Long added on Nifty, but no speculation is seen in Banknifty. Looks bullish as of now. Time to sell PE in Nifty and CE in Banknifty
Time: 7:30 am VIX: 20.87 SGX Nifty: 15372 FII: +242 DII: -439
Option Data Analysis (Jun)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Slightly bullish)
Global market is up and SGX nifty is up.
FII is in buy mode.
Highest PE is at 14000 and highest CE is at 16000.
PEs are added at 15000 and CEs are added at 15300.
More number of PEs are added than PEs.
Max pain is at 15000 (No change in Max Pain)
PCR is not changing.
Net future Position is in long.
Time to sell only PE.
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 33000 and Highest CE is at 40000
PEs are sold at 33000 and CEs are sold at 38500.
More number of CEs have been added than PEs.
Max Pain is at 34500 (No change in max pain)
PCR is not changing.
Net future position is in neutral.
Time to sell strangle.
Did intraday trading and exited with No-Profit-No-Loss.
Will do only expiry trading
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.