Market looks absolutely bullish over 17K. long added and pain is up. Looks positive. Time to sell put butterfly in weekly

Time: 8:35​​ am VIX:​​ 16.58​​ SGX Nifty:​​ 17078​​ FII:​​ -827​​ DII:​​ +1593

 

Option Data Analysis (Jan)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 

  CE

Nifty

17200

1.60

17000

17500

17000 (13%)​​ 

18000 (12%)

Banknifty

35800

0.80

35000

37000

40000(585%)

​​ 35000 (65%)

 

Future Analysis (Nifty & Banknifty)

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

27-Jan-22

17,036.00

181.70

1.08%

1,589,100

105,800

7.13%

BANKNIFTY

27-Jan-22

35,299.90

485.05

1.39%

354,200

48,450

15.85%

 

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

  • 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 17000 and CEs are added at 18000.

  • More number of PEs are added than CEs.

  • 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: Range-bound)

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

  • Highest PE is at 35000 and Highest CE is at 37000.

  • PEs are sold at 40000 and CEs are sold at 35000.

  • More number of PEs have been added than CEs.

  • Max Pain is at 35800 (Up by 900 points)

  • PCR is not changing

  • Net future Position is in Long

  • Time to sell PE​​ 

 

Executed Trades

  • Done Intraday Trading and made Loss of 1.07L and Positional loss of 93K

  • Executed 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