No long build-up and short build-up position in FNO. PCR and Max Pain are normal. Nifty is looking for a direction
4:45 am
Interest Analysis
|
Index
|
Max Pain
|
PCR
|
Highest
|
Highest Increase
|
||||||
|
Nifty
|
9400
|
1.09
|
9400
|
9600
|
9500 (49%)
|
9800 (23%)
|
||||
|
Banknifty
|
23100
|
0.85
|
22000
|
23500
|
22500 (80%)
|
24000 (61%)
|
||||
Data and Analysis
|
Index
|
Support
|
Resistance
|
4 Hour Trend
|
Daily Trend
|
Weekly Trend
|
|
Nifty
|
9380
|
9634
|
Up
|
Up
|
Up
|
|
Banknifty
|
22264
|
23310
|
Up
|
Up
|
Up
|
position and Volume Analysis (Nifty and Banknifty stocks)
|
Long Build Up
|
Profit Booking
|
Short Build Up
|
Short Covering
|
High Delivery Volumes
|
|
Cipla, Ultratech,
Andhara, Sunpharma, Reddy |
Reliance, ONGC, BOSCH
|
GAIL, HCL
|
(Over all FNO Position: Neutral)
FII selling is not much and huge in-flow will save the market.
Global market is up and SGX nifty is flat.
No speculative position is taken yet in FNO. Only short covering
happened on Friday.
Highest CE is at 9600 and highest PE is at 9400. Hence market
may trade in very narrow range.
Shorts added only to pharma sector again.
Huge number of PE added to 9400 and hence market has least
chance to go down below 9400.
Max Pain came down 9400 and PCR is normal.
Very less delivery volume, market will hardly make a move.
ICICI Bank is up and HDFC Bank is down in USA.
Highest CE is at 23500 and good amount of 22500 PE is also sold.
Banknifty is bullish by OI and it is bearish by PCR.
Upcoming position will give better clarity of movement.
Hence Banknifty will be less volatile.
Max Pain Jumped up to 23100
PCR is poor.
Good time to play in weekly option.
Had taken position in weekly expiry
Sold PEs at 22400, 22500 and 22600.
Sold CEs at 23700, 23800 and 23900.
Having 50% free cash.
Planning to sell Monthly PE in Banknifty.
Not planning to trade in Nifty as of now as there is not much
premium right now.
As we have 5 weeks now, I am planning to do more of weekly
option in Banknifty.
| Product | Instrument | Qty. | Avg. price | LTP | P&L | Chg. | |
|---|---|---|---|---|---|---|---|
| NRML | BANKNIFTY01JUN1722400PE NFO | -600 | 18.54 | 8.00 | +6324.00 | -56.85% | |
| NRML | BANKNIFTY01JUN1722500PE NFO | -600 | 14.66 | 10.50 | +2496.00 | -28.38% | |
| NRML | BANKNIFTY01JUN1722600PE NFO | -600 | 16.30 | 15.00 | +778.00 | -7.96% | |
| NRML | BANKNIFTY01JUN1723700CE NFO | -600 | 14.71 | 14.65 | +34.00 | -0.39% | |
| NRML | BANKNIFTY01JUN1723800CE NFO | -600 | 9.73 | 8.00 | +1038.00 | -17.78% | |
| NRML | BANKNIFTY01JUN1723900CE NFO | -600 | 8.69 | 5.20 | +2096.00 | -40.18% | |
| TOTAL | 12,766 | ||||||
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.
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