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No speculations in future with Max Pain moving down & More CEs are added.Bearish . Sell OTM CE

Time VIX SGX Nifty FII DII
07 October 2019 08:12:03 17.58 11215.0 -683 606

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11300 0.55 11200 11500 10900 11300
Banknifty 28200 0.44 27000 30000 26500 29000

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 31-Oct-19 11215.15 -146.65 -1.29% 15480225 -358125 -2.26%
BANKNIFTY 31-Oct-19 27853.75 -717.10 -2.51% 1645520 58960 3.72%

 

Nifty. (Over all FNO Position: Bearish )
SGX Nifty is flat and Global market is up
FII is in Sell side
Highest OI in PE is moved down to 11200 and Highest OI in CE is moved to 11500
PEs are sold at 10900 and CEs are sold at 11300
More number of CEs have been added than PEs
Max Pain is at 11300 (Down by 50)
PCR value is not changing much
Net Future Position : Bit Profit Booking
Preferred Strategy: Sell OTM CE

 

Banknifty. (Over all FNO Position: Ultra Bearish)
HDFC Bank is -4.17% down & ICICI Bank is -2.18% down in USA
Highest OI in PE is moved down to 27000 and Highest OI in CE is moved to 30000
PEs are sold at 26500 and CEs are sold at 29000
More number of CEs have been added than PEs
Max Pain is at 28200 (Down by 300)
PCR value is lower than 0.5
Net Future Position : Bit Short Build Up
Preferred Strategy: Sell near 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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