Less speculation may lead to range-bound day. Nifty is tired, but Banknifty wants to go up. Time for put calendar in Banknifty

Less speculation may lead to range-bound day. Nifty is tired, but Banknifty wants to go up. Time for put calendar in Banknifty

Time: 8:40 am   VIX: 13.25   SGX Nifty: 10700    FII: – 1628 Cr       DII +1084 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
          CE
Nifty
10600
1.17
10500
11000
10400 (20%)
10700 CE (24%)
Banknifty
25500
1.44
24500
26000
26000 (12%)
26500 (11%)
                              
Technical
Data and Analysis (Support & Resistance are based on Fibo)
Index
Support
Resistance
4 Hour Trend
Daily Trend
Weekly Trend
Nifty
10049
10374
Down
Up
Up
Banknifty
24057
24849
Down
Up
Up
Future
position and Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
TechM, HDFC 
Bank
Sun Pharma, Airtel
VEDL
BPCL, Grid
PGC, Hero
Nifty
(Over all FNO Position: Neutral with negative bias)
·                    
Global market is positive and SGX nifty is down.
·                    
FII is in sell mode
·                    
Highest PE is at 10500 and highest CE is at 10500.
·                    
PE is sold at 10400 and CE is sold at 10700.
·                    
More CEs have been added
·                    
Max Pain is at 10600
·                    
PCR is bullish
·                    
Net future Position is neutral
·                    
Time to sell 11000 CE.
Banknifty (Over all FNO Position: Slightly Bullish)
·                    
ICICI Bank is up and HDFC Bank is down in USA.
·                    
Highest PE is at 24500 and Highest CE is at 26000.
·                    
PEs are sold at 26000 and CEs are sold 26500.
·                    
More PEs have been added than CE
·                    
Max Pain moved up by 100 points (25500)
·                    
PCR is ultra-bullish
·                    
Net future positions is neutral
·                    
Time for put calendar at 25500
Executed Trades
ü 
Done nothing
Trading Plan
ü 
May plan a put calendar at 25500
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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