Future in slight short, but option Data looks bullish. Hold your breath till market trends

Time: 8:40 am   VIX: 18.96  SGX Nifty:  10157  FII: -1496 Cr    DII:   +340 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
          CE
Nifty
10500
1.35
10000
11000
9900 (66%)
10200 (123.59%)
Banknifty
26000
1.53
2550
26500
26500 (30%)
26500 (60%)
              
Future
position and Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
JSW, Wipro, Infratel, IOC, Bajaj Auto, Coal
India, HCL
VEDL
NTPC, HDFC Bank, GAIL,
Airtel, ONGC, Grasim,Maruti, Reddy, HDFC, LT
PGC
ONGC
Nifty
(Over all FNO Position: Neutral)
·
Global market is mixed and SGX nifty is down.
·
FII is in sell mode
·
Highest PE is at 10000 and highest CE is at 11000.
·
PEs are added at 9900 and CEs are added at 10200
·
More number of PEs have been added than CEs
·
MAX Pain is at 10500 (no change)
·
PCR is bullish
·
Net future Position is in short
·
Time to do call ratio
Banknifty (Over
all FNO Position: Neutral)
·
ICICI Bank is up and HDFC Bank is up in USA.
·
Highest PE is at 25500 and Highest CE is at 26500.
·
PEs are sold at 26500 and CEs are sold at 26500.
·
More number of PEs have been added than CEs
·
Max Pain is at 26000 (no change)
·
PCR is bullish
·
Net future positions is in short
·
Time to do short strangle in intraday
Executed Trades
ü
Exited all of them in single click. Made profit of 1.5K
Trading Plan
ü
Will try to do intraday trading
Open Positions (NIL)

 

Jegathesan Durairaj, a mathematician by qualification, an Ex-software professional and now a full time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity in twitter as itjegan, with huge followers. He had won Zerodha 60 Day Challenge – 10 Times round-the-clock. He is one of the prime Option Writing Trainer and tutored close to 1000 members till now.

He is the Mastermind of CapitalZone – Active Option Trading where Traders can avail Trading Chart with customised indicators, FNO tools and Payoff analysis. His keynote is to provide whole FNO deets to be handy for Traders in a sole place.

Now he is taking more heed on hedging portfolio in Option Writing where we might subject to more market risk. He is streamlining his strategies often and improving perpetually. At this time unfolding ways to measure good-quality Trend Following System.

Conducting workshop in all Metro Cities (Delhi, Mumbai, Bangalore, Chennai and Coimbatore) often based on queries from Traders.