Unwinding PE in Nifty & Banknifty still smells negativity. Surprisingly banknifty max pain comes down. Time for call ratio post lunch
Time: 8:35 am VIX: 15.45 SGX Nifty: 10821 FII: +6311 Cr DII: +839 Cr
Option Data Analysis
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 10800 | 1.09 | 10700 | 11000 | 10800 (14%) | 11100 (6%) | ||||
Banknifty (M) | 27100 | 1.03 | 26500 | 27500 | 26500 (18%) | 27000 (56%) | ||||
Future & Volume Analysis (Nifty & Banknifty stocks)
Long Build Up | Profit Booking | Short Build Up | Short Covering | High Delivery Volumes |
Hindalco, Maruti, ONGC, IOC, Axis, | HDFC Bank | Kotak, IBHF, RIL | HPCL, PGC, HCL, MM, JSW, Grasim |
|
Nifty (Over all FNO Position: Neutral with negative bias)
Global market is bit positive and SGX nifty is flat
FII is in buy side
Highest PE is at 10700 and highest CE is at 11000.
PEs are added at 10800 and CEs are added at 11100
More number of CEs have been added than PEs
MAX Pain is at 10800 (no change)
PCR is decreasing
Net future Position is in neutral
Time to initiate twisted sister for next month
Banknifty (Over all FNO Position: Slightly bearish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 26500 and Highest CE is at 27500.
PEs are sold at 26500 and CEs are sold at 27000.
More number of CEs have been added than PEs
Max Pain is at 27000 (down by 100 points)
PCR is going down
Net future positions is short
Can do call ratio
Executed Trades
Done nothing
Trading Plan
Will initiate call ratio in banknifty
Open Positions (No positions)
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