Market gaps up with negative FNO data. Better to wait & trade after 2:30

Time: 8:40 amVIX: 19.03SGX Nifty:10237FII:-340 CrDII: +116 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
CE
Nifty
10400
0.71
10000
10500
9900 (30%)
10200 (209%)
Banknifty
25100
0.73
24500
25500
24500 (32%)
25200 (87%)
Future
position and Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
Bajaj Auto, IOC, NTPC, Infratel, Adani Port
LT
HDFC Bank, BPCL, ,
Grasim, Ultratech, Bajaj FinServ, Bajaj Finance, Sun Pharma, Asian Paint,
ONGC, TCS, JSW, UPL, Reddy, Tamo
Airtel, Indusind
Infratel, HDFC Bank
Nifty
(Over all FNO Position: Slightly Bearish)
·
Global market is down and SGX nifty is up.
·
FII is in sell mode
·
Highest PE is at 10000 and highest CE is at 10500.
·
PEs are added at 9900 and CEs are added at 10200
·
More number of CEs have been added than PEs
·
MAX Pain is at 10400 (100 points down)
·
PCR is Bearish
·
Net future Position is 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 24500 and Highest CE is at 25500.
·
PEs are sold at 24500 and CEs are sold at 25200.
·
More number of CEs have been added than PEs
·
Max Pain is at 25100 (100 points down)
·
PCR is bearish
·
Net future positions is short
·
Time to sell CE
Executed Trades
ü
Done nothing
Trading Plan
ü
Will double back spread if market is in side ways.
ü
If market goes up, will additional 25000 PE for the short in
Banknifty
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.