Short has been added to Banknifty along with CE OIs. Nifty is strong over RIL. Time to sell CE in ratios

Time:​​ 8:30​​ am  ​​ VIX:​​ 33.36 ​​​​ ​​ SGX Nifty: ​​ 9792​​ FII:​​ -487​​ Cr​​ DII:​​ +168​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

9900

1.26

9000

10000

9900​​ (12%)

10500​​ (10%)

Banknifty

20000

0.92

20000

22000

20000​​ (52%)

21000​​ (16%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Average
Price

Open Interest

Change in OI

Change (%)

NIFTY

25-Jun-20

9,847.65

-50.20

-0.51%

9,901.93

9,508,875

-7,950

-0.08%

BANKNIFTY

25-Jun-20

20,138.00

-116.35

-0.57%

20,294.72

1,771,680

137,680

8.43%

Nifty​​ (Over all FNO Position: Range-bound)

  • Global market is​​ down​​ and SGX nifty is​​ down.

  • FII is in sell mode

  • Highest PE is at 9000 and highest CE is at​​ 10000.

  • PEs are added at​​ 9900​​ and CEs are added at​​ 10500

  • More number of CEs are added than PEs

  • MAX Pain is at 9900​​ (no change)

  • PCR is not changing much

  • Net future Position is​​ neutral

  • Better to stay away

 

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

 

  • ICICI Bank is up and HDFC Bank is​​ flat​​ in USA.

  • Highest PE is at 20000 and Highest CE is at 22000.

  • PEs are​​ sold at​​ 20000​​ and CEs are sold at​​ 21000.

  • More number of CEs have been added than PEs

  • Max Pain is at 20000 (no change)

  • PCR is no changing

  • Net future position is​​ in short

  • Better to​​ sell call ratio

 

Executed Trades

 

  • Nothing

 

Trading Plan

  • NO plan to trade

 

Open Positions​​ (NIL)

 

 

 

 

 

 

 

 

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.