Axis is up by 10% which lead Banknifty. Main went up to 10800, but PE premium is strong, may consolidate positively

Time:​​ 8:05​​ am ​​ VIX:​​ 24.43 ​​​​ ​​ SGX Nifty: ​​ 11183​​ FII:​​ +2266 Cr​​ DII:​​ -727 Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

10800

1.79

10000

11500

11000 (83%)

11600 (100%)

Banknifty

22000

0.85

22000

23000

22000 (32%)

23500 (21%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Jul-20

11,176.75

168.15

1.53%

10,637,100

-131,400

-1.22%

BANKNIFTY

30-Jul-20

22,826.00

538.70

2.42%

1,547,900

51,025

3.41%

Nifty​​ (Over all FNO Position: Slightly Bullish)

  • Global market is​​ up and SGX nifty is up

  • FII is in buy mode

  • Highest PE is at 10000 and highest CE is at 11500.

  • PEs are added at 11000 and CEs are added at 11600

  • More number of PEs are added than CEs

  • MAX Pain is at 10800 (up by 100 points)

  • PCR is increasing

  • Net future​​ Position is in neutral

  • Good time to sell PE with hedge

 

Banknifty​​ (Over all FNO Position: Slightly Bullish)

 

  • ICICI Bank is up and HDFC Bank is up in USA.

  • Highest PE is at 22000 and Highest CE is at 23000.

  • PEs are sold at 22000 and CEs are sold at​​ 23500.

  • More number of PEs have been added than CEs

  • Max Pain is at 22000 (no change)

  • PCR is not changing much

  • Net future position is in long

  • Good time to sell PE with hedge

 

Executed Trades

 

  • Taken Diagonal Calendar Spread at 11100-11000 in July -Aug

 

Trading Plan

  • Will manage straddle, calendar and ratio spread

 

My 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 – 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.

 

 

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