Slightly Longs are adding with Max Pain moving up & More PEs are added.Slightly Bullish. Sell far OTM PE with hedge

Time VIX SGX Nifty FII DII
12 September 2019 07:51:32 15.3725 11070.0 267 1132

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11000 1.46 10900 11200 11000 11050
Banknifty 27700 1.62 27000 28000 27500 28200

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 26-Sep-19 11046.35 21.10 0.19% 16831425 9375 0.06%
BANKNIFTY 26-Sep-19 27790.00 238.65 0.87% 1727120 50100 2.99%

 

Nifty. (Over all FNO Position: Slightly Bullish)
SGX Nifty is 0.3 Up and Global market is up
FII is in Buy side
Highest OI in PE is at 10900 and Highest OI in CE is moved to 11200
PEs are sold at 11000 and CEs are sold at 11050
More number of PEs have been added than CEs
Max Pain is at 11000 (No change)
PCR value is not changing much
Net Future Position : Neutral
Preferred Strategy: Sell far OTM PE with hedge

 

Banknifty. (Over all FNO Position: Bullish)
HDFC Bank is 1.22% up & ICICI Bank is 2.59% up in USA
Highest OI in PE is at 27000 and Highest OI in CE is at 28000
PEs are sold at 27500 and CEs are sold at 28200
More number of PEs have been added than CEs
Max Pain is at 27700 (Up by 300)
PCR value is higher than 1.5
Net Future Position : Bit Long Build Up
Preferred Strategy: Sell OTM PE with hedge

 

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 РActive 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.

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