Pain goes down with negative PCR near recent swing. Better to sell CE

Time: 9:00 am   VIX: 18.88  SGX Nifty:  10130  FII: -2047 Cr    DII:   +1874 Cr
FNO Data Analysis
Index
Max Pain
PCR
Highest OI
PE
CE
Highest Increase
in OI
PE
          CE
Nifty
10350
0.74
10000
10500
10000
10200
Banknifty
25100
0.73
25000
25500
25000 (32%)
25500 (87%)
              
Future
position and Volume Analysis (Nifty & Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
GAIL, Bajaj Ser, HPCL, BPCL, MM, Bajaj Fin
Coal India, Adani
Port, Sun Pharma, ICICI
Yes, Grasim, Bajaj
Auto, NTPC, Reddy, TechM
HCL, HDFC Bank,
Hindaldo, ONGC, Airtel, SBI, IOC
Nifty
(Over all FNO Position: Slightly Bearish)
·
Global market is down and SGX nifty is dowb.
·
FII is in sell mode
·
Highest PE is at 10000 and highest CE is at 11000.
·
PEs are added at 10000 and CEs are added at 10200
·
More number of PEs have been added than CEs
·
MAX Pain is at 10350 (50 points down)
·
PCR is Bearish
·
Net future Position is neutral
·
Time to do call ratio
Banknifty (Over
all FNO Position: Neutral)
·
ICICI Bank is down and HDFC Bank is down in USA.
·
Highest PE is at 24500 and Highest CE is at 25500.
·
PEs are sold at 24500 and CEs are sold at 25500.
·
More number of CEs have been added than PEs
·
Max Pain is at 25100 (no change)
·
PCR is bearish
·
Net future positions is neutral
·
Time to do short strangle in intraday
Executed Trades
ü
Exited double back spread with loss.
ü
Sold 26000 CE at 250 to defend straddle at 25250
ü
Created put calendar at 25000 and 24800 with debit of 105
ü
Sold naked 25700 CE at 12
Trading Plan
ü
Will do expiry trading
Open Positions

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.