Private banks are ready to lift Banknifty along with PSU Banks and Nifty is expected to walk further today
-594 Cr
|
Support
|
Resistance
|
RSI
|
ADX
|
MACD Signal
|
|
8968
|
9375
|
57-
|
39-
|
102-
|
|
Long Build Up
|
Long Unwinding
|
Short Build Up
|
Short Covering
|
Delivery Volumes
|
|
HDFC
TATA
Power
ITC
Ultratech
|
HERO
AURO
TAMO
Sun Pharma
|
Tata steel
Infy
Reliance
Lupin
Asian paint
|
ACC
|
HDFC
ITC
INFY
TAMO
|
|
Max pain
|
PCR
|
Highest (PE)
|
Highest (CE)
|
High Increase (PE)
|
High Increase (CE)
|
|
9000
|
1.06
|
8800
|
9200
|
8950
(17.7%) |
9100 (41%)
|
- FII are in buy side.
- Global market is down. SGX Nifty is flat.
- Overall Net FNO position is neutral.
- The fall of Reliance and Infy will be well compensated
by HDFC twins and ITC. - Banknifty will be in lamplight today which will
push Nifty up. - Other than banking stocks, nifty will be
hanging in the same place
|
Support
|
Resistance
|
RSI
|
ADX
|
MACD Signal
|
|
20575
|
21705
|
60-
|
35-
|
268-
|
|
Long Build Up
|
Long Unwinding
|
Short Build Up
|
Short Covering
|
Delivery Volumes
|
|
|
PNB
Canara
Andhra
Karnataka
Indusind
|
|
|
Bank of India
BOB
SBI
|
|
|
|
Max pain
|
PCR
|
Highest (PE)
|
Highest (CE)
|
High Increase (PE)
|
High Increase (CE)
|
|
21000
|
0.98
|
20500
|
21500
|
20600 (78%)
|
21500 (20%)
|
- ICICI Bank is up and HDFC Bank is up in USA.
- Axis bank is trying to get bottomed out with
hidden positive divergence. - All PSU Banks look very strong.
- Safe to sell 450 PE in next month. Chart
attached. - Overall Net FNO position is in long side.
- Banknifty is going up with bearish divergence
pattern J
- Bought Nifty Apr 9300 CE and sold out Nifty
Apr 9400 CE 4 times. - Having 10% free cash.
- Waiting for market to go up. If it goes, will
sell more PE - Will try to close 9000 SS
- No adjustment is required if market comes down
| Product | Instrument | Qty. | Avg. price | LTP | P&L | Chg. | |
|---|---|---|---|---|---|---|---|
| NRML | NIFTY17APR8700PE NFO | -900 | 18.89 | 22.50 | -3251.25 | +19.13% | |
| NRML | BANKNIFTY17APR19500PE NFO | -800 | 24.50 | 24.90 | -320.00 | +1.63% | |
| NRML | BANKNIFTY17APR22500CE NFO | -800 | 31.00 | 23.65 | +5880.00 | -23.71% | |
| NRML | BANKNIFTY17MAR20600PE NFO | -800 | 10.34 | 9.25 | +868.00 | -10.50% | |
| NRML | NIFTY17APR8500PE NFO | -600 | 10.75 | 9.85 | +540.00 | -8.37% | |
| NRML | NIFTY17APR9400CE NFO | -600 | 23.34 | 23.80 | -273.75 | +1.95% | |
| NRML | NIFTY17APR9500CE NFO | -600 | 21.33 | 12.10 | +5535.00 | -43.26% | |
| NRML | NIFTY17APR9000CE NFO | -300 | 196.00 | 179.80 | +4860.00 | -8.27% | |
| NRML | NIFTY17APR9000PE NFO | -300 | 82.00 | 83.00 | -300.00 | +1.22% | |
| NRML | NIFTY17APR9200CE NFO | -300 | 140.50 | 77.00 | +19050.00 | -45.20% | |
| NRML | NIFTY17APR9200PE NFO | -300 | 132.00 | 174.30 | -12690.00 | +32.05% | |
| NRML | NIFTY17DEC10000CE NFO | -150 | 165.00 | 172.00 | -1050.00 | +4.24% | |
| NRML | NIFTY17DEC10000PE NFO | -150 | 710.00 | 780.50 | -10575.00 | +9.93% | |
| NRML | NIFTY17APR9300CE NFO | +150 | 44.85 | 44.50 | -52.50 | -0.78% | |
| TOTAL | 8,220.5 | ||||||
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.
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