There is not much delivery volume. Play with selling PE than going long.

There is not much delivery volume. Play with selling PE than going long.

Time: 5:40 am
Banknifty
·                    
FII keeps selling private sector bank.
·                    
However HDFC bank stands good among this bearishness.
·                    
Midcap banking stocks are highly volatile now.
·                    
Some of them are in short side and remaining of them is in long
side.
·                    
Both ICICI and HDFC bank are down in US.
·                    
Leaving us with mixed feeling.
·                    
Market is looking for breakout and expecting to happen next
year.
·                    
Not a time to take directional view. Sell limited quantities of
CE and PE in both sides.
Nifty
·                    
INFY, HDFC Bank and ITC are looking good. All are index heavy
weight stocks.
·                    
ITC has formed bullish divergence with decent volume and trying
to breakout the resistance.
·                    
Buy ITC above 237 with SL 220. I have attached the chart. I am planning to
buy in cash market.
·                    
However today is expiry day. Market can move violently.
·                    
Nifty is creating foundation and trying to come up.
·                    
Safe to sell 7600 PE in next month.
·                    
Till we get very good news from Gov, market may not move significantly.
·                    
Retail investors will jump into market when it goes above 200
DMA.
My Position & Trading Plan
·                    
Huge margin is blocked each time I hedge SBI long positions with
multiple CEs.
·                    
Sold out more CEs and Pes for today expiry.
·                    
Left market for a while and market came down in noon.
·                    
Booked minimal loss in PE.
·                    
Squared off 18000 PE to be safer.
·                    
Not much plan today other expiry trading.
·                    
Will sell CE and PE in both sides slowly.
Product
Instrument
Qty.
Avg. price
LTP
P&L
Chg.
NRML
BANKNIFTY16DEC18300CE NFO
-200
8.15
1.80
+1270.00
-77.91%
NRML
BANKNIFTY16DEC18400CE NFO
-200
4.00
1.10
+580.00
-72.50%
NRML
BANKNIFTY17JAN16500PE NFO
-200
49.24
47.00
+448.00
-4.55%
NRML
BANKNIFTY17JAN18800CE NFO
-80
47.00
55.00
-640.00
+17.02%
NRML
USDINR17JAN69.5CE CDS
-5
0.0600
0.0750
-75.00
+25.00%
NRML
BANKNIFTY16DEC17600PE NFO
0
0.00
10.35
-1554.00
NA
NRML
BANKNIFTY16DEC17700PE NFO
0
0.00
19.00
-2332.00
NA
NRML
BANKNIFTY17JAN18000PE NFO
0
0.00
385.00
+32.00
NA
NRML
BANKNIFTY17JAN19000CE NFO
0
0.00
36.90
+118.00
NA
NRML
CRUDEOILM17JANFUT MCX
0
0.00
3,703.00
-2140.00
NA
TOTAL
-4,293

 

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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