Nifty is calm, but long is maintained in Banknifty. No change in max pain. Will lead to range-bound. Can initiate ratio spread in July

Time: 8:00​​ am  ​​ VIX:​​ 30.82 ​​​​ ​​ SGX Nifty: ​​ 9882​​ FII:​​ -1311​​ Cr​​ DII:​​ +1945​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

9900

1.37

9000

10500

9600​​ (7%)

9700​​ (170%)

Banknifty

20000

0.92

20000

22000

18500​​ (22%)

20500​​ (43%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Average
Price

Open Interest

Change in OI

Change (%)

NIFTY

25-Jun-20

9,937.80

43.25

0.44%

9,774.73

10,699,200

-198,975

-1.83%

BANKNIFTY

25-Jun-20

20,555.00

46.15

0.23%

20,103.21

1,846,740

244,240

15.24%

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

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

  • FII is in sell mode

  • Highest PE is at 9000 and highest CE is at 10000.

  • PEs are added at​​ 9600​​ and CEs are added at​​ 9700

  • More number of CEs are added than PEs

  • MAX Pain is at 9900​​ (no change)

  • PCR is not changing much

  • Net future Position is​​ neutral

  • Time for​​ range-bound strategies in July

 

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

 

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

  • Highest PE is at 20000 and Highest CE is at 22000.

  • PEs are sold at​​ 18500​​ and CEs are sold at​​ 20500.

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

  • Max Pain is at 20000 (no change)

  • PCR is decreasing

  • Net future position is profit booking

  • Time to sell more PEs and less CEs

 

Executed Trades

  • Initiated Ratio Spread in June

 

Trading Plan

  • Will Manage June​​ Butterfly

 

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.