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Banknifty is under pressure with short and declining max pain. Nifty may go flat. Can do call ratio spread in Nifty & Banknifty

Time: 8:50 am  ​​ VIX:​​ 39.45 ​​ ​​ SGX Nifty: ​​ 8915​​  ​​ ​​​​ FII:​​ -1328 Cr ​​ ​​ ​​​​ DII:​​ +1660

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

9200

0.98

9000

10000

8700 (25%)

9300 (68%)

Banknifty

18500

0.64

17500

20000

17500 (137%)

20000 (24%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

High
Low

Average
Price

Open Interest

Change in OI

Change (%)

Vol. Shares
Prev. Volume

% Change

NIFTY

28-May-20

8,892.00

66.15

0.75%

9,034.80
8,852.60

8,940.54

7,889,175

37,425

0.48%

22,458,450
21,513,300

4.39%

BANKNIFTY

28-May-20

17,438.00

-93.60

-0.53%

18,165.00
17,318.00

17,721.33

1,374,860

-25,300

-1.81%

9,243,600
8,599,780

7.49%

​​ 

Nifty​​ (Over all FNO Position:​​ Range-bound with negative bias)

 

  • Global market is​​ negative​​ and SGX nifty is​​ flat.

  • FII is in sell mode

  • Highest PE is at 9000 and highest CE is at 10000.

  • PEs are added at​​ 8700​​ and CEs are added at​​ 9300

  • More number of CEs are added than PEs

  • MAX Pain is at 9200 (no change)

  • PCR is​​ no changing

  • Net future Position is in​​ neutral

  • Time to sell call ratio

 

Banknifty​​ (Over all FNO Position:​​ Bearish)

 

  • ICICI Bank is down and HDFC Bank is​​ down​​ in USA.

  • Highest PE is at​​ 17500​​ and Highest CE is at​​ 20000.

  • PEs are sold at​​ 17500​​ and CEs are sold at​​ 20000.

  • More number of CEs have been added than PEs

  • Max Pain is at​​ 18500​​ (down by 500 points)

  • PCR is not changing

  • Net future position is in short​​ 

  • Time to sell call ratio with hedge

 

Executed Trades

  • Rolled down all CEs

 

Trading Plan

  • Will Manage the position

 

Open Positions

 

 

 

 

 

 

 

 

 

 

 

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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