Bit long added with crawling max pain. Major support is at 15000. Highest CE (BNF) is shifted to 40K. Looks bullish. Time to sell more PE with hedge
Time: 8:18 am VIX: 20.75 SGX Nifty: 14391 FII: -16 DII: +448
Option Data Analysis (Apr)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 15000 | 2.35 | 14000 | 16000 | 14700(4690%) | 16000 (12%) | ||||
Banknifty | 35500 | 1.07 | 34300 | 40000 | 36000 (60%) | 40000 (12%) |
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
29-Apr-21 | 15,276.00 | 73.15 | 0.48% | 1,551,450 | 124,950 | 8.76% | |
29-Apr-21 | 36,100.15 | 88.70 | 0.25% | 798,900 | 33,650 | 4.40% |
Nifty (Over all FNO Position: Slightly Bullish)
Global market is up and SGX nifty is up
FII is in sell mode
Highest PE is at 14000 and highest CE is at 16000.
PEs are added at 14700 and CEs are added at 16000
More number of CEs are added than PEs
Max pain is at 15000 (Up by 100 points)
PCR is not changing
Net future Position is in neutral
Time to sell PE with hedge
Banknifty (Over all FNO Position: Range-bound with positive bias)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 34300 and Highest CE is at 40000
PEs are sold at 36000 and CEs are sold at 40000
More number of CEs have been added than PEs
Max Pain is at 35500 (No change in Max pain)
PCR is not changing
Net future position is in neutral
Time to sell more CE and less PE with hedge
Executed Trades
Nothing
Trading Plan
No plan
My Position (NIL)

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.
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