Short covering happened in PSU Banks, Equal speculation and expiry will make high volatile day
VIX: 11.99 SGX Nifty: 9505 FII: -469 Cr DII: +169 Cr
Interest Analysis
|
Index
|
Max Pain
|
PCR
|
Highest
|
Highest Increase
|
||||||
|
Nifty
|
9500
|
0.90
|
9500
|
9700
|
9400 (20%)
|
9550 CE (60%)
|
||||
|
Banknifty
|
23300
|
0.84
|
23000
|
23500
|
23100 (87%)
|
23300 (90%)
|
||||
Data and Analysis
|
Index
|
Support
|
Resistance
|
4 Hour Trend
|
Daily Trend
|
Weekly Trend
|
|
Nifty
|
9376
|
9725
|
Up
|
Up
|
Up
|
|
Banknifty
|
23289
|
24636
|
Up
|
Up
|
Up
|
position and Volume Analysis (Nifty and Banknifty stocks)
|
Long Build Up
|
Profit Booking
|
Short Build Up
|
Short Covering
|
High Delivery Volumes
|
|
ICICI, Sun Pharma, Coal India, Bankindia,
|
Asianpaint, Oil,
Bajaj, ONGC, Hero, Axis, |
Federal, Kotak
|
Indusind, Ambuja, ACC,
Vedl, Maruti, Canara, Yes, Tata Steel |
Bajaj, Axis
|
(Over all FNO Position: Neutral)
FIIs are in sell side now.
Global market is mixed and SGX nifty is flat.
Equal speculation exits in long and short and hence it will be
volatile.
Highest CE is at 9700 and highest PE is moved to 9500.
CEs are sold heavily yesterday in multiple strike prices.
PE is sold only at 9400.
Max Pain is at 9500 and PCR is too weak.
Good short covering happened, but still long is not maintained
yet.
Range between high CE and PE is still 200. It is highly
volatile.
Both ICICI Bank and HDFC Bank are up in USA.
Highest PE is at 23000 and Highest CE is at 23500.
23100 PE is sold and CE is sold at 23300 CE.
Equal amount of CEs and PEs are sold yesterday.
Good short covering happened in PSU banks.
PCR is very weak and Max Pain is at 23300.
Good time to capture theta and vega today irrespective of gamma.
Made intraday profit of just 3K because wild animal was highly
volatile
Having multiple short strangles in Banknifty.
Planning to do expiry trading
Planning to take short strangle in banknifty
| Product | Instrument | Qty. | Avg. price | LTP | P&L | Chg. | |
|---|---|---|---|---|---|---|---|
| NRML | BANKNIFTY17JUN22700PE NFO | -1200 | 6.75 | 5.00 | +2094.00 | -25.87% | |
| NRML | BANKNIFTY17JUN22800PE NFO | -1200 | 6.50 | 7.05 | -664.00 | +8.52% | |
| NRML | BANKNIFTY17JUN23600CE NFO | -1200 | 9.61 | 7.25 | +4288.00 | -24.55% | |
| NRML | BANKNIFTY17JUN23700CE NFO | -1200 | 9.26 | 4.40 | +5828.00 | -52.47% | |
| NRML | BANKNIFTY17JUN22600PE NFO | -600 | 5.97 | 4.20 | +2370.00 | -29.69% | |
| MIS | BANKNIFTY17JUN22300PE NFO | 0 | 0.00 | 2.35 | -146.00 | NA | |
| MIS | BANKNIFTY17JUN22400PE NFO | 0 | 0.00 | 2.45 | +2922.00 | NA | |
| MIS | BANKNIFTY17JUN22500PE NFO | 0 | 0.00 | 3.00 | +7440.00 | NA | |
| MIS | BANKNIFTY17JUN22800PE NFO | 0 | 0.00 | 7.05 | -1124.00 | NA | |
| MIS | BANKNIFTY17JUN23500CE NFO | 0 | 0.00 | 14.00 | -4971.00 | NA | |
| NRML | BANKNIFTY17JUN23500CE NFO | 0 | 0.00 | 14.00 | -4593.00 | NA | |
| MIS | BANKNIFTY17JUN23700CE NFO | 0 | 0.00 | 4.40 | -2006.00 | NA | |
| MIS | BANKNIFTY17JUN23800CE NFO | 0 | 0.00 | 2.90 | +4536.00 | NA | |
| MIS | BANKNIFTY17JUN23900CE NFO | 0 | 0.00 | 2.15 | +11552.00 | NA | |
| MIS | BANKNIFTY17JUN24000CE NFO | 0 | 0.00 | 1.50 | +11664.00 | NA | |
| TOTAL | 39,190 | ||||||
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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