Aggressively Longs are getting added with same Max Pain & More PEs are added.Range-bound. Create Twisted Sister

Time VIX SGX Nifty FII DII
05 September 2019 08:31:48 17.235 10877.5 -1738 1305

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 10850 0.68 10800 11000 10700 10800
Banknifty 27100 0.73 26500 27500 26500 27600

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 26-Sep-19 10878.35 41.95 0.39% 17217000 -595800 -3.34%
BANKNIFTY 26-Sep-19 27190.00 316.50 1.18% 1564860 -80900 -4.92%

 

Nifty. (Over all FNO Position: Range-bound)
SGX Nifty is flat and Global market is up
FII is in Sell side
Highest OI in PE is at 10800 and Highest OI in CE is at 11000
PEs are sold at 10700 and CEs are sold at 10800
More number of PEs have been added than CEs
Max Pain is at 10850 (Down by 50)
PCR value is increasing
Net Future Position : Short Covering
Preferred Strategy: Create Twisted Sister

 

Banknifty. (Over all FNO Position: Range-bound)
HDFC Bank is 0.31% up & ICICI Bank is 0.84% up in USA
Highest OI in PE is at 26500 and Highest OI in CE is at 27500
PEs are sold at 26500 and CEs are sold at 27600
More number of PEs have been added than CEs
Max Pain is at 27100 (Up by 100)
PCR value is increasing
Net Future Position : Short Covering
Preferred Strategy: Create Twisted Sister

Executed Trades

Link to Yesterday Trade logs

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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