PE OI goes up and aggressive long is seen. PCR increases. Time to create put credit spread with less volume .

Time: 8:35​​ am  ​​ VIX:​​ 16.05 ​​​​ SGX Nifty:​​ ​​ 10784​​ ​​ FII:​​ +55​​ Cr ​​​​ DII:​​ ​​ +202 Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

10800

1.11

10700

11000

10700 (27%)

10900 (10%)

Banknifty (M)

27100

1.30

27000

27500

27000 (28%)

27300 (184%)

 

Future &​​ Volume Analysis (Nifty & Banknifty stocks)

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

High Delivery Volumes

Hero, Grasim, GAIL, TechM, Tata Steel

Kotak

Indusind, TCS, Maruti, Infy, HCL

Finserv, Ultratech, ICICI, RIL

 

 

Nifty​​ (Over all FNO Position:​​ slightly bullish)

 

Global market is up and SGX​​ nifty is bit down

FII is in sell mode

Highest PE is at​​ 10700​​ and highest CE is at 11000.

PEs are added at 10700 and CEs are added at​​ 10900

More number of PEs have been added than CEs

MAX Pain is at 10800 (no change)

PCR is increasing

Net future Position is​​ in long

Time​​ to create put credit spread

 

Banknifty​​ (Over all FNO Position: Neutral)

 

ICICI Bank is up and HDFC Bank is up in USA.

Highest PE is at​​ 27000 and Highest CE is at 27500.

PEs are sold​​ at 27000 and CEs are sold at 27300.

More number of PEs​​ have been added than CEs

Max Pain is at 27100 (down by 100 points)

PCR is going up

Net future positions is long

Can do put credit spread

 

Executed Trades

  • Made intraday profit of 76K

 

Trading Plan

  • Not planning to trade

 

Open Positions​​ (No 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.