Still long is seen in banknifty though CEs are added more. Sell more PEs since morning and few CE far away. Better to have less volume as it is yearly expiry

Time: 8:45 am  ​​ VIX:​​ 17.05 ​​​​ SGX Nifty:​​ ​​ 11448​​ ​​ FII:​​ +1481​​ Cr ​​​​ DII:​​ +135​​ Cr

 

Option Data Analysis

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11400

1.39

11000

11600

11600 (54%)

11600 (46%)

Banknifty (M)

29800

1.14

29500

30500

30000 (50%)

30400 (209%)

 

Future & Volume Analysis (Nifty &​​ Banknifty stocks)

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

Titan, IBHF

Finserv, Asian Paint, Adani, UPL

TechM, Sun Pharma, Tata Motors, Airtel

SBI, Indusind, VEDL, Bajaj Finance, Yes,​​ 

 

Nifty​​ (Over all FNO Position:​​ Neutral with positive bias)

 

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

FII is in buy​​ side

Highest PE is at 11000 and highest CE is at 11600.

PEs are added at 11600 and CEs are added at 11600

More number of CEs have been added than PEs

MAX Pain is at 11400 (up by 100 points)

PCR is​​ decreasing

Net future Position is​​ neutral

Time to​​ do short strangle​​ 

 

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

 

ICICI Bank is up and HDFC Bank is​​ down​​ USA.

Highest PE is at 29500 and Highest CE is at​​ 30500.

PEs are sold at​​ 30000​​ and CEs are sold at​​ 30400

More number of PEs have been added​​ than CEs

Max Pain is at 29800 (up by 300 points)

PCR is decreasing

Net future positions is​​ long

Time to​​ sell more PE

 

 

Executed Trades

  • Done intraday and had a loss of 17K

  • Sold 30500 CE and 29600 PE

 

Trading Plan

  • Will do expiry trading

 

Open 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.