Nifty looks bullish, but banknifty looks tired. FNO data looks positive. Can do double calendar in Nifty as VIX is ultra low.
Time: 8:43 am VIX: 11.89 SGX Nifty: 15834 FII: -247 DII: +943
Option Data Analysis (Aug)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| |||||||
Nifty | 15800 | 1.36 | 15000 | 16000 | 15800(30%) | 16300 (30%) | |||||
Banknifty | 34900 | 0.69 | 33500 | 36000 | 33500 (16%) | 36500 (30%) |
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
26-Aug-21 | 15,861.75 | 175.50 | 1.12% | 1,397,200 | 260,500 | 22.92% | |
26-Aug-21 | 34,886.75 | 246.30 | 0.71% | 359,250 | 50,525 | 16.37% |
Nifty (Over all FNO Position: Slightly Bullish)
Global market is mixed and SGX nifty is flat.
FII is in buy mode.
Highest PE is at 15000 and highest CE is at 16000.
PEs are added at 15800 and CEs are added at 16300.
More number of PEs are added than CEs.
Max pain is at 15800 (No change in max pain)
PCR is not changing.
Net future Position is in Long.
Time to sell CE in Aug
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is down in USA.
Highest PE is at 33500 and Highest CE is at 36000
PEs are sold at 33500 and CEs are sold at 36500.
More number of CEs have been added than PEs.
Max Pain is at 34900 (Down by 100 points)
PCR is not changing.
Time for double calendar as VIX is low.
Net future Position is in Long.
Time to sell Ce in Aug
Executed Trades
Done Expiry Trading and made Profit of 60K
Positional Profit 10k
Trading Plan
Will do intraday trading.
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.
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