Huge shorts added in Nifty and Banknifty due to global cues. will go in downtrend below 15650. Looks weak. Time to sell CE

Time: 8:43​​ am VIX:​​ 12.68​​ SGX Nifty:​​ ​​ 15728​​ FII:​​ -2199​​ DII:​​ +1048

 

Option Data Analysis (Aug)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 CE

Nifty

15800

1.40

15000

16500

15000(23%)

16000 (21%)

Banknifty

35300

1.09

35000

37000

32000 (52%)

39500 (146%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

26-Aug-21

15,810.95

-167.10

-1.05%

994,200

115,750

13.18%

BANKNIFTY

26-Aug-21

35,339.90

-650.00

-1.81%

218,350

62,925

40.49%

 

Nifty​​ (Over all FNO Position: Bearish)

  • Global market is down​​ and SGX nifty is down.

  • FII is in buy mode.​​ 

  • Highest PE is at 15000 and highest CE is at 16500.

  • PEs are added at 15000 and CEs are added at 16000.

  • More number of CEs are added than PEs.

  • Max pain is at 15800 (Down by 100 points)

  • PCR is not changing.

  • Net​​ future Position is in short.​​ 

  • Time to sell CE in Aug

 

Banknifty​​ (Over all FNO Position: Bearish)

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

  • Highest PE is at 35000 and Highest CE is at 37000

  • PEs are sold at 32000 and CEs are sold at 39500.

  • More​​ number of CEs have been added than PEs.

  • Max Pain is at 35300 (Down by 500 points)

  • PCR is not changing.

  • Time for double calendar as VIX is low.

  • Net future Position is in short.

  • Time to​​ sell Ce in Aug

Executed Trades

  • Done Intraday Trading and made Profit of 80k.

  • Sold 36200 CE

 

Trading Plan

  • Will do intraday trading.

 

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.