Private banks are ready to lift Banknifty along with PSU Banks and Nifty is expected to walk further today

Private banks are ready to lift Banknifty along with PSU Banks and Nifty is expected to walk further today

Time: 6:50 am                                            FII: +577 Cr DII:
-594 Cr


Nifty
                              
Technical Data and Analysis
Support
Resistance
RSI
ADX
MACD Signal
8968
9375
57-
39-
102-
Future position and Volume Analysis
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
Open Interest Analysis
Max pain
PCR
Highest (PE)
Highest (CE)
High Increase (PE)
High Increase (CE)
9000
1.06
8800
9200
8950
(17.7%)
9100 (41%)
Summary
  • 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
Banknifty
Technical Data and Analysis
Support
Resistance
RSI
ADX
MACD Signal
20575
21705
60-
35-
268-
Future position and Volume Analysis
Long Build Up
Long Unwinding
Short Build Up
Short Covering
Delivery Volumes
PNB
Canara
Andhra
Karnataka
Indusind
Bank of India
BOB
SBI
Open Interest Analysis
Max pain
PCR
Highest (PE)
Highest (CE)
High Increase (PE)
High Increase (CE)
21000
0.98
20500
21500
20600 (78%)
21500 (20%)
Summary
  • 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
Executed Trades
  • Bought Nifty Apr 9300 CE and sold out Nifty
    Apr 9400 CE 4 times.
  • Having 10% free cash.
Trading Plan
  • 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
Open Positions
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 РActive 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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