Huge short created in Banknifty than Nifty. Good resistance at 10500. Time to sell call ratio
Time: 8:05 am VIX: 29.58 SGX Nifty: 10175 FII: +1767 Cr DII: -1525 Cr
Option Data Analysis
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 10200 | 1.09 | 10000 | 10500 | 10100 (18%) | 10550 (199%) | ||||
Banknifty | 21500 | 0.67 | 21000 | 23000 | 20800 (18%) | 22500 (116%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
30-Jul-20 | 10,288.95 | -162.50 | -1.55% | 7,493,100 | 2,758,800 | 58.27% | |
30-Jul-20 | 21,378.85 | -902.15 | -4.05% | 894,475 | 364,125 | 68.66% |
Nifty (Over all FNO Position: Bearish)
Global market is down and SGX nifty is down.
FII is in buy mode
Highest PE is at 10000 and highest CE is at 10500.
PEs are added at 10100 and CEs are added at 10550
More number of CEs are added than PEs
MAX Pain is at 10200 (down by 50 points)
PCR is decreasing
Net future Position is in short
Better to sell call ratio
Banknifty (Over all FNO Position: Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 21000 and Highest CE is at 23000.
PEs are sold at 20800 and CEs are sold at 22500.
More number of CEs have been added than PEs
Max Pain is at 21500 (down by 200 points)
PCR is decreasing
Net future position is in short
Better to sell call ratio
Executed Trades
Created put butterfly at 10500.
Trading Plan
Shor straddle and butterfly
Open Positions Refer yesterday post for positions. Could not pull today | ||||||||
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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.
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