Shorts added again in future. Banknifty is super weak as max pain comes down by 1000 points. Time to sell CE alone

Time:​​ 6:50​​ am VIX:​​ 14.98 ​​ SGX Nifty:​​ 17871​​ FII:​​ -344​​ DII:​​ -61

 

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 (6%)​​ 

18800 (25%)

Banknifty

38500

0.67

40000

40000

39000 (28%)

39000 (58%)

 

Future Analysis (Nifty & Banknifty

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Dec-21

17,960.00

-103.25

-0.57%

1,670,300

265,300

18.88%

BANKNIFTY

30-Dec-21

38,271.95

-314.80

-0.82%

396,350

50,750

14.68%

 

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 CEs.

  • Max pain is at 18000 (No Change in Max Pain)

  • PCR​​ is not changing

  • Net future Position is in short.

  • Time to sell CE

 

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

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

  • Highest PE is at 40000 and Highest CE is at 40000

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

  • More number of CEs have been added than PEs.

  • Max Pain is at 38500 (Down by 1000 points)

  • PCR is not changing.

  • Net future Position is in short.

  • Time​​ to sell CE

 

Executed Trades

  • Done Intraday Trading and made loss of 50K

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.