Future & volume smells bearishness, but OI smells bullishness. May lead to flat day. Better to stay for this year

Time: 9:00 am   VIX: 12.30      SGX Nifty: 10512      FII: +563 Cr        DII: -774 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
          CE
Nifty
10400
1.16
10000
11000
10200 (75%)
11000 (56%)
Banknifty
25500
1.07
26000
26000
25500 (81%)
26000 (22%)
                              
Technical
Data and Analysis
Index
Support
Resistance
4 Hour Trend
Daily Trend
Weekly Trend
Nifty
10496
10616
Up
Up
Up
Banknifty
25280
25920
Up
Up
Up
Future
position and Volume Analysis (Nifty & Banknifty stocks)
– Credit goes to StockEdge
Application
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
OIL, GAIL, Hindalco, IBHF, RIL, Tata Steel,
UPL, ONGC, MM, HUL, VEDL, TCS, Infratel, Wipro, Reddy, Coal India, ICICI
BOI
Adani, BoB, IOC, PGC,
NTPC, Bosch, Auro, SBI, Airtel, HCL, Syndicate, ITC, EM, BPCL, Ultratech,
Bajaj Finance, Indusind, Sun Pharma, Federal, Hero, Cipla, LT, Bajaj, Axis,
ACC, HDFC Bank
INFY, ITC, IOC, NTPC
Nifty
(Over all FNO Position: Neutral)
·                    
Global market is up and SGX nifty is flat.
·                    
FII is in buy mode.
·                    
Highest CE is at 10000 and highest PE is at 11000.
·                    
PE is sold at 10200 and CE is sold at 11000.
·                    
More PEEs are added yesterday.
·                    
Max Pain is at 10400
·                    
PCR is bullish
·                    
Net position is neutral in future
·                    
Better to stay away for this year.
Banknifty (Over all FNO Position: Neutral)
·                    
ICICI Bank is up and HDFC Bank is up in USA.
·                    
Highest PE is at 26000 and Highest CE is at 26000.
·                    
PEs are sold at 25400 and CEs are sold 26000.
·                    
More PEs are added than CE
·                    
Max Pain is at 25500.
·                    
PCR is bit bullish.
·                    
Net position is short in future.
·                    
Time to stay away as there is not much clarity.
Executed Trades
ü 
Done expiry trading. Total MTM 50K
Trading Plan
ü 
May do lightly.
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.

 

 

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