Not much change in FNO, but positivity continues as max pain goes up. Looks range-bound with positive bias. Good time for iron condor

Time: 8:43​​ am VIX:​​ 15.65​​ SGX Nifty:​​ 17908​​ FII:​​ -64​​ DII:​​ -168

 

Option Data Analysis (Oct)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

17800

1.58

17000

18000

16000 (27%)​​ 

18200 (28%)

Banknifty

38000

1.04

38000

39000

37000 (36%)

39000 (19%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

28-Oct-21

17,913.00

104.85

0.59%

12,717,100

456,250

3.72%

BANKNIFTY

28-Oct-21

37,930.00

43.70

0.12%

1,749,125

27,825

1.62%

 

Nifty​​ (Over all FNO Position:​​ Range-bound)

  • Global market is​​ up​​ and SGX nifty is​​ flat.

  • FII is in sell mode.​​ 

  • Highest PE is at 17000 and highest CE is at 18000.

  • PEs are added at 16000 and CEs are added at 18200.

  • More number of PEs are added than CEs.

  • Max pain is at 17800 (Up by 100 points)

  • PCR is not changing

  • Net​​ future Position is in neutral

  • Time​​ for iron condor

 

Banknifty​​ (Over all FNO Position:​​ Range-bound)

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

  • Highest PE is at 38000 and Highest CE is at 39000

  • PEs are sold at 37000 and CEs are sold at 39000.

  • More number of CEs have been added than PEs.

  • Max Pain is at 38000 (No change in Max Pain)

  • PCR is not changing.

  • Net future Position is in neutral

  • Time​​ for iron condor

 

Executed Trades

  • Done Intraday Trading and made loss of 68K

Trading Plan

  • Will do intraday trading.

 

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.

Conducting workshop in all Metro Cities (Delhi, Mumbai, Bangalore, Chennai and Coimbatore) often based on queries from Traders.