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FNO data still looks weak, but global cues look positive. High OI in PE is still @ 9000. Sell options based on today close value (above or below 9000)

Time: 8:50​​ am  ​​ VIX:​​ 40.90 ​​ ​​ SGX Nifty: ​​ 8972​​  ​​ ​​​​ FII:​​ -2513​​ Cr ​​ ​​ ​​​​ DII:​​ -152

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

9200

0.98

9000

10000

8200 (10%)

9000 (49%)

Banknifty

19000

0.64

19000

19000

16500 (92%)

18000 (824%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

High
Low

Average
Price

Open Interest

Change in OI

Change (%)

Vol. Shares
Prev. Volume

% Change

NIFTY

28-May-20

8,827.00

-310.10

-3.39%

9,138.70
8,811.05

8,905.10

9,022,275

1,343,925

17.50%

21,513,300
15,799,800

36.16%

BANKNIFTY

28-May-20

17,589.65

-1,218.05

-6.48%

18,711.10
17,458.30

17,791.51

1,470,660

168,820

12.97%

8,599,780
5,888,720

46.04%

​​ 

Nifty​​ (Over all FNO Position: Bearish)

 

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

  • FII is in sell mode

  • Highest PE is at 9000 and highest CE is at 10000.

  • PEs are added at 8200 and CEs are added at 9000

  • More number of CEs are added than PEs

  • MAX Pain is at 9200 (down by 100 points)

  • PCR is coming down

  • Net future Position is in short

  • Time to sell call ratio

 

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

 

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

  • Highest PE is at 19000 and Highest CE is at​​ 19000.

  • PEs are sold at 16500 and CEs are sold at 18000.

  • More number of CEs have been added than PEs

  • Max Pain is at 19000 (no change)

  • PCR is not changing

  • Net future position is in short​​ 

  • Time to sell call ratio with hedge

 

Executed Trades

  • Sold Many CEs in May Month

  • Sold 9100 CE in current Week

 

Trading Plan

  • Will Manage the position

 

Open Positions

 

 

 

 

 

 

 

 

 

 

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.

 

 

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