Slightly Longs are adding with same Max Pain, but SGX nifty is bleeding down. Better to stay out as of now till market takes direction

Time VIX SGX Nifty FII DII
03 September 2019 08:21:43 16.2825 10946.0 1163 1502

Option Interest Data Analysis (Weekly)

 

Script Max Pain PCR High OI PE High OI CE Chng OI PE Chng OI CE
Nifty 11000 1.04 11000 11100 11000 11200
Banknifty 27500 0.64 27000 28000 27000 28000

Future Data Analysis

 

Symbol Expiry Date Last Price Chg(Rs) Chg(%) Open Interest Change in OI Change (%)
NIFTY 26-Sep-19 11058.9 56.55 0.51% 17425425 -81225 -0.46%
BANKNIFTY 26-Sep-19 27520.9 85.70 0.31% 1450340 -59760 -3.96%

 

Nifty. (Over all FNO Position: Bullish)
SGX Nifty is flat and Global market is up
FII is in Buy side
Highest OI in PE is at 11000 and Highest OI in CE is at 11100
PEs are sold at 11000 and CEs are sold at 11200
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 : Short Covering
Preferred Strategy: Sell OTM PE with hedge

 

Banknifty. (Over all FNO Position: Bullish)
HDFC Bank is 0.8% up & ICICI Bank ADR is flat in USA in USA
Highest OI in PE is at 27000 and Highest OI in CE is at 28000
PEs are sold at 27000 and CEs are sold at 28000
More number of CEs have been added than PEs
Max Pain is at 27500 (No change)
PCR value is not changing much
Net Future Position : Neutral
Preferred Strategy: Sell OTM PE with hedge

Executed Trades

Nothing

Trading Plan

will plan only post lunch

Open Position (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 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.

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.