No long added, but BNF is still strong which has 28000 as strong support. Nifty has resistance at 13000. May lead to range-bound. Time for ratio spread in Dec

Time: 8:47​​ am VIX:​​ 19.12​​ SGX Nifty:​​ ​​ 12868​​ FII:​​ +3071​​ DII:​​ -2789

 

Option Data Analysis (NOV)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

12500

1.54

12000

13000

12800(42%)

13400​​ (163%)

Banknifty

28000

1.56

28000

30000

29000​​ (68%)

30500​​ (65%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

26-Nov-20

12,965.35

83.50

0.65%

11,555,025

-81,600

-0.70%

BANKNIFTY

26-Nov-20

29,757.00

605.10

2.08%

1,824,150

12,375

0.68%

 

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 12000 and highest CE is at​​ 13000.

  • PEs are added at 12800 and CEs are added at​​ 13400

  • More number of PEs are added than CEs

  • Max Pain is at 12500 (no change)

  • PCR is not changing

  • Net​​ future Position is in neutral

  • Good time for short strangle

 

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 28000 and Highest CE is at​​ 30000.

  • PEs are sold at​​ 29000​​ and CEs are sold at​​ 30500.

  • More number of PEs have been added than CEs

  • Max Pain is at​​ 28000​​ (up by 500 points)

  • PCR is not changing

  • Net future position is in​​ neutral

  • Good time for short strangle

Executed Trades

  • Sold 12000 PE for chicken IC​​ 

  • Sold 11800 PE for strangle.

Trading Plan

  • Will manage short strangle and chicken IC

 

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.

 

 

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