Still short is not yet covered. Heavy weights (HDFC Bank & ITC) holds the market from blood bath. Time to sell more CE and less PE for intraday

​​ Time:​​ 8:30​​ am  ​​ VIX:​​ 12.76 ​​​​ SGX Nifty:​​ ​​ 11289​​ ​​ FII:​​ -1394​​ Cr ​​​​ DII: +2140​​ Cr

 

Option Data Analysis (Weekly)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11300

0.59

11300

11400

11150

11300

Banknifty

29100

0.49

29000

29500

28800

29200

 

Future Data Analysis

 

Long Build Up

Profit Booking

Short Build Up

Short Covering

Asian Paint, IOC, Infratel,​​ 

Bajaj Auto, PGC, Airtel, LT, Bajaj Finserv, Grasim, TechM, Cipla, Adani, Reddy, EM,​​ 

Britannia, Bajaj Finance, ICICI, JSW, Tata Steel

HUL, HCL, ITC, HDFC​​ Bank

 

 

Nifty​​ (Over all FNO Position:​​ Slightly Bearish)

 

Global market is up and SGX nifty is​​ up

FII is in sell side

Highest PE is at 11300 and highest CE is at​​ 11400

PEs are added at​​ 11150​​ and CEs are removed at​​ 11300

More number of CEs​​ have been added than PE

MAX Pain is at​​ 11300 (Down by 100 points)​​ 

PCR is coming down

Net future Position is​​ in light short only

Time to sell CE and PE in intraday

 

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

 

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

Highest PE is at 29000 and Highest CE is at 29500.

PEs are sold at 28700 and CEs are sold at 29600

More number of CEs have been added than PE

Max Pain is at 29100​​ (Down by 300 points)

PCR is​​ not changing

Net future Position is in bit short

Time to create call ratio

 

Executed Trades

  • Done intraday and made 20K profit

  • Sold 11350 CE and 29300 CE

 

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.