FNO Data looks bearish, but global cues are good. Shorts added in BNF. Nifty is bearish below 15K. Can initiate Iron-Condor in Apr

Time:​​ 9:05​​ am VIX:​​ 21.71​​ SGX Nifty:​​ ​​ 15074​​ FII:​​ -942​​ DII:​​ +163

 

Option Data Analysis (Apr)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 CE

Nifty

15000

2.24

14000

16000

14000(6%)

13500 (265%)

Banknifty

35500

0.96

34300

38000

34000 (31%)

37000 (53%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

29-Apr-21

15,107.15

-172.45

-1.13%

1,695,075

153,150

9.93%

BANKNIFTY

29-Apr-21

35,575.00

-557.65

-1.54%

903,350

103,500

12.94%

 

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

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

  • FII is in sell mode​​ 

  • Highest PE is at 14000 and highest CE is at 16000.

  • PEs are added at 14000 and CEs are added at 13500

  • More number of CEs are added than PEs

  • Max pain is at 15000 (no change in max pain)

  • PCR is not changing

  • Net future Position is in​​ short​​ 

  • Time to sell​​ CE

 

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

 

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

  • Highest PE is at 34300 and Highest CE is at 38000

  • PEs are sold at 34000 and​​ CEs are sold at 37000

  • 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 short

  • Time to sell more CE​​ 

 

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.

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