Banknifty is weak and Nifty is positive. May go flat. Time to Sell PE in Nifty and CE in Banknifty

Time: 7:25 am ​​ VIX:​​ 24.64 ​​​​ ​​ SGX Nifty: ​​ 11171​​ FII:​​ +1741​​ Cr​​ DII:​​ -934​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11000

2.07

10000

11500

11000 (34%)

12000​​ (213%)

Banknifty

22500

1.17

22000

23000

22500 (72%)

24000 (35%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

27-Aug-20

11,226.50

110.55

0.99%

2,946,600

426,600

16.93%

BANKNIFTY

27-Aug-20

23,089.95

282.90

1.24%

285,825

83,300

41.13%

Nifty​​ (Over all FNO Position: Bullish)

  • Global market is​​ bit down​​ and​​ SGX nifty is bit​​ down

  • 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​​ 12000

  • More number of PEs are added than CEs

  • MAX Pain is at 11000 (up by 100 points)

  • PCR is increasing

  • Net​​ future Position is in long

  • Good time to sell PE with hedge

 

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

 

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

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

  • PEs are sold at 22500 and CEs are sold at​​ 24000.

  • More number of PEs have been added than CEs

  • Max Pain is at 22500 (on change)

  • PCR is​​ increasing

  • Net future position is in long

  • Good time to sell PE with hedge

 

 

Executed Trades

 

  • Done expiry trading and made a profit 0.33%

  • Closed Butterfly and Weekly Calendar with 6.5 profit per set

 

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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