Huge shorts added in Nifty and profit booking in Banknifty. Max Pain came to 9900. Time for call ratio

Time: 8:03​​ am  ​​ VIX:​​ 29.66 ​​​​ ​​ SGX Nifty: ​​ 9641​​ FII:​​ -805​​ Cr​​ DII:​​ -874Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

9900

1.39

9000

10500

9300​​ (17%)

10000​​ (17%)

Banknifty

20000

1.00

20000

22000

20000​​ (15%)

21000​​ (62%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

25-Jun-20

9,897.00

-221.70

-2.19%

10,898,175

433,500

4.14%

BANKNIFTY

25-Jun-20

20,516.60

-602.80

-2.85%

1,602,500

-100,880

-5.92%

Nifty​​ (Over all FNO Position:​​ Bearish)

 

  • Global market is down and SGX nifty is down.

  • FII is in sell mode

  • Highest PE is at 9000 and highest CE is at​​ 10000.

  • PEs are added at​​ 9300​​ and CEs are added at​​ 10000

  • More number of CEs are added than PEs

  • MAX Pain is at​​ 9900​​ (down by 100 points)

  • PCR is not changing much

  • Net future Position is​​ short

  • Time​​ for call ratio

 

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

 

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

  • Highest PE is at​​ 20000​​ and Highest CE​​ is at 22000.

  • PEs are sold at​​ 20000​​ and CEs are sold at 21000.

  • More number of CEs have been added than PEs

  • Max Pain is at 20000 (no change)

  • PCR​​ is decreasing

  • Net future position is​​ profit booking

  • Time to create​​ call ratio

 

Executed Trades

  • Rolled down CEs & Pes.

  • Center point for my butterfly is 9900

 

Trading Plan

  • Will Manage June Butterfly

 

Open Positions

 

 

 

 

 

 

 

 

 

 

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.