Was just short covering, not fresh long added. Looking for consolidation between 17000 – 17500. Time for range-bound strategies
Time: 7:30 am VIX: 18.09 SGX Nifty: 17367 FII: -910 DII: +1373
Option Data Analysis (Dec)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||||
Nifty | 17300 | 1.34 | 17000 | 18000 | 17300 (48%) | 18000 (5%) | ||||||
Banknifty | 37200 | 0.92 | 35000 | 39000 | 35500 (44%) | 39000 (13%) | ||||||
Future Analysis (Nifty & Banknifty
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
30-Dec-21 | 17,440.00 | 218.10 | 1.27% | 12,169,200 | 444,550 | 3.79% | |
30-Dec-21 | 36,657.90 | 189.65 | 0.52% | 2,406,275 | -67,700 | -2.74% |
Nifty (Over all FNO Position: Range-bound)
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 17300 and CEs are added at 18000.
More number of PEs are added than CEs.
Max pain is at 17300 (No change in max pain)
PCR is not changing
Net future Position is in neutral.
Time to sell PE and CE
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 39000
PEs are sold at 35500 and CEs are sold at 39000.
More number of PEs have been added than CEs.
Max Pain is at 37200 (Down by 100 points)
PCR is not changing
Net future Position is in neutral.
Time to sell PE and CE
Executed Trades
Done Expiry Trading and made profit of 9L.
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.