Market made retailer to go in short mood now; Panic is getting created in price movement.

Time: 7:50 am
Banknifty
·                    
Aggressive short positions have been added to all banking
stocks.
·                    
HDFC bank up where ICICI bank down in USA.
·                    
Technically ICICI bank is kind of bottomed out.
·                    
HDFC bank is not falling much. Axis is taking good support at
450.
·                    
All heavy weight stocks are not ultra-bearish in Banknifty.
·                    
Now sentiment can either change up and down violently now.
·                    
Time to sell more CEs as I have holdings and SBI long.
·                    
SBI should take support at 240 (200 EMA).
Nifty
·                    
Except TAMO, ASIANPAINT and EICHERMOTORS, the entire index looks
weak.
·                    
However there was no real panic technically as RSI is not coming
down drastically.
·                    
Sell more CE to hedge holdings and long positions.
·                    
Though market comes down drastically yesterday, downside seems
to be limited.
·                    
Market moved down 8000 (psychological support).
·                    
The next level of congestion buy happened at 7880. It will acts
as a support.
·                    
Shorts positions have been maintained in all stocks.
·                    
Retailers are in short mode with conviction now.
·                    
May be market is trying to create panic here before it goes up.
My Position & Trading Plan
·                    
Holding VEDL Put and SBI long now with even more CEs.
·                    
Did expiry trade but couldn’t complete due to official work.
·                    
Made loss 700 and exited most of the positions.
·                    
Closed all CEs for my holdings and exited current month
Banknifty options
·                    
Booked profit in 8100 short straddle with 1.5K profit and
created one more at 8100.
·                    
Hedged SBI future long with next month 270 CE.
·                    
Will start selling option in next month from today.
·                    
SBI future long is the one which is hurting much.

Open Positions(20) Historical Download

Product
Instrument
Qty.
Avg. price
LTP
P&L
Chg.
NRML
SBIN16DEC265CE NFO
-6000
1.15
0.45
+4200.00
-60.87%
NRML
VEDL16DEC195PE NFO
-6000
1.25
0.40
+5100.00
-68.00%
NRML
SBIN16DEC270CE NFO
-3000
5.25
0.30
+14850.00
-94.29%
NRML
SBIN17JAN270CE NFO
-3000
3.20
3.05
+450.00
-4.69%
NRML
NIFTY17JAN8000CE NFO
-75
166.00
159.00
+525.00
-4.22%
NRML
NIFTY17JAN8000PE NFO
-75
114.90
121.90
-525.00
+6.09%
NRML
SBIN16DECFUT NFO
+3000
268.00
250.65
-52050.00
-6.47%
MIS
BANKNIFTY16DEC17300PE NFO
0
0.00
14.55
+260.00
NA
NRML
BANKNIFTY16DEC17500PE NFO
0
0.00
32.25
+362.00
NA
NRML
BANKNIFTY16DEC17600PE NFO
0
0.00
47.75
-1024.00
NA
NRML
BANKNIFTY16DEC18500CE NFO
0
0.00
11.00
+1596.00
NA
MIS
BANKNIFTY22DEC1617800PE NFO
0
0.00
0.05
+960.00
NA
MIS
BANKNIFTY22DEC1617900CE NFO
0
0.00
0.05
-3726.00
NA
MIS
BANKNIFTY22DEC1617900PE NFO
0
0.00
2.05
+2178.00
NA
NRML
BANKNIFTY22DEC1618400CE NFO
0
0.00
0.05
+1780.00
NA
MIS
BANKNIFTY22DEC1618500CE NFO
0
0.00
0.05
+1660.00
NA
NRML
NIFTY17JAN8100CE NFO
0
0.00
107.50
+5475.00
NA
NRML
NIFTY17JAN8100PE NFO
0
0.00
167.15
-3787.50
NA
NRML
SUNPHARMA16DEC650CE NFO
0
0.00
1.30
+720.00
NA
NRML
SUNPHARMA16DEC660CE NFO
0
0.00
0.90
+450.00
NA
TOTAL
-20,546.5

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.