No shorts added yesterday, but pain comes down. Breaking 17000(High PE OI) on close basis may lead to bloodbath. Time to sell option on close basis
Time: 8:50 am VIX: 20.08 SGX Nifty: 17040 FII: -3361 DII: +1702
Option Data Analysis (Dec)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||||
Nifty | 17300 | 1.35 | 17000 | 18000 | 16800 (19%) | 17200 (41%) | ||||||
Banknifty | 37100 | 0.93 | 34000 | 38000 | 37000 (17%) | 38000 (15%) | ||||||
Future Analysis (Nifty & Banknifty
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
30-Dec-21 | 16,950.00 | -289.00 | -1.68% | 11,709,850 | 420,500 | 3.72% | |
30-Dec-21 | 35,891.00 | -459.30 | -1.26% | 2,613,775 | 125,375 | 5.04% |
Nifty (Over all FNO Position: Range-bound with negative bias)
Global market is bit down and SGX nifty is bit down.
FII is in sell mode.
Highest PE is at 17000 and highest CE is at 18000.
PEs are added at 16800 and CEs are added at 17200.
More number of CEs are added than PEs.
Max pain is at 17400 (Down by 100 points)
PCR is not changing
Net future Position is in neutral.
Time to sell PE and CE
Banknifty (Over all FNO Position: Range-bound with negative bias)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 34000 and Highest CE is at 38000
PEs are sold at 37000 and CEs are sold at 38000.
More number of CEs have been added than PEs.
Max Pain is at 37100 (Down by 400 points)
PCR is not changing
Net future Position is in neutral.
Time to sell PE and CE
Executed Trades
Done Intraday Trading and made loss of 2.65L
Trading Plan
Will do intraday trading.
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.