Maxpain comes down, but no speculation in future. Time to sell CE

Time: 9:00 am   VIX: 15.75  SGX Nifty:  10612  FII: -577 Cr    DII:   +186
Option Data
Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase in OI
PE
          CE
Nifty
10700
1.03
10000
11000
10000 (15%)
10700 (121%)
Banknifty
26800
0.74
26500
27500
26400 (62%)
27000 (60%)
          
Future
& Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
GAIL
Nifty
(Over all FNO Position: Neutral)
·
Global market is down and SGX nifty
is down.
·
FII is in sell mode
·
Highest PE is at 10000 and highest CE
is at 11000.
·
PEs are added at 10000 and CEs are
added at 10700
·
More number of CEs have been added than
CEs
·
MAX Pain is at 10700 (150 points down)
·
PCR is neutral
·
Net future Position is in neutral
·
Time to stay away
Banknifty (Over all FNO Position: Neutral with negative bias)
·
ICICI Bank is up and HDFC Bank is down
in USA.
·
Highest PE is at 27000 and Highest CE
is at 27500.
·
PEs are sold at 27000 and CEs are
sold at 27500.
·
More number of CEs have been added
than PEs
·
Max Pain is at 26900 (300 points)
·
PCR is bullish
·
Net future positions is in long
·
Time to sell CE
Executed Trades
ü
Sold 27500 and 11000 CE
Trading Plan
ü
Will do call ratio in Nifty and
banknifty
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.

 

 

Leave comment

Your email address will not be published. Required fields are marked with *.