Markets looks weak with respect to all aspects (Price, OI, Future and max pain). Time to sell CE in Dec

Time: 6:40 am VIX:​​ 17.52 ​​ SGX Nifty:​​ 17433​​ FII:​​ -3458​​ DII:​​ +2051

 

Option Data Analysis (Dec)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

17500

1.38

17000

18000

18500 (53%)​​ 

17500 (50%)

Banknifty

38500

0.79

36000

41000

36000 (110%)

38000 (111%)

 

Future Analysis (Nifty & Banknifty

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Dec-21

17,502.00

-349.10

-1.96%

3,105,800

1,042,350

50.51%

BANKNIFTY

30-Dec-21

37,418.50

-835.20

-2.18%

712,325

219,175

44.44%

 

Nifty​​ (Over all​​ FNO Position: 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 18000.

  • PEs are added at 18500 and CEs are added at 17500.

  • More number of CEs are added than PEs.

  • Max pain is at​​ 17500 (Down by 200 points)

  • PCR is not changing

  • Net future Position is in short.

  • 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 36000 and Highest CE is at 41000

  • PEs are sold at 36000 and CEs are sold at 38000.

  • More number of CEs have been added than PEs.

  • Max Pain is at 38500 (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 8.75L

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.

 

 

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