Not much speculation seen though market went up. Banknifty is weaker than Nifty. may lead to flat market. Time for range-bound strategies
Time: 7:43 am VIX: 18.03 SGX Nifty: 13415 FII: +3792 DII: -2767
Option Data Analysis (Dec)
Index | Max Pain | PCR | Highest OI
| Highest Increase in OI
| ||||||
Nifty | 13000 | 1.78 | 12000 | 13000 | 13300(162%) | 13500 (8%) | ||||
Banknifty | 29500 | 1.43 | 27000 | 32000 | 26500 (19%) | 30500 (42%) | ||||
Future Analysis (Nifty & Banknifty)
Symbol | Expiry Date | Last Price | Chg | Chg | Open Interest | ||
31-Dec-20 | 13,382.80 | 71.20 | 0.53% | 12,769,050 | 237,525 | 1.90% | |
31-Dec-20 | 30,267.00 | 76.05 | 0.25% | 1,784,650 | 26,625 | 1.51% |
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is flat and SGX nifty is flat
FII is in buy mode
Highest PE is at 12000 and highest CE is at 13000.
PEs are added at 13300 and CEs are added at 13500
More number of PEs are added than CEs
Max pain is at 13000 (Up by 100 points)
PCR is not changing
Net future Position is in neutral
Time for range bound strategies
Banknifty (Over all FNO Position: Range-bound with negative bias)
ICICI Bank is up and HDFC Bank is down in USA.
Highest PE is at 27000 and Highest CE is at 32000
PEs are sold at 26500 and CEs are sold at 30500
More number of CEs have been added than PEs
Max Pain is at 29500 (down by 1500 points)
PCR is not changing
Net future position is in neutral
Time to sell more CE
Executed Trades
Rolled 13500 CE to 13900 - IC
Rolled 12400 PE to 12800 – Strangle
No changes - Straddle
Trading Plan
Will manage short strangle, short straddle and chicken IC
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.