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

PE

CE

Highest Increase in OI

PE

 CE

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
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

28-Jan-21

14,375.05

183.95

1.30%

13,283,400

975,300

7.92%

BANKNIFTY

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.

 

 

Leave comment

Your email address will not be published. Required fields are marked with *.