Nifty is at all-time high. VIX comes down. Aggregate long added. Pain up, still positivity continues. Time to sell more PE and far CE in June

Time:​​ 9:05 am VIX:​​ 17.40​​ SGX Nifty:​​ ​​ 15420​​ FII:​​ +914​​ DII:​​ +1275

 

Option Data Analysis (Jun)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 CE

Nifty

15150

1.52

14000

16000

15000 (23%)

16000 (30%)

Banknifty

35000

0.82

33000

40000

33000 (33%)

36000 (57%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

24-Jun-21

15,478.00

90.85

0.59%

10,394,850

525,825

5.33%

BANKNIFTY

24-Jun-21

35,394.05

85.40

0.24%

1,745,000

27,775

1.62%

 

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

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

  • FII is in sell mode.​​ 

  • Highest PE is at 14000 and highest CE is at 16000.

  • PEs are added at 15000 and CEs are added at 16000.

  • More number of PEs are added than CEs.

  • Max pain is at 15000 (up by 150 points)

  • PCR is not changing.

  • Net future Position is in neutral​​ 

  • Time to sell only PE.

 

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

 

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

  • Highest PE is at 33000 and Highest CE is at 40000

  • PEs are sold at 33000 and CEs are sold at 36000.

  • More number of CEs​​ have been added than PEs.

  • Max Pain is at 35000 (Up by 500 points)

  • PCR is not changing.

  • Net future position is in neutral.​​ 

  • Time to sell PE

 

Executed Trades

  • Did intraday Trading and made a profit of 78k

Trading Plan

  • Will do intraday trading in​​ Banknifty

 

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.