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

Time VIX SGX Nifty FII DII
04 October 2019 08:54:30 17.7025 11387.0 -811 863

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11350 0.82 11300 11400 11300 11350
Banknifty 28500 0.68 28000 28500 28400 28500

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 31-Oct-19 11361.80 -68.05 -0.60% 15838350 0 0.00%
BANKNIFTY 31-Oct-19 28570.85 -303.80 -1.05% 1586560 0 0.00%

 

Nifty. (Over all FNO Position: Bearish )
SGX Nifty is 0.25 Up and Global market is down
FII is in Sell side
Highest OI in PE is moved to 11300 and Highest OI in CE is moved down to 11400
PEs are sold at 11300 and CEs are sold at 11350
More number of PEs have been added than CEs
Max Pain is at 11350 (Down by 50)
PCR value is increasing
Net Future Position : Bit Profit Booking
Preferred Strategy: Sell OTM CE

 

Banknifty. (Over all FNO Position: Bearish )
HDFC Bank is 2.04% up & ICICI Bank is 0.76% up in USA
Highest OI in PE is at 28000 and Highest OI in CE is moved down to 28500
PEs are sold at 28400 and CEs are sold at 28500
More number of CEs have been added than PEs
Max Pain is at 28500 (Down by 500)
PCR value is increasing
Net Future Position : Bit Profit Booking
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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