ITM OIs are added in PE. Nifty is back to positive zone. Banknifty is still in range-bound. Having positive expectancy. Time for range-bound strategies

Time:​​ 6:55​​ am VIX:​​ 16.66SGX Nifty:​​ 17514​​ FII:​​ -2300​​ DII:​​ +1368

 

Option Data Analysis (Dec)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

17500

1.39

17000

18000

17500 (19%)​​ 

17500 (32%)

Banknifty

38000

0.87

36000

41000

37500 (90%)

37500 (69%)

 

Future Analysis (Nifty & Banknifty

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Dec-21

17,600.00

152.55

0.87%

10,772,150

3,253,300

43.27%

BANKNIFTY

30-Dec-21

37,548.00

-45.00

-0.12%

2,321,150

833,650

56.04%

 

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

  • Global​​ market is mixed and SGX nifty is flat.

  • FII is in sell mode.​​ 

  • Highest PE is at 17000 and highest CE is at 18000.

  • PEs are added at 17500 and CEs are added at 17500.

  • More number of PEs are added than CEs.

  • Max pain is at 17500 (No change in max pain)

  • PCR is​​ not changing

  • Net future Position is in long.

  • Time to sell CE

 

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

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

  • Highest PE is at 36000 and Highest CE is at 41000

  • PEs are sold at 37500 and CEs are sold at 37500.

  • More number of PEs have been added than CEs.

  • Max Pain is at 38000​​ (down by​​ 400​​ points)

  • PCR is not changing

  • Net future Position is in short.

  • Time to sell CE

 

Executed Trades

  • Done Expiry Trading and made profit of 1.28L.

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.