Nifty most likely to cross 11K as MaxPain, OI help with future position. Time for putcalendar

Time: 8:50 am   VIX: 15.27  SGX Nifty:  10970  FII: -120 Cr    DII:   +1199
Option Data
Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase in OI
PE
          CE
Nifty
10900
1.27
10500
11200
10800 (34%)
11200 (29%)
Banknifty
27100
1.06
27500
27500
27000 (45%)
27000 (32%)
          
Future
& Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
HDFC
Bank, ICICI, Titan, HDFC, ITC, Sun Pharma, Cipla, Tata Steel
Nifty
(Over all FNO Position: Slightly Bullish)
·
Global market is up and SGX nifty is up.
·
FII is in sell mode
·
Highest PE is at 10500 and highest CE
is at 11200.
·
PEs are added at 10800 and CEs are
added at 11200
·
More number of PEs have been added than
CEs
·
MAX Pain is at 10900 (100 points up)
·
PCR is bullish
·
Net future Position is in long
·
Time for putcalendar
Banknifty (Over all FNO Position: Slightly bullish)
·
ICICI Bank is up and HDFC Bank is up
in USA.
·
Highest PE is at 27500 and Highest CE
is at 27500.
·
PEs are sold at 27000 and CEs are
sold at 27000.
·
More number of PEs have been added
than CEs
·
Max Pain is at 27100 (up by 100
points)
·
PCR is bullish
·
Net future positions is in neutral
·
Time to create putcalendar
Executed Trades
ü
Done nothing
Trading Plan
ü
May create put calendar
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.