Nifty looks tired, but banknifty shows some strength now, but global market drag the market down. Time to wait & sell options in late evening

​​ Time:​​ 9:00​​ am  ​​ VIX:​​ 12.13 ​​​​ SGX Nifty:​​ ​​ 11305​​ ​​ FII:​​ -1503​​ Cr ​​​​ DII: +1918​​ Cr

 

Option Data Analysis (Weekly)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11300

0.89

11200

11400

11200

11300

Banknifty

29200

1.12

29000

30000

29000

30000

 

Future Data Analysis

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

Maruti, Yes

UPL, Airtel, VEDL

 

Hero, Bajaj Finserv, ZEEL, Bajaj Finance, MM, Tamo, ICICI

 

 

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

 

Global market is​​ down​​ and SGX nifty is​​ down

FII is in sell side

Highest PE is at​​ 11200​​ and highest CE is at 11400

PEs are added at 11150 and CEs are​​ removed at 11300

More number of​​ PEs have been added than​​ CE

MAX Pain is at 11300 (no change)​​ 

PCR is​​ not changing much

Net future Position is​​ in light long

Time to​​ create twisted sister

 

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

 

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

Highest PE is at 29000 and Highest CE is at​​ 30000.

PEs are sold at​​ 29000​​ and CEs are sold at​​ 30000

More number of CEs have been added than PE

Max Pain is at 29200 (up​​ by​​ 100 points)

PCR is​​ increasing

Net future Position is in bit​​ long

Time to​​ sell PE with protection

 

Executed Trades

  • Done nothing

 

Trading Plan

  • Will try to sell PE in Banknifty and CE in Nifty

 

Open Positions​​ (NIL)

 

 

 

 

 

 

 

 

 

 

 

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.