Aggressively Longs are getting added with Max Pain moving up & More PEs are added. Sell more PE with hedge in Nifty and Banknifty

Time VIX SGX Nifty FII DII
28 August 2019 08:53:24 16.01 11118.0 -924 1163

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11100 1.13 11000 11200 11000 11300
Banknifty 28000 1.03 27500 29000 28000 28500

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 29-Aug-19 11117.70 63.50 0.57% 15116550 0 0.00%
BANKNIFTY 29-Aug-19 28142.25 220.75 0.79% 1347980 0 0.00%

 

Nifty. (Over all FNO Position: Slightly bullish)
SGX Nifty is flat and Global market is down
FII is in Sell side
Highest OI in PE is moved to 11000 and Highest OI in CE is moved to 11200
PEs are sold at 11000 and CEs are sold at 11300
More number of PEs have been added than CEs
Max Pain is at 11100 (Up by 100)
PCR value is increasing
Net Future Position : Short Covering
Preferred Strategy: Sell PE with hedge

 

Banknifty. (Over all FNO Position: Range-bound)
HDFC Bank is 0.93% up & ICICI Bank is 2.04% up in USA
Highest OI in PE is moved to 27500 and Highest OI in CE is moved to 29000
PEs are sold at 28000 and CEs are sold at 28500
More number of PEs have been added than CEs
Max Pain is at 28000 (Up by 600)
PCR value is increasing
Net Future Position : Short Covering
Preferred Strategy: Sell PE with hedge

Executed Trades

Sold 10900 PE and bought 10600 PE

Sold 11300 CE


Trading Plan

Will Create Twisted Sister (Nifty)
Will Create Twisted Sister (Banknifty)

Open Position

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 РActive 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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