No speculation in seen in future yet. Option setup smells range-bound day. PCR & MaxPain are back to NRML. Good to sell 12K CE & 29K CE

Time: 8:15 am   VIX: 16.42     
SGX Nifty: 11000     FII: -106 Cr        DII: -282 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
          CE
Nifty
10900
1.07
10500
12000
10700 (26%)
12000 (26%)
Banknifty
27300
1.19
26500
28000
29000 (70%)
                              
Technical
Data and Analysis (Support & Resistance are based on Fibo)
Index
Support
Resistance
4 Hour Trend
Daily Trend
Weekly Trend
Nifty
10892
11237
Up
Up
Up
Banknifty
26526
27845
Up
Up
Up
Future
position and Volume Analysis (Nifty & Banknifty stocks)
– Credit goes to StockEdge Application
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
IOC, BPCL
Kotak, HDFC
Asian Paint, Tamo, EM,
Bajaj
Hero, PGC
PGC, NTPC, Kotak, EM, ITC
Nifty
(Over all FNO Position: Neutral)
·                    
Global market is negative and SGX nifty is down.
·                    
FII is in sell mode
·                    
Highest PE is at 10500 and highest CE is at 12000.
·                    
PE is sold at 10700 and CE is sold at 12000.
·                    
More CEs are sold than PE
·                    
Max Pain is at 10900.
·                    
PCR is neutral
·                    
Net future Position is neutral.
·                    
Sell 12000 CE in Feb
Banknifty (Over all FNO Position: Neutral)
·                    
ICICI Bank is down and HDFC Bank is down in USA.
·                    
Highest PE is at 26500 and Highest CE is at 28000.
·                    
At most no PEs are sold and CEs are sold 28000.
·                    
Only CEs are sold
·                    
Max Pain came down to 27300.
·                    
PCR is neutral
·                    
Net future position is neutral
·                    
Sell 29000 CE in Feb
Executed Trades
ü 
NIL
Trading Plan
ü 
May sell only CE at 12000 CE and 29000 CE
Open Positions (NIL)

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.

 

 

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