Still nifty is so strong as pain shifted up to 11700, but BNF is bit weak. Infy may trigger the market today. Time to sell CE in BNF and PE in Nifty

Time: 8:15​​ am VIX:​​ 20.72 ​​​​ ​​ SGX Nifty: ​​ 11901​​ FII:​​ +832​​ Cr​​ DII:​​ -1674​​ Cr

 

Option Data Analysis (OCT)

 

Index

Max Pain

PCR

Highest OI

PE

CE

Highest Increase in OI

PE

 CE

Nifty

11700

1.57

10500

12500

11600 (31%)

11900​​ (12)

Banknifty

23000

0.99

22000

24000

22000​​ (10%)

25500​​ (48%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

29-Oct-20

11,937.35

-1.00

-0.01%

11,511,150

167,325

1.48%

BANKNIFTY

29-Oct-20

23,503.75

-263.20

-1.11%

1,663,325

37,475

2.30%

​​ 

Nifty​​ (Over all FNO Position: Range-bound with positive​​ bias)

  • 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 11600 and CEs are added at​​ 11900

  • More number of PEs are added than CEs

  • MAX Pain is at​​ 11700​​ (up by 100 points)

  • PCR​​ is not changing

  • Net future Position is in neutral

  • Good time to sell​​ more PEs

 

Banknifty​​ (Over all FNO Position: Range-bound)

 

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

  • Highest PE is at 22000 and Highest CE is at 24000.

  • PEs are sold at​​ 22000​​ and​​ CEs are sold at​​ 25500.

  • More number of CEs have been added than PEs

  • Max Pain is at 23000 (no change)

  • PCR is not decreasing bit

  • Net future position is in neutral

  • Good time to sell​​ more CEs

Executed Trades

  • Sold 12400 CE - 1 lot​​ 

  • Shifted 10500 PE monthly hedge to 11000 PE weekly hedge

 

Trading Plan

  • Will​​ manage Condor & Straddle

 

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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