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
| Highest Increase in OI
| ||||||
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.