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Huge Longs are added with Max Pain moving up & More PEs are added.Bullish. Sell OTM PE with hedge

Time VIX SGX Nifty FII DII
10 October 2019 08:03:56 17.155 11285.5 -485 956

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11300 1.08 11000 11500 11250 11450
Banknifty 28500 1.16 28000 30000 28000 28900

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 31-Oct-19 11363.0 201.00 1.80% 14550675 -974175 -6.27%
BANKNIFTY 31-Oct-19 28894.6 1023.05 3.67% 1351920 -89140 -6.19%

 

Nifty. (Over all FNO Position: Bullish)
SGX Nifty is down-0.46 Down and Global market is up
FII is in Sell side
Highest OI in PE is at 11000 and Highest OI in CE is at 11500
PEs are sold at 11250 and CEs are sold at 11450
More number of PEs have been added than CEs
Max Pain is at 11300 (Up by 100)
PCR value is increasing
Net Future Position : Short Covering
Preferred Strategy: Sell OTM PE with hedge

 

Banknifty. (Over all FNO Position: Bullish)
HDFC Bank is 1.52% up & ICICI Bank is 2.74% up in USA
Highest OI in PE is moved to 28000 and Highest OI in CE is moved to 30000
PEs are sold at 28000 and CEs are sold at 28900
More number of PEs have been added than CEs
Max Pain is at 28500 (Up by 500)
PCR value is increasing
Net Future Position : Short Covering
Preferred Strategy: Sell OTM PE with hedge

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 РActive 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.

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