PCR is back to NRML, unwinding in CE may cause sharp rally. Safe to play in Nifty
Analysis
|
Index
|
Max Pain
|
PCR
|
Highest OI
|
Highest Increase in OI
|
||||||
|
Nifty
|
10700
|
1.20
|
10000
|
11000
|
10600 (20%)
|
10600 (15%)
|
||||
|
Banknifty
|
26800
|
1.06
|
26500
|
27500
|
26700 (55%)
|
26700 (50%)
|
||||
& Volume Analysis (Nifty & Banknifty stocks)
|
Long Build Up
|
Profit Booking
|
Short Build Up
|
Short Covering
|
High Delivery Volumes
|
|
Bajaj Auto, Titan
|
Indusind
|
BPCL,
Airtel |
(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
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
Sold 27000 CE in intraday and fought
till the end. Came with 2000 loss
Will do expiry trading
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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