Huge long added and FII are in buy side with heavy volume. Looks bullish. Time to sell PE in march. Better to avoid expiry trading or do less volume
Time: 8:05 am VIX: 24.17 SGX Nifty: 15094 FII: +28739 DII: +230
Option Data Analysis (Mar)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 14800 | 2.12 | 14000 | 16000 | 13000(11%) | 16500 (9%) | ||||
Banknifty | 35500 | 1.10 | 35000 | 37000 | 35000 (198%) | 37000 (48%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
25-Mar-21 | 15,043.80 | 280.95 | 1.90% | 6,325,425 | 1,772,250 | 38.92% | |
25-Mar-21 | 36,629.00 | 1,426.95 | 4.05% | 1,025,525 | 379,350 | 58.71% |
Nifty (Over all FNO Position: Bullish)
Global market is up and SGX nifty is up
FII is in sell mode
Highest PE is at 14000 and highest CE is at 16000.
PEs are added at 13000 and CEs are added at 16500
More number of PEs are added than CEs
Max pain is at 14800 (No change in Max pain)
PCR is not changing
Net future Position is in Long
Time to sell PE
Banknifty (Over all FNO Position: Bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 35000 and Highest CE is at 37000
PEs are sold at 35000 and CEs are sold at 37000
More number of PEs have been added than CEs
Max Pain is at 35500 (Down by 500 points)
PCR is not changing
Net future position is in long
Time to sell CE
Executed Trades
Done intraday made a profit of 10K
Bought 36500 CE 1:2 to defend 37000 CE
Bought call debit spread of 36200 & 36300 @ 24
Trading Plan
Will manage naked CE
Will initiate positions in March
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.