After the gap-up, there is not much speculation in FNO data (OI, PCR and Pain). It looks like range-bound market. Time for iron condor in Jan

Time: 8:40 am VIX:​​ 17.53​​ SGX Nifty:​​ 16852​​ FII:​​ -1210​​ DII:​​ +1405

 

Option Data Analysis (Jan)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 

  CE

Nifty

17200

1.58

16500

17500

16400 (21%)​​ 

17500 (21%)

Banknifty

34900

0.60

34000

37000

37000(42%)

34000 (28%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

27-Jan-22

16,864.40

175.35

1.05%

1,483,350

55,400

3.88%

BANKNIFTY

27-Jan-22

34,856.00

162.75

0.47%

305,750

14,175

4.86%

 

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

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

  • FII is in sell mode.​​ 

  • Highest PE is at 16500 and highest CE is at 17500.

  • PEs are added at 16400 and CEs are added at 17500.

  • More number of PEs are added than CEs.

  • Max pain is at 17200 (No Change)

  • PCR​​ is not changing

  • Net future Position is in neutral

  • Time to sell PE and CE

 

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

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

  • Highest PE is at 34000 and Highest CE is at 37000

  • PEs are sold at 37000 and CEs are sold at 34000.

  • More number of CEs have been added than PEs.

  • Max Pain is at 36000 (no change in max pain)

  • PCR is not changing

  • Net future Position is in neutral

  • Time to sell PE and CE

 

Executed Trades

  • Done Intraday Trading and made​​ Profit of 1.6L

  • Executed Call butterfly

Trading Plan

  • Will do intraday trading.

 

My Position​​ 

 

Jegathesan Durairaj

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.

 

https://www.capitalzone.in