Profit booking started, heavily CEs are added. Nifty will turn bearish only below 11650. Good to sell CEs

​​ Time: 8:50 am  ​​ VIX:​​ 16.41 ​​​​ SGX Nifty:​​ ​​ 11900​​ ​​ FII:​​ -304​​ Cr ​​ DII:​​ -190

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11800

0.78

11000

12000

11850​​ (9%)

12000 (32%)

Banknifty (M)

31200

0.81

31000

31500

31300 (33%)

31500 (136%)

 

 

Nifty​​ (Over all FNO Position: Slightly​​ Bearish)

 

Global market is​​ down​​ and SGX nifty is flat

FII is in​​ sell​​ side

Highest PE is at 11000 and highest CE is at 12000.

PEs are added at​​ 11850​​ and​​ CEs are added at​​ 12000

More number of​​ CEs have been added than​​ PEs

MAX Pain is at 11800 (no change)​​ 

PCR is​​ coming down

Net future Position is in​​ short

Time to​​ sell more CEs in intraday

 

Banknifty​​ (Over all FNO Position:​​ Slightly Bearish)

 

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

Highest PE is at​​ 31000​​ and Highest CE is at 31500.

PEs are sold at​​ 31300​​ and CEs are sold at​​ 31500

More number of​​ CEs have been added than​​ PEs

Max Pain is at 31200 (coming down)​​ 

PCR is​​ decreasing

Net future position is​​ short

Time to sell more CE

 

Executed Trades

  • Done intraday trading and made 30K profit

  • Sold 31700 CE and 31800 CE

 

Trading Plan

  • Will​​ do expiry trading today

 

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.