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

PE

 

CE

Highest Increase in OI

PE

 CE

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
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

26-Aug-21

15,861.75

175.50

1.12%

1,397,200

260,500

22.92%

BANKNIFTY

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.

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.