Shorts are added. Max Pain (Nov) came down to 11800 & 24000. Global cues are weak. Time to sell CE. Avoid Nov contracts

Time: 8:10​​ am VIX:​​ 22.83 ​​​​ ​​ SGX Nifty: ​​ 11829​​ FII:​​ +907 Cr​​ DII:​​ -892 Cr

 

Option Data Analysis (OCT)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11800

1.87

11000

12500

11500 (15%)

12600 (34%)

Banknifty

24000

1.47

20200

26000

21000 (46%)

25000 (31%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

26-Nov-20

11,796.30

-162.35

-1.36%

3,436,800

829,575

31.82%

BANKNIFTY

26-Nov-20

24,157.70

-400.80

-1.63%

426,425

192,375

82.19%

​​ 

Nifty​​ (Over all FNO Position: Bearish)

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

  • FII is in buy mode

  • Highest PE is at 11000 and highest CE is at 12500.

  • PEs are added at 11500 and CEs are added at 12600

  • More number of CEs are added than PEs

  • MAX Pain is at 11800 (down by 100 points)

  • PCR is not changing

  • Net​​ future Position is in short

  • Good time to sell CE with hedge​​ 

 

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

 

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

  • Highest PE is at 20200 and Highest CE is at 26000.

  • PEs are sold at 21000 and CEs are sold at​​ 25000.

  • More number of CEs have been added than PEs

  • Max Pain is at 24000 (down by 500 points)

  • PCR is not changing

  • Net future position is in short

  • Good time to sell more CEs with hedge​​ 

Executed Trades

  • Done nothing

 

Trading Plan

  • No plan as of now

 

My​​ Position (No 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.

 

 

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