Few more shorts added with declining max pain. Looks weak still now. Time to sell CE in Dec

Time:​​ 7:38​​ am VIX:​​ 14.86 ​​ SGX Nifty:​​ 17803​​ FII:​​ -3931​​ DII:​​ +1886

 

Option Data Analysis (Dec)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

18000

0.90

17000

19000

17000 (13%)​​ 

18500​​ (32%)

Banknifty

38500

0.67

41000

41000

41000​​ (1255%)

41000​​ (243%)

 

Future Analysis (Nifty & Banknifty

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

High
Low

Average
Price

Open Interest

Change in OI

Change (%)

NIFTY

30-Dec-21

17,832.95

-137.30

-0.76%

18,000.00
17,755.00

17,842.47

2,063,450

393,200

23.54%

BANKNIFTY

30-Dec-21

38,212.05

-103.70

-0.27%

38,473.95
38,000.05

38,195.57

493,150

96,875

24.45%

 

Nifty​​ (Over all FNO Position: Slightly Bearish)

  • Global​​ market is down and SGX nifty is bit down.

  • FII is in sell mode.​​ 

  • Highest PE is at 17000 and highest CE is at 19000.

  • PEs are added at 17000 and CEs are added at 18800.

  • More number of CEs are added than​​ PEs.

  • Max pain is at​​ 17700​​ (Down by 300 points)

  • PCR​​ is not changing

  • Net future Position is in short.

  • Time to sell CE

 

Banknifty​​ (Over all FNO Position: Slightly Bearish)

  • ICICI Bank is​​ down​​ and HDFC Bank is flat in USA.

  • Highest PE is at 41000 and Highest CE is at​​ 41000

  • PEs are sold at 39000 and CEs are sold at​​ 39000.

  • More number of CEs have been added than PEs.

  • Max Pain is at​​ 39000​​ (no change)

  • PCR is not changing.

  • Net future Position is in short.

  • Time to sell CE

 

Executed Trades

  • Done Intraday Trading and made​​ profit​​ of​​ 2L

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.