Market is bearish in all aspects though SGX Nifty is up. May bleed again below 17000. Time to sell CE at closing.
Time: 7:30 am VIX: 20.80 SGX Nifty: 17090 FII: -5786 DII: +2294
Option Data Analysis (Dec)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||||
Nifty | 17500 | 1.39 | 17000 | 18000 | 16000 (40%) | 17200 (681%) | ||||||
Banknifty | 38000 | 0.87 | 35000 | 41000 | 35000 (90%) | 36500 (1170%) |
Future Analysis (Nifty & Banknifty
Symbol | Expiry Date | Last Price | Chg | Chg | High | Average | Open Interest | ||
30-Dec-21 | 17,031.75 | -557.20 | -3.17% | 17,427.95 | 17,206.30 | 10,849,550 | 365,900 | 3.49% | |
30-Dec-21 | 36,050.00 | -1,485.10 | -3.96% | 37,093.75 | 36,516.97 | 2,765,075 | 469,250 | 20.44% |
Nifty (Over all FNO Position: Bearish)
Global market is down and SGX nifty is up.
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: Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 35000 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 (no change)
PCR is not changing
Net future Position is in short.
Time to sell CE
Executed Trades
Done Expiry Trading and made profit of 3.15L.
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.
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