FNO Data still looks weak as shorts added in Nifty & Banknifty, but global cues are strong, this SGX nifty is firm. Looks little weak. Time to sell CE in Aug
Time: 8:25 am VIX: 13.69 SGX Nifty: 15766 FII: -2275 DII: +921
Option Data Analysis (Aug)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| |||||||
Nifty | 15800 | 1.36 | 15000 | 16000 | 15700 (42%) | 15900 (30%) | |||||
Banknifty | 35000 | 1.08 | 35000 | 35000 | 33500 (30%) | 38500 (62%) | |||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
26-Aug-21 | 15,770.00 | -90.55 | -0.57% | 3,905,300 | 1,496,150 | 62.10% | |
26-Aug-21 | 34,934.55 | -145.95 | -0.42% | 857,525 | 240,775 | 39.04% |
Nifty (Over all FNO Position: Slightly Bearish)
Global market is up and SGX nifty is flat.
FII is in sell mode.
Highest PE is at 15000 and highest CE is at 16000.
PEs are added at 15700 and CEs are added at 15900.
More number of CEs are added than PEs.
Max pain is at 15800 (No change in Max Pain)
PCR is not changing
Net future Position is in short.
Time to sell CE in Aug
Banknifty (Over all FNO Position: Slightly Bearish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 35000 and Highest CE is at 35000
PEs are sold at 33500 and CEs are sold at 38500.
More number of CEs have been added than PEs.
Max Pain is at 35000 (No change in Max Pain)
PCR is not changing.
Time for double calendar as VIX is low.
Net future Position is in short.
Time to avoid as more banking results are there
Executed Trades
Done Intraday Trading and made profit of 20k
Sold 15900 CE
Sold 15500 PE with hedge
Trading Plan
Will do intraday trading.
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.