Heavy weights are in long. FNO smells bullishness. Market would like to taste all-time high for this year. Time to sell PE with ratio in Jan

Heavy weights are in long. FNO smells bullishness. Market would like to taste all-time high for this year. Time to sell PE with ratio in Jan

Time: 8:15 am   VIX: 12.05      SGX Nifty: 10515      FII: 44 Cr        DII: +544 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
          CE
Nifty
10400
1.46
10000
10500
10500 (25%)
10550 (34%)
Banknifty
25700
1.31
25000
26000
25300 (11%)
26000 (12%)
                              
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
Bosch, ONGC, Tata Steel, Yes, Ultratech, Sun
Pharma, Reddy, ITC, Reliance, Ambuja
Syndicate, HUL, IOC,
NTPC, INFY
GAIL, Asian Paint
ITC
Nifty
(Over all FNO Position: Slightly Bullish)
·                    
Global market is mixed and SGX nifty is flat.
·                    
FII is in sell mode.
·                    
Clear accumulation is seen.
·                    
Highest CE is at 10500 and highest PE is at 10000.
·                    
PE is sold at 10500 and CE is sold at 10550.
·                    
More number of PE is sold than CEs
·                    
Max Pain is at 10400
·                    
PCR is ultra bullish
·                    
Net position is long in future
·                    
Sell naked 10400 PE
Banknifty (Over all FNO Position: Range bound
with positive bias)
·                    
ICICI Bank is up and HDFC Bank is down in USA.
·                    
Highest PE is at 25000 and Highest CE is at 26000.
·                    
PEs are sold at 25300 and CEs are sold 26000.
·                    
Equal number of CE and PE are sold.
·                    
Max Pain is at 25700.
·                    
PCR is ultra bullish.
·                    
Net position is neutral in future.
·                    
Time for short strangle at 26000 CE and 25300 PE.
Executed Trades
ü 
Done one day before expiry, but had nothing to packet in
Trading Plan
ü 
Will do one day before expiry and sell more PE today.

Open Positions


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.