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

PE

CE

Highest Increase in OI

PE

  CE

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
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

29-Apr-21

15,276.00

73.15

0.48%

1,551,450

124,950

8.76%

BANKNIFTY

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

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.

 

https://www.capitalzone.in