Market gaps up with negative FNO data. Better to wait & trade after 2:30
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Index
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Max Pain
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PCR
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Highest OI
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Highest Increase
in OI
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||||||
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Nifty
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10400
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0.71
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10000
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10500
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9900 (30%)
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10200 (209%)
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||||
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Banknifty
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25100
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0.73
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24500
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25500
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24500 (32%)
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25200 (87%)
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position and Volume Analysis (Nifty & Banknifty stocks)
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Long Build Up
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Profit Booking
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Short Build Up
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Short Covering
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High Delivery Volumes
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Bajaj Auto, IOC, NTPC, Infratel, Adani Port
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LT
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HDFC Bank, BPCL, ,
Grasim, Ultratech, Bajaj FinServ, Bajaj Finance, Sun Pharma, Asian Paint, ONGC, TCS, JSW, UPL, Reddy, Tamo |
Airtel, Indusind
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Infratel, HDFC Bank
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(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
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
Done nothing
Will double back spread if market is in side ways.
If market goes up, will additional 25000 PE for the short in
Banknifty
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.