No change in FNO data. Nifty would be in tight range between 14500-15000. Banknifty looks weak. Time for range-bound strategies in Apr
Time: 7:40 am VIX: 20.84 SGX Nifty: 14757 FII: -1093 DII: +417
Option Data Analysis (Apr)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| |||||||
Nifty | 14700 | 1.62 | 14000 | 15000 | 13500 (2%) | 15100 (18%) | |||||
Banknifty | 33500 | 0.81 | 30000 | 40000 | 32000 (33%) | 33500 (38%) | |||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg (Rs) | Chg | Open Interest | ||
29-Apr-21 | 14,765.00 | 66.55 | 0.45% | 10,702,125 | -42,525 | -0.40% | |
29-Apr-21 | 32,711.15 | -106.00 | -0.32% | 2,013,975 | -7,450 | -0.37% |
Nifty (Over all FNO Position: Range-bound)
Global market is flat and SGX nifty is flat
FII is in sell mode
Highest PE is at 14000 and highest CE is at 15000.
PEs are added at 13500 and CEs are added at 15100
More number of CEs are added than PEs
Max pain is at 14700 (No Change in Max Pain)
PCR is not changing
Net future Position is in Neutral
Time to sell more PE and less CE
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 30000 and Highest CE is at 40000
PEs are sold at 32000 and CEs are sold at 33500
More number of CEs have been added than PEs
Max Pain is at 33500 (No change in Max Pain)
PCR is not changing
Net future position is in Neutral
Time to sell more PE and less CEs
Executed Trades
Taken some strategies for R & D
Trading Plan
No chance done in other positional
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.
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