More longs added to BNF, but not yet in Nifty. High OI shifted to 27000. BNF looks stronger than Nifty. Time to sell PE in Banknifty

Time: 6:45 am VIX:​​ 24.24​​ SGX Nifty:​​ ​​ 11800​​ FII:​​ +2274​​ DII:​​ -1101

 

Option Data Analysis (NOV)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11700

1.65

11000

12000

11800(222%)

12200 (51%)

Banknifty

24500

1.36

21000

27000

25500 (2509%)

27000 (40%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

26-Nov-20

11,825.80

144.25

1.23%

10,473,150

476,250

4.76%

BANKNIFTY

26-Nov-20

25,687.00

755.80

3.03%

1,924,225

154,400

8.72%


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

  • Global market is​​ flat​​ and SGX nifty is up

  • FII is in buy mode

  • Highest PE is at 11000 and highest CE is at 12000.

  • PEs are added at 11800 and CEs are added at 12200

  • More number of PEs are added than CEs

  • No Change in MAX pain

  • PCR is not changing

  • Net future Position is in​​ neutral

  • Good time to have ratio spread in Nov

 

Banknifty​​ (Over all FNO Position: Slightly Bullish)

 

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

  • Highest PE is at 21000 and Highest CE is at 27000.

  • PEs are sold at 25500 and CEs are sold at 27000.

  • More number of PEs have been added than CEs

  • Max pain increase by 300 points

  • PCR is not changing

  • Net future position is in long

  • Good time to sell PE with hedge

Executed Trades

  • No Trade

Trading Plan

  • No plan

 

My Position (No 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.