Good long added along with running up max pain. Market looks positive with great support 17K. Time to have more put butterfly in weekly

Time: 8:38​​ am VIX:​​ 16.47​​ SGX Nifty:​​ 17283​​ FII:​​ +207​​ DII:​​ +568

 

Option Data Analysis (Jan)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 

  CE

Nifty

17300

1.72

17000

17500

17500(10%)​​ 

17200 (32%)

Banknifty

35700

1.02

40000

40000

32000(32%)

​​ 37000 (22%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

27-Jan-22

17,300.35

149.35

0.87%

4,695,050

1,473,000

45.72%

BANKNIFTY

27-Jan-22

35,361.85

120.05

0.34%

1,204,625

402,200

50.12%

 

Nifty​​ (Over all FNO Position: Bullish)

  • Global market is​​ flat​​ 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 17500 and CEs are added at 17200.

  • More number of PEs are added than CEs.

  • Max pain is at 17300 (Up by 100 points)

  • PCR is not changing

  • Net future​​ Position is in Long

  • Time to sell PE

 

Banknifty​​ (Over all FNO Position: Bullish)

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

  • Highest PE is at 40000 and Highest CE is at 40000.

  • PEs are sold at 32000 and CEs are sold at 37000.

  • More number of CEs have been​​ added than PEs.

  • Max Pain is at 35700 (down by 300 points)

  • PCR is not changing

  • Net future Position is in Long

  • Time to sell PE​​ 

Executed Trades

  • Done Intraday Trading and made Loss of 70K

  • Positional profit 1.5L

  • Taken Put Butterfly

Trading Plan

  • Will do​​ intraday trading.

 

My Position​​ 

 

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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