PCR is back to NRML, unwinding in CE may cause sharp rally. Safe to play in Nifty

Time: 8:50 amVIX: 15.92SGX Nifty:10800FII: +80 CrDII: -138
Option Data
Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase in OI
PE
CE
Nifty
10700
1.20
10000
11000
10600 (20%)
10600 (15%)
Banknifty
26800
1.06
26500
27500
26700 (55%)
26700 (50%)
Future
& Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
Bajaj Auto, Titan
Indusind
BPCL,
Airtel
Nifty
(Over all FNO Position: Neutral with positive bias)
·
Global market is up and SGX nifty is flat.
·
FII is in sell mode
·
Highest PE is at 10000 and highest CE
is at 11000.
·
PEs are added at 10600 and CEs are
added at 10600
·
More number of PEs have been added than
CEs
·
MAX Pain is at 10700 (no change)
·
PCR is bullish
·
Net future Position is in neutral
·
Time to sell PE in intraday
Banknifty (Over all FNO Position: Neutral with positive bias)
·
ICICI Bank is up and HDFC Bank is up
in USA.
·
Highest PE is at 26500 and Highest CE
is at 27500.
·
PEs are sold at 26700 and CEs are
sold at 26700.
·
More number of PEs have been added
than CEs
·
Max Pain is at 26800 (no change)
·
PCR is neutral
·
Net future positions is in neutral
·
Time to sell CE
Executed Trades
ü
Sold 27000 CE in intraday and fought
till the end. Came with 2000 loss
Trading Plan
ü
Will do expiry trading
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.

 

 

Leave comment

Your email address will not be published. Required fields are marked with *.