Still nifty is so strong as pain shifted up to 11700, but BNF is bit weak. Infy may trigger the market today. Time to sell CE in BNF and PE in Nifty
Time: 8:15 am VIX: 20.72 SGX Nifty: 11901 FII: +832 Cr DII: -1674 Cr
Option Data Analysis (OCT)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is down and SGX nifty is down
FII is in buy mode
Highest PE is at 10500 and highest CE is at 12500.
PEs are added at 11600 and CEs are added at 11900
More number of PEs are added than CEs
MAX Pain is at 11700 (up by 100 points)
PCR is not changing
Net future Position is in neutral
Good time to sell more PEs
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 22000 and Highest CE is at 24000.
PEs are sold at 22000 and CEs are sold at 25500.
More number of CEs have been added than PEs
Max Pain is at 23000 (no change)
PCR is not decreasing bit
Net future position is in neutral
Good time to sell more CEs
Sold 12400 CE - 1 lot
Shifted 10500 PE monthly hedge to 11000 PE weekly hedge
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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