Huge OI at 10800 with slight short may limit the up move. Time to create callratio

Time: 9:05 amVIX: 19.33 SGX Nifty:10655FII: -753 CrDII: -44
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
CE
Nifty
10600
1.51
10000
10800
10500 (5%)
10850 (144%)
Banknifty
26000
1.50
25000
26000
24400 (236%)
27000 (36%)
Future
position and Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
Vedl, Airtel, UPL,
Coal India
IBHF, Yes, Hindalco,
JSW
Indusind, Adandi
Nifty
(Over all FNO Position: Neutral with negative bias)
·
Global market is down and SGX nifty is flat.
·
FII is in sell mode
·
Highest PE is at 10000 and highest CE is at 10800.
·
PEs are added at 10500 and CEs are added at 10850
·
More number of CEs have been added than PEs
·
MAX Pain is at 10600 (no change)
·
PCR is bullish
·
Net future Position is slightly in short
·
Time to do call ratio
Banknifty (Over
all FNO Position: Neutral with negative bias)
·
ICICI Bank is down and HDFC Bank is down in USA.
·
Highest PE is at 25000 and Highest CE is at 26000.
·
PEs are sold at 24300 and CEs are sold at 27000.
·
More number of CEs have been added than PEs
·
Max Pain is at 26000 (no change)
·
PCR is bullish
·
Net future positions is in short
·
Time to do call ratio
Executed Trades
ü
Exited all put calendars
ü
Created call ratio at 26500 and 26700 with ratio 1:5
ü
Sold naked call at 26800
ü
Rolled 26500 CE to 26400 CE
Trading Plan
ü
Will try to create more call ratio
ü
Will create Iron-fly and putcalendar in the end
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.

 

 

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