There is no speculation in FNO data, but Banknifty looks positive as max pain goes up to 23700. Time to sell CE in Nifty and PE in Banknifty
Time: 8:40 am VIX: 22.91 SGX Nifty: 11900 FII: +2108 Cr DII: -1634 Cr
Option Data Analysis (OCT)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 11700 | 1.40 | 10500 | 12500 | 10800 (14%) | 12200 (11%) | ||||
Banknifty | 23700 | 1.14 | 23000 | 25000 | 24500 (35%) | 24800 (355%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
29-Oct-20 | 11,929.10 | 33.20 | 0.28% | 10,743,825 | -81,525 | -0.75% | |
29-Oct-20 | 24,705.10 | 353.35 | 1.45% | 1,492,500 | -11,500 | -0.76% |
Nifty (Over all FNO Position: Range-bound)
Global market is down and SGX nifty is down
FII is in buy mode
Highest PE is at 10500 and highest CE is at 12500.
PEs are added at 10800 and CEs are added at 12200
More number of PEs are added than CEs
MAX Pain is at 11700 (no change)
PCR is not changing
Net future Position is in neutral
Good time for short strangle
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 23000 and Highest CE is at 25000.
PEs are sold at 24500 and CEs are sold at 24800.
More number of PEs have been added than CEs
Max Pain is at 23700 (up by 200 points)
PCR is not changing
Net future position is in neutral
Good time to sell more PEs with hedge
Executed Trades
Had intraday loss of 2%
Booked loss of 4.7L
Exited everything
Trading Plan
Will do expiry trading
My Position (No 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.
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