FNO Data indicates range-bound market despite of big spike in Banknifty. Pain came down 11650. Looks flat. Time for iron condor in Nifty
Time: 8:43 am VIX: 20.21 SGX Nifty: 11972 FII: +822 Cr DII: -1276 Cr
Option Data Analysis (OCT)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is down and SGX nifty is flat
FII is in buy mode
Highest PE is at 10500 and highest CE is at 12500.
PEs are added at 11700 and CEs are added at 11900
More number of PEs are added than CEs
MAX Pain is at 11650 (down by 50 points)
PCR is not changing
Net future Position is in neutral
Good time to sell strangle
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 21000 and Highest CE is at 24000.
PEs are sold at 24000 and CEs are sold at 27500.
More number of PEs have been added than CEs
Max Pain is at 23000 (no change)
PCR is not changing
Net future position is in neutral
Good time to sell strangles
Rolled up 11000 PE to 11600 PE
Will manage Condor & Straddle
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.
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