Still some long added in Banknifty which is stronger than Nifty. Looks positivity continues and looks bullish. Time to sell more PE

Time: 8:37​​ am VIX:​​ 18.05​​ SGX Nifty:​​ 17950​​ FII:​​ -595​​ DII:​​ +1398

 

Option Data Analysis (Oct)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

17700

1.82

17000

18000

17900 (32%)​​ 

18500 (36%)

Banknifty

37500

1.13

36000

38500

36000 (182%)

36000 (706%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

28-Oct-21

17,901.50

19.40

0.11%

4,021,150

1,150,000

40.05%

BANKNIFTY

28-Oct-21

38,348.60

364.00

0.96%

450,000

116,575

34.96%

 

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

  • Global​​ market is up and SGX nifty is​​ up.

  • FII is in​​ sell​​ mode.​​ 

  • Highest PE is at 17000 and highest CE is at 18000.

  • PEs are added at 17900 and CEs are added at 18500.

  • More number of CEs are added than PEs.

  • Max pain is at 17700 (Up by 100 points)

  • PCR is not​​ changing

  • Net future Position is in Long.

  • Time to sell more PE

 

Banknifty​​ (Over all FNO Position: Bullish)

  • ICICI Bank is up and HDFC Bank is up in USA.

  • Highest PE is at 36000 and Highest CE is at 38500

  • PEs are sold at 36000 and CEs are sold at 36000.

  • More number of PEs have been added than CEs.

  • Max Pain is at 37500 (No change in max pain)

  • PCR is not changing.

  • Net future Position is in long

  • Time to sell more PE

 

Executed Trades

  • Done intraday Trading and made loss of 95k

Trading Plan

  • Will do intraday​​ trading.

 

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.