Still not much change in FNO data, but Nifty looks positive whereas banknifty looks weak. Time to sell CE in Banknifty and PE in Nifty

Time: 8:58​​ am VIX:​​ 13.58​​ SGX Nifty:​​ 17407​​ FII:​​ +1650​​ DII:​​ -310

 

Option Data Analysis (Sep)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

17050

1.50

17000

17500

17400 (51 %)​​ 

17900 (38%)

Banknifty

36500

1.08

36000

37000

36700 (28%)

36800 (19%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Sep-21

17,386.90

27.60

0.16%

14,768,350

311,150

2.15%

BANKNIFTY

30-Sep-21

36,710.00

133.45

0.36%

1,824,925

475

0.03%


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

  • Global market is​​ negative​​ and​​ SGX nifty is flat.

  • FII is in buy mode.​​ 

  • Highest PE is at 17000 and highest CE is at 17500.

  • PEs are added at 17400 and CEs are added at 17900.

  • More number of PEs are added than CEs.

  • Max pain is at 17050 (Up by 50 points)

  • PCR is not changing

  • Net future​​ Position is in neutral

  • Time for chicken iron condor

 

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

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

  • Highest PE is at 36000 and Highest CE is at 37000

  • PEs are sold at 36700 and CEs are sold at 36800.

  • More number of PEs have been added than CEs.

  • Max Pain is at 36500 (No change in max pain)

  • PCR is not changing.

  • Net future Position is in neutral.

  • Time to have iron condor.

 

Executed Trades

  • Done Intraday Trading and made loss of 2L

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.

 

 

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