Long added to Nifty, but still Banknifty is in short-covering mode. However sentiment changes to positive. Looks mildly positive. Time to sell more PE and less CE
Time: 7:55 am VIX: 22.04 SGX Nifty: 14845 FII: +1223 DII: -633
Option Data Analysis (May)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| |||||||
Nifty | 14600 | 1.50 | 14000 | 15000 | 14200 (23%) | 14700 (29%) | |||||
Banknifty | 33000 | 1.18 | 28000 | 37000 | 28000 (10%) | 36000 (12%) |
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
27-May-21 | 14,781.00 | 101.90 | 0.69% | 11,588,850 | 724,275 | 6.67% | |
27-May-21 | 33,011.30 | 37.65 | 0.11% | 1,433,350 | -70,875 | -4.71% |
Nifty (Over all FNO Position: Range-bound)
Global market is up and SGX nifty is up.
FII is in sell mode.
Highest PE is at 14000 and highest CE is at 15000.
PEs are added at 14200 and CEs are added at 14700.
More number of CEs are added than PEs.
Max pain is at 14600 (No change in Max Pain)
PCR is not changing.
Net future Position is in neutral.
Time to sell more CE.
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 28000 and Highest CE is at 37000
PEs are sold at 28000 and CEs are sold at 36000.
More number of PEs have been added than CEs.
Max Pain is at 33000 (No change in Max Pain)
PCR is not changing.
Net future position is in neutral.
Time to sell more CE.
Executed Trades
Exited put butterfly with 1L Profit.
Done only BN and made a profit of 5L+
Trading Plan
Will do nothing
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.
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