No change in max pain, future OI, but still PE OIs are added in 17000 as a strong support. Looks range-bound. Can do range-bound strategies
Time: 8:35 am VIX: 14.90 SGX Nifty: 17416 FII: -145 DII: -136
Option Data Analysis (Sep)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is mixed and SGX nifty is flat.
FII is in sell mode.
Highest PE is at 17000 and highest CE is at 17500.
PEs are added at 17400 and CEs are added at 17400.
More number of PEs are added than CEs.
Max pain is at 17000 (No change in Max pain)
PCR is not changing
Net future Position is in neutral
Time for chicken iron condor
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is down in USA.
Highest PE is at 35000 and Highest CE is at 38000
PEs are sold at 34500 and CEs are sold at 37500.
More number of PEs have been added than CEs.
Max Pain is at 36100 (No change in max pain)
PCR is not changing.
Net future Position is in neutral.
Time to have iron condor.
Done intraday Trading and made Loss of 3L
Will do intraday 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.
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