Good long position is added in future though option data looks weak. Though it looks positive, avoid trading today

Time: 8:30​​ am  ​​ VIX:​​ 18.90 ​​​​ SGX Nifty:​​ ​​ 10883​​ ​​ FII:​​ +423​​ Cr ​​​​ DII:​​ ​​ +67​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

10800

0.96

10400

11000

-

10950 (73%)

Banknifty (M)

27000

0.90

26500

27200

27100 (25%)

27200 (72%)

 

Future & Volume Analysis (Nifty &​​ Banknifty stocks)

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

High Delivery Volumes

Ultratech, Auto, LT, Axis, UPL, Maruti, TCS, HCL​​ 

Wipro, Hindalco, Yes, Zeel, Finserv, NTPC, ICICI, HDFC

Infratel, Titan, ITC

Asian Paint, SBI, MM, Coal India, Sun Pharma, RIL, Cipla

 

 

Nifty​​ (Over all FNO Position: Neutral with​​ positive​​ bias)

 

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

FII is in buy side

Highest PE is at 10400 and highest CE is at 11000.

PEs are added nowhere​​ and​​ CEs are added at​​ 10950

More number of CEs have been added than PEs

MAX Pain is at 10800 (no change)

PCR is decreasing

Net future Position is in​​ long

Time to avoid​​ trading

 

Banknifty​​ (Over all FNO Position: Neutral with​​ positve​​ bias)

 

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

Highest PE is at 26500 and Highest CE is at 27500.

PEs are sold at​​ 26100​​ and CEs are sold at​​ 27200.

More number of CEs have been added than PEs

Max Pain is at 27000 (no change)

PCR is decreasing

Net future positions is​​ long

Better to avoid trading

 

Executed Trades

  • Done nothing

 

Trading Plan

  • Will do nothing

 

Open Positions (No 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.

 

 

2 comments found

  1. This expiry was very tricky. Excellent decision based on Futures OI and Option data to not do trading on this expiry.

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