MaxPain moved down further with future short. Bears are ready to attack. Sell CE alone

Time: 8:40 am      VIX: 16.79      SGX Nifty:10735  FII:-973 Cr DII: +35
Option Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase in OI
PE
CE
Nifty
10800
1.08
10500
11000
10000 (15%)
11500 (31%)
Banknifty
27000
1.26
27500
27500
26500 (7%)
28000 (12%)
Future & Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
Infratel, Asian Paint, HUL, HCL
ONGC,
Wipro, HDFC Bank, VEDL
EM,
Hindalco, Tata Steel, MM, Hero, Maruti, Axis, TCS, LT,Ultratech, Cipla,
Grasim, SBI, HDFC, ICICI, JSW, TechM,
INFY
PGC
Nifty (Over all FNO Position: Slightly Bearish)
· Global market is mixed and SGX nifty
is slightly positive.
·
FII is in sell mode
·
Highest PE is at 10500 and highest CE
is at 11200.
·
PEs are added at 10500 and CEs are
added at 11500
·
More number of CEs have been added than
PEs
·
MAX Pain is at 10850 (50 points down)
·
PCR is bullish
·
Net future Position is in short
·
Time for sell CE Or Elite+
Banknifty (Over all FNO Position: Neutral with negative bias)
·
ICICI Bank is up and HDFC Bank is up
in USA.
·
Highest PE is at 27500 and Highest CE
is at 27000.
·
PEs are sold at 27500 and CEs are
sold at 27500.
·
More number of PEs have been added
than CEs
·
Max Pain is at 27000 (down by 200
points)
·
PCR is bullish
·
Net future positions is in neutral
·
Time to do short strangle in intraday
Executed Trades
ü
Done expiry trading and made profit
of 1L
Trading Plan
ü
Will sell CE
Open Positions (Nothing)

 

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.

 

 

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