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No speculations in future with Max Pain moving down & Bit volume of CEs area added.Slightly Bearish. Sell far OTM CE

Time VIX SGX Nifty FII DII
11 October 2019 08:36:10 17.2275 11301.5 -263 503

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11250 0.89 11200 11300 11150 11250
Banknifty 28100 0.74 28000 28500 27800 28500

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 31-Oct-19 11258.8 -88.90 -0.78% 14564775 14100 0.10%
BANKNIFTY 31-Oct-19 28170.2 -703.85 -2.44% 1509280 157360 11.64%

 

Nifty. (Over all FNO Position: Slightly Bearish)
SGX Nifty is 0.36 Up and Global market is up
FII is in Sell side
Highest OI in PE is moved to 11200 and Highest OI in CE is moved down to 11300
PEs are sold at 11150 and CEs are sold at 11250
More number of CEs have been added than PEs
Max Pain is at 11250 (Down by 50)
PCR value is not changing much
Net Future Position : Bit Short Build Up
Preferred Strategy: Sell far OTM CE

 

Banknifty. (Over all FNO Position: Bearish )
HDFC Bank is -0.63% down & ICICI Bank is -0.75% down in USA
Highest OI in PE is at 28000 and Highest OI in CE is moved down to 28500
PEs are sold at 27800 and CEs are sold at 28500
More number of CEs have been added than PEs
Max Pain is at 28100 (Down by 400)
PCR value is not changing much
Net Future Position : Short Build Up
Preferred Strategy: Sell OTM CE

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 РActive 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.

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