Opinion of future (Bearish) differs with Options (Bullish). Surprisingly 10000 PE is heavily added with huge volume. Time to wait

Time: 8:20​​ am  ​​ VIX:​​ 14.95 ​​​​ SGX Nifty:​​ ​​ 11952​​ ​​ FII:​​ -514​​ Cr ​​ DII:​​ +182


Option Data Analysis



Max Pain


Highest OI



Highest Increase in OI








11500​​ (19%)

12000​​ (21%)

Banknifty (M)





30000​​ (26%)

32000​​ (18%)


Future & Volume Analysis (Nifty & Banknifty stocks)


Long Build Up

Profit Booking

Short Build Up

Short Covering


Airtel, TCS, HDFC​​ Bank, ICICI Bank, Infratel, MM, RIL, Grasim, Indusind


LT, Bajaj Finserv, Bajaj Finance


Nifty​​ (Over all FNO Position:​​ Neutral​​ with negative bias)


Global market is up and SGX​​ nifty is up

FII is in sell side

Highest PE is at 11500 and highest CE is at​​ 12000.

PEs are added at​​ 11500​​ and CEs are added at​​ 12000

More number of​​ PEs have been added than CEs

MAX Pain is at 11800 (no change)

PCR is​​ increasing a bit

Net future​​ Position is​​ in short

Time to​​ wait for the market to take direction


Banknifty​​ (Over all FNO Position:​​ Neutral​​ with negative bias)


ICICI Bank is​​ down​​ and HDFC Bank is up USA.

Highest PE is at​​ 30000 and Highest CE is at​​ 29000.

PEs are sold at​​ 30000​​ and CEs are sold at​​ 32000

More​​ number of PEs have been added than CEs

Max Pain is at​​ 29500

PCR is not changing much

Net future position is​​ short

Time to wait and sell options once market picks up the direction



Executed Trades

  • Done nothing


Trading Plan

  • Planning to do nothing till market moves in a direction


Open Positions​​ (NIL 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.