Market is too tired bull run-up. FNO data senses range-bound market, but global market is weak. Looks negative today. Time to sell more CE

Time: 8:20​​ am VIX:​​ 14.41​​ SGX Nifty:​​ 17328​​ FII:​​ -803​​ DII:​​ 0

 

Option Data Analysis (Sep)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

17000

1.57

17000

17500

17000 (15%)​​ 

17800 (23%)

Banknifty

36300

1.08

35000

37000

35500 (15%)

37500 (31%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Sep-21

17,386.25

10.45

0.06%

15,111,550

131,750

0.88%

BANKNIFTY

30-Sep-21

36,941.00

355.05

0.97%

1,798,500

7,825

0.44%

 

Nifty​​ (Over all FNO Position: Range-bound)

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

  • FII is in sell mode.​​ 

  • Highest PE is at 17000 and highest CE is at 17500.

  • PEs are added at 17000 and CEs are added at 17800.

  • More number of PEs are added than CEs.

  • Max pain is at 17000 (No change in Max pain)

  • PCR is not​​ changing

  • Net future Position is in neutral

  • Time for chicken iron condor

 

Banknifty​​ (Over all FNO Position: Range-bound)

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

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

  • PEs are sold at 35500 and CEs are sold​​ at 37500.

  • More number of CEs have been added than PEs.

  • Max Pain is at 36300 (Up by 200 points)

  • PCR is not changing.

  • Net future Position is in neutral.

  • Time to have iron condor.

 

Executed Trades

  • Done intraday Trading and made profit of 35K

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.