FNO data smells bullishness again with strong support at 13500. Long added in Nifty and BNF. Time to sell more PEs

Time: 8:45​​ am VIX:​​ 20.50​​ SGX Nifty:​​ ​​ 13720​​ FII:​​ +536​​ DII:​​ -1327

 

Option Data Analysis (Jan)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

13500

2.05

13000

13500

13200(27%)

13500 (14%)

Banknifty

29800

1.01

27000

31000

29000 (19%)

30000 (24%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

28-Jan-21

13,669.00

141.60

1.05%

2,533,200

294,375

13.15%

BANKNIFTY

28-Jan-21

30,016.80

295.35

0.99%

238,900

25,550

11.98%

 

Nifty​​ (Over all FNO​​ Position:​​ Bullish)

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

  • FII is in sell mode

  • Highest PE is at 13000 and highest CE is at 13500.

  • PEs are added at 13200 and CEs are added at 13500

  • More number of PEs are added than CEs

  • Max pain is at​​ 13500 (No change in Max pain)​​ 

  • PCR is coming down

  • Net future Position is in long

  • Time to sell​​ more PEs

 

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

 

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

  • Highest PE is at 27000 and Highest CE is at 31000

  • PEs are sold at 29000 and CEs are sold at 30000

  • More number of PEs have been added than CEs

  • Max Pain is at 29800 (Up by 100 points)

  • PCR is coming down

  • Net future position is in long​​ 

  • Time to sell more​​ PEs

 

Executed Trades

  • No Open positions

Trading Plan

  • No​​ plan to trade for few days

 

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.