Huge short is added with moving down max pain. ICICI bank holds banknifty, but Nifty plans to drag down. Time to sell CE

​​ Time:​​ 8:40​​ am  ​​ VIX:​​ 13.06 ​​​​ SGX Nifty:​​ ​​ 11236​​ ​​ FII:​​ -704 Cr ​​​​ DII: +1352 Cr

 

Option Data Analysis (Weekly)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11200

0.59

11200

11300

11100

11300

Banknifty

29300

0.89

29000

29500

28900

29500

 

Future Data Analysis

 

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

High
Low

Average
Price

Open Interest

Change in OI

Change (%)

Vol. Shares
Prev. Volume

% Change

NIFTY

29-Aug-19

11,225.40

-101.60

-0.90%

11,325.00
11,175.25

11,230.13

18,008,700

1,145,925

6.80%

9,577,800
8,732,850

9.68%

BANKNIFTY

29-Aug-19

29,381.30

-84.35

-0.29%

29,680.00
29,196.00

29,367.12

1,512,780

131,680

9.53%

2,615,740
2,488,940

5.09%

 

 

Nifty​​ (Over all FNO Position: Bearish)

 

Global market is yp and SGX nifty is up

FII is in sell side

Highest PE is at 11200 and highest CE is at 11300

PEs are added at 11100 and CEs are removed at 11300

More number of CEs have been added than PE

MAX​​ Pain is at 11200 (down by 100 points)​​ 

PCR is coming down

Net future Position is in short

Time to sell CE

 

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

 

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

Highest PE is at 29000 and Highest CE is at 29500.

PEs are sold at 28900 and CEs are sold at 29500

More number of CEs have been added than PE

Max Pain is at 29300 (up by 100 points)

PCR is decreasing

Net future Position is in short

Time to sell CE

 

Executed Trades

  • Done nothing

 

Trading Plan

  • Will try to​​ sell PE in Banknifty and CE in Nifty

 

Open Positions (NIL)

 

 

 

 

 

 

 

 

 

 

 

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.