Slight long is seen. Time for putcalendar if Nifty turns positive late today

Time: 7:30 am   VIX: 13.72  SGX Nifty:  11570  FII: -455 Cr    DII:   +612 Cr

 

Participant wise Open Interest

 

Client Type Future Index Long Future Index Short Future Stock Long Future Stock Short Option Index Call Long Option Index Put Long Option Index Call Short Option Index Put Short Option Stock Call Long Option Stock Put Long Option Stock Call Short Option Stock Put Short
Client 240190 152949 1001385 374330 412239 432241 473127 665520 293786 92882 212500 113703
DII 34462 85436 24745 934586 30578 105583 0 0 42 0 0 0
FII 135632 141826 681492 458789 217638 354428 108476 167405 25887 23098 34859 18657
Pro 13300 43373 148356 88273 145373 159541 224225 218868 43760 54518 116116 38138
TOTAL 423584 423584 1855978 1855978 805827 1051793 805827 1051793 363475 170498 363475 170498

 

FNO Data Analysis

 

Index Max Pain PCR Highest OI

PE CE
Highest Increase in OI

PE           CE
Nifty 11500 1.14 11400 11800 11400 (15%) 12100 (33%)
Banknifty 27500 1.17 27000 29000 26500 (8%) 29000 (32%)

 

Technical Data (All are based on Ichimokuo)

 

Index Support Resistance Daily Trend Weekly Trend
Nifty 11114 111769 Up Up
Banknifty 27092 28300 Up Up

 

Future position and Volume Analysis (Nifty & Banknifty stocks)

 

Long Build Up Profit Booking Short Build Up Short Covering High Delivery Volumes
HDFC, NTPC, Cipla, ONGC, MM, IOC, HCL, PGC, Gail Maruti, Infratel, IBHF Bajaj Auto, Kotak HDFC

 

Nifty (Over all FNO Position: Neutral with positive bias)

 

  • Global market is down and SGX nifty is flat.
  • FII is in sell mode
  • Highest PE is at 11400 and highest CE is at 11800.
  • PEs are added at 11400 and CEs are added at 12100
  • More number of PEs have been added CEs
  • MAX Pain is at 11500
  • PCR is bullish
  • Net future Position is slightly long
  • One can do advanced diagonal put calendar now.

 

Banknifty (Over all FNO Position: Neutral with positive bias)

 

  • ICICI Bank is down and HDFC Bank is down in USA.
  • Highest PE is at 27000 and Highest CE is at 29000.
  • PEs are sold at 26500 and CEs are sold at 29000.
  • More number of PEs have been added than CEs
  • Max Pain is at 27500 (No change)
  • PCR is bullish
  • Net future positions is slightly in long
  • Time to do more put calendar in monthly to monthly

 

Executed Trades

  • Done expiry trading and made a loss of 50K

Trading Plan

 

  • Will do intraday trading
  • If market turns positive, will deploy putcalendar in the end
  • Will exit nifty future if market goes up again.

Open Positions

Report data last updated on Sep 7 2018 1:30AM
FAO UnRealized Position : JEGAN001 as on 07/09/2018
  Scrip Name Date Qty Avg Rate Value Prev Close Market Value M2M
   NIFTY 25 Oct 2018 CE 12000.00   900 61.56 55399.59 54.85 49365.00 (6034.59)
   NIFTY 25 Oct 2018 PE 12000.00   1200 333.08 399700.92 443.50 532200.00 132499.08
   NIFTY 27 Sep 2018   -150 11599.53 (1739929.14) 11567.15 (1735072.50) 4856.64
   NIFTY 27 Sep 2018 CE 11800.00   -2100 37.16 (78027.75) 39.35 (82635.00) (4607.25)
   NIFTY 27 Sep 2018 CE 12000.00   -1200 32.45 (38938.92) 11.20 (13440.00) 25498.92
   NIFTY 27 Sep 2018 PE 11200.00   -300 36.44 (10932.78) 37.75 (11325.00) (392.22)
   NIFTY 27 Sep 2018 PE 12000.00   -1200 305.46 (366546.84) 441.75 (530100.00) (163553.16)

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.

 

 

3 comments found

  1. Hi Jegan, I was watching your YouTube video and I was trying to understand the option trading for this week form Monday to till this week expiry.
    I had prepared few data points after going through BNF Options chain for my academic understanding only not for trading.
    The details are BNF SPOT is 27481 and the Market range is between 27000 to 28000
    The support is at 27150 and the resistance is at 28000
    Currently BNF trend is consolidating and Uptrend,
    Trade Plan is to SELL 27300PE @ Rs.78 & 27200 PE @ Rs.54, SELL 28000 CE @ Rs.15 & 2780 CE @ Rs.39
    The trading plan which i made is correct or not? if its yes then what is this strategy is called? I think its called SHORT STRANGLE? incase if a am wrong pls suggest me with correct trade plan for the current week BNF expiry.

  2. Karthick, One can adjust bull call Spread as follows:- a.If the index or stock is expected to move further than the Strike price of Shorted Call, then one can Buy to close the short position and then Sell another further out of money call b.If the rise is very strong , one can buy the short positions and leave the Long Call options alone making it Naked Call long, but it has to be monitored without overnight positions-for intraday only c. If the index or stock is expected to decline after reaching or close to reaching the short strike price, one can close the long call position and buy further out of money to make it a (bear call spread a possibility of decline in the underlying with protection ) please suggest anything further on this if you know and let it be simple for everyone to understand
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