Still FNO senses mild negativity though market went up. It is better to avoid taking positions in this month or shift to next month

Time: 8:45 am  ​​ VIX:​​ 17.16 ​​​​ SGX Nifty:​​ ​​ 10883​​ ​​ FII:​​ +1674​​ Cr ​​​​ DII:​​ ​​ -720​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

10800

1.07

10400

11000

10300 (27%)

11000 (12%)

Banknifty (M)

27000

1.11

26500

27500

26300 (193%)

27100 (91%)

 

Future &​​ Volume Analysis (Nifty & Banknifty stocks)

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

High Delivery Volumes

Zeel, Auto, Tamo, IOC, Yes, Wipro, Axis​​ 

RIL, Sun Pharma, HDFC Bank

HPCL, Adani, ICICI, INFY, HDFC, HCL, Titan

NTPC, Infratel, Coal India, MM, Ultratech, HUL, TCS, Finserv, UPL, GAIL, Asain Paint, Cipla

 

 

Nifty​​ (Over all FNO Position:​​ Neutral with negative bias)

 

Global market is​​ positive and SGX nifty is flat

FII is in buy side

Highest PE is at​​ 10400​​ and highest CE is at 11000.

PEs are added at 10300 and CEs are added at 11000

More number of CEs have been added than PEs

MAX Pain is​​ at 10800 (no change)

Not much change in PCR

Net future Position is in neutral

Time to avoid or take twister sister in next month

 

Banknifty​​ (Over all FNO Position:​​ Neutral with negative bias)

 

ICICI Bank is​​ down​​ and HDFC Bank is​​ down​​ in USA.

Highest PE is at 26500 and Highest​​ CE is at 27500.

PEs are sold​​ at 26300 and CEs are sold at 27100.

More number of CEs have been added than PEs

Max Pain is at 27000 (no change)

Not much change in PCR

Net future positions is short

Better to avoid trading this month expect expiry

 

Executed Trades

  • Done nothing

 

Trading​​ Plan

  • Will do nothing

 

Open Positions (No positions)

 

 

 

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.