Speculation has done, but still the FNO sentiment is positive in Nifty as max pain moves up consistently. Time for range bound strategies in Mar
Time: 8:42 am VIX: 21.51 SGX Nifty: 15247 FII: +1008 DII: -1283
Option Data Analysis (Mar)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 14800 | 2.62 | 14000 | 16000 | 14100(327%) | 16500 (14%) | ||||
Banknifty | 36000 | 1.17 | 25000 | 39000 | 37000 (36%) | 40000 (72%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
25-Mar-21 | 15,243.80 | -132.85 | -0.86% | 1,676,325 | 96,750 | 6.13% | |
25-Mar-21 | 37,010.75 | -284.60 | -0.76% | 202,050 | -350 | -0.17% |
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is down and SGX nifty is bit up
FII is in buy mode
Highest PE is at 14000 and highest CE is at 16000.
PEs are added at 14100 and CEs are added at 16500
More number of PEs are added than CEs
Max pain is at 14800 (Up by 100 points)
PCR is not changing
Net future Position is in neutral
Time to sell more PE and less CE
Banknifty (Over all FNO Position: Range-bound with positive bias)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 25000 and Highest CE is at 39000
PEs are sold at 37000 and CEs are sold at 40000
More number of CEs have been added than PEs
Max Pain is at 36000 (No change in Max Pain)
PCR is not changing
Net future position is in neutral
Time for range bound strategies
Executed Trades
No changes - Elite+
Rolled down CE & Sold Nifty 15500 CE - Naked CE
Trading Plan
Will manage Elite+
Will manage naked CE
Will initiate positions in March
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.