Pin Drop Silence from FNO data. Not much change at all. Market may go flat. Time to hold range-bound strategies
Time: 7:30 am VIX: 28.91 SGX Nifty: 10308 FII: -1937 Cr DII: +1306 Cr
Option Data Analysis
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
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Nifty | 10200 | 1.49 | 9000 | 11500 | 9500 (15%) | 11000 (19%) | ||||
Banknifty | 21000 | 0.83 | 19000 | 23000 | 19500 (54%) | 22000 (20%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
30-Jul-20 | 10,261.00 | -57.00 | -0.55% | 11,420,700 | -214,125 | -1.84% | |
30-Jul-20 | 21,249.00 | -213.15 | -0.99% | 1,154,025 | -30,150 | -2.55% |
Nifty (Over all FNO Position: Range-bound)
Global market is up and SGX nifty is up.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 11500.
PEs are added at 10000 and CEs are added at 12000
More number of CEs are added than PEs
MAX Pain is at 10200 (no change)
PCR is not changing much
Net future Position is in neutral
Better to have far OTM ratio spreads
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 19000 and Highest CE is at 23000.
PEs are sold at 19500 and CEs are sold at 23000.
More number of PEs have been added than CEs
Max Pain is at 21000 (no change in July)
PCR is not changing much
Net future position is in neutral
Better to have far OTM ratio spreads
Executed Trades
Done nothing
Trading Plan
Will manage Shor straddle and ratio spread
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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.