Was just short covering, not fresh long added. Looking for consolidation between 17000 – 17500. Time for range-bound strategies

Time:​​ 7:30 am VIX:​​ 18.09SGX Nifty:​​ 17367​​ FII:​​ -910​​ DII:​​ +1373

 

Option Data Analysis (Dec)

 

Index

Max Pain

PCR

Highest OI

PE

 

CE

Highest Increase in OI

PE

 

 CE

Nifty

17300

1.34

17000

18000

17300 (48%)​​ 

18000 (5%)

Banknifty

37200

0.92

35000

39000

35500 (44%)

39000 (13%)

 

Future Analysis (Nifty & Banknifty

Symbol

Expiry Date

Last Price

Chg
(Rs)

Chg
(%)

Open Interest

Change in OI

Change (%)

NIFTY

30-Dec-21

17,440.00

218.10

1.27%

12,169,200

444,550

3.79%

BANKNIFTY

30-Dec-21

36,657.90

189.65

0.52%

2,406,275

-67,700

-2.74%

 

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

  • Global​​ market is bit 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 17300 and CEs are added at 18000.

  • More number of PEs are added than CEs.

  • Max pain is at 17300 (No change in max pain)

  • PCR​​ is not changing

  • Net future Position is in neutral.

  • Time to sell​​ PE and CE

 

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

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

  • Highest PE is at 35000 and Highest CE is at 39000

  • PEs are sold at 35500 and CEs are sold at 39000.

  • More number of PEs have been added than CEs.

  • Max Pain is at 37200 (Down by 100 points)

  • PCR is not changing

  • Net future Position is in neutral.

  • Time to sell​​ PE and​​ CE

 

Executed Trades

  • Done Expiry Trading and made profit of 9L.

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.