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Nifty unable to convince BankNifty, BankNifty is Still Rigid. Time for Call-Ratio

Time: 9:05 am  ​​ VIX:​​ 33.02 ​​ ​​ SGX Nifty: ​​ 9015​​  ​​​​ ​​ ​​ FII:​​ -258 Cr ​​ ​​ ​​​​ DII:​​ 401

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

9100

1.04

9000

10000

9000 (28.25%)

9100 (82.92%)

Banknifty

18000

0.69

17500

19000

17000 (2.06%)

 ​​ ​​​​ 19000 (52.05%)

 

Future & Analysis (Nifty & Banknifty stocks)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

High
Low

Average
Price

Open Interest

Change in OI

Change (%)

Vol. Shares
Prev. Volume

% Change

NIFTY

28-May-20

9,065.00

-1.65

-0.02%

9,169.70
9,046.15

9,107.42

7,511,325

-252,825

-3.26%

15,257,400
18,818,025

-18.92%

BANKNIFTY

28-May-20

17,630.00

-206.65

-1.16%

18,175.00
17,565.60

17,923.62

1,378,440

109,080

8.59%

6,853,440
8,037,500

-14.73%

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

 

  • Global market is down 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 9300 and CEs are added at 9500

  • More number of CEs are added than PEs

  • MAX Pain is at 9100 (down by 50 points)

  • PCR is decreasing

  • Net future Position is in Neutral

  • Market may go range bound with negative-bias, Time to sell Call-Ratio

 

Banknifty​​ (Over all FNO Position: Bearish)

 

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

  • Highest PE is at 17500 and Highest CE is at 19000.

  • PEs are sold at 17000 and CEs are sold at 19000.

  • More number of CEs have been added than PEs

  • Max Pain is at 18000 (Down by 500 points)

  • PCR is decreasing

  • Net future position is in Short

  • Time for​​ call-ratio

  • Bank Nifty is Bearish

 

Executed Trades

Managed ration-spread in May series. Exited all position with 4%.

Done Expiry with 50K MTM

Initiated June Series.

Trading Plan

  • Will Manage the position

 

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.

 

 

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