Shorts added in Nifty and Banknifty. 15900 seems to be good resistance. Looks negative. Time to sell CE and less PE in Aug

Time:​​ 7:50​​ am VIX:​​ 13.23​​ SGX Nifty:​​ 15799​​ FII:​​ -1459​​ DII:​​ +730

 

Option Data Analysis (Aug)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 CE

Nifty

15800

1.36

15000

16000

15700 (42%)

15900 (30%)

Banknifty

35000

1.08

35000

35000

33500 (30%)

38500 (62%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

26-Aug-21

15,770.00

-90.55

-0.57%

3,905,300

1,496,150

62.10%

BANKNIFTY

26-Aug-21

34,934.55

-145.95

-0.42%

857,525

240,775

39.04%

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

  • Global​​ market is weak and SGX nifty is​​ flat.

  • FII is in​​ sell​​ mode.​​ 

  • Highest PE is at 15000 and highest CE is at 16000.

  • PEs are added at 15700 and CEs are added at 15900.

  • More number of CEs are added than PEs.

  • Max pain is at 15800 (No change in Max Pain)

  • PCR is not changing

  • Net future Position is in short.​​ 

  • Time to sell CE in Aug

 

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

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

  • Highest PE is at 35000 and Highest CE is at​​ 35000

  • PEs are sold at 33500 and CEs are sold at 38500.

  • More number of CEs have been added than PEs.

  • Max Pain is at 35000 (No change in Max Pain)

  • PCR is not changing.

  • Time for double calendar as VIX is low.

  • Net future Position is in short.

  • Time to​​ avoid as more banking results are there

 

Executed Trades

  • Done Intraday Trading and made profit of 20k

  • Sold 34000 PE with hedge

  • Sold 35800 CE

 

Trading Plan

  • Will do intraday trading.

 

My Position​​ 

 

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.