Market is volatile, but looks positive for long run. FNO data looks positive in all aspects. Time for put butterfly to capture the bullish momentum

Time: 8:55​​ am VIX:​​ 17.11​​ SGX Nifty:​​ 17250​​ FII:​​ -1038​​ DII:​​ +956

 

Option Data Analysis (Jan)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 

  CE

Nifty

17200

1.70

17000

17500

16900(109%)​​ 

19500 (35%)

Banknifty

35500

1.02

40000

40000

31000(85%)

​​ 37000 (23%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

27-Jan-22

17,165.00

117.85

0.69%

3,297,600

980,750

42.33%

BANKNIFTY

27-Jan-22

35,300.00

269.30

0.77%

802,575

189,950

31.01%

Nifty​​ (Over all FNO Position: Bullish)

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

  • FII is in sell mode.​​ 

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

  • PEs are added at 16900 and CEs are added at 19500.

  • More number of CEs are added than PEs.

  • Max pain is at 17200 (No Change)

  • 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 31000 and CEs are sold at 37000.

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

  • Max Pain is at 36000 (down by 1500 points)

  • PCR is not changing

  • Net future Position is in Long

  • Time to sell PE​​ 

 

Executed Trades

  • Done Intraday Trading and made Loss of 3.3L

  • Positional profit 20K

  • Taken Put 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