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

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11800

1.19

11500

12000

11500​​ (19%)

12000​​ (21%)

Banknifty (M)

29500

0.80

30000

29000

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

Reddy

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.