Aggregate long with jumping max pain makes Nifty & BNF positive. 14K seems to be very support as pain. Time to sell PE and Elite+ in Feb
Time: 8:25 am VIX: 20.64 SGX Nifty: 14434 FII: +6029 DII: -2373
Option Data Analysis (Jan)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 14000 | 1.73 | 13000 | 14000 | 14200(70%) | 15500 (71%) | ||||
Banknifty | 31500 | 1.78 | 28000 | 33000 | 32000 (57%) | 34500 (76%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
28-Jan-21 | 14,375.05 | 183.95 | 1.30% | 13,283,400 | 975,300 | 7.92% | |
28-Jan-21 | 32,170.00 | 91.25 | 0.28% | 1,681,150 | -45,525 | -2.64% |
Nifty (Over all FNO Position: Slightly bullish)
Global market is up and SGX nifty is up
FII is in buy mode
Highest PE is at 13000 and highest CE is at 14000.
PEs are added at 14200 and CEs are added at 15500
More number of PEs are added than CEs
Max pain is at 14000 (Up by 100 points)
PCR is not changing
Net future Position is in neutral
Time to sell PE
Banknifty (Over all FNO Position: Slightly bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 28000 and Highest CE is at 33000
PEs are sold at 32000 and CEs are sold at 34500
More number of PEs have been added than CEs
Max Pain is at 31500 (Up by 300 points)
PCR is not changing
Net future position is in neutral
Time to sell PE
Executed Trades
Exited 15000CE - Elite+
Went long in Future @ 14330 X 1 & Sold 14800CE X 1 to save 13800 – Straddle
Sold 13500PE & 13600PE - IC
Trading Plan
Will Manage Chicken IC, Elite+ and 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.