Equal speculation in both sides, Market may go to side-ways for few days. Good time to take straddle at 9800 and 24000

Time: 8:30 am   VIX: 13.17      SGX Nifty: 9791       FII: -5328 Cr        DII: +5197 Cr Open Interest Analysis Index Max Pain PCR Highest OI PE CE Highest Increase in OI PE           CE Nifty 9800 0.87 9700 10000 9500 (41%) 9800 (105%) Banknifty 24000 1.26 24500 25500 25500 (2556%) 25500 (233%)

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Expiry to kill retail option traders Sold all strike prices (CE and PE). Executed 128 trades and made profit of 25K today

Open Positions Product Instrument Qty. Avg. price LTP P&L Chg. NRML BANKNIFTY17OCT22500PE NFOADD EXIT -400 54.00 51.00 +1200.00 -5.56% MIS BANKNIFTY17SEP23500PE NFO 0 0.00 0.05 +9906.00 NA MIS BANKNIFTY17SEP23600PE NFO 0 0.00 0.10 +11576.00 NA MIS BANKNIFTY17SEP23700CE NFO 0 0.00 290.00 +1386.00 NA MIS BANKNIFTY17SEP23700PE NFO 0 0.00 0.05 +42224.00 NA MIS BANKNIFTY17SEP23800CE NFO 0 0.00 207.50

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Today is Judgement day, Unwinding at 24000 PE and breaking 9685 will create panic today. PCR is ultra-weak. Sell only CEs

Time: 8:35 am   VIX: 13.86      SGX Nifty: 9765       FII: -856 Cr        DII: +1858 Cr Open Interest Analysis Index Max Pain PCR Highest OI PE CE Highest Increase in OI PE           CE Nifty 9800 0.66 9700 9900 9600 (7%) 9800 (239%) Banknifty 24000 0.59 24000 25000 23700 (49%) 24100 (482%)

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Distribution started in all heavy weights. Shorts are added. MaxPain moves down & PCR is weak. Sell CE alone.

Time: 6:15 am   VIX: 12.93      SGX Nifty: 9850       FII: -1916 Cr        DII: +1537 Cr Open Interest Analysis Index Max Pain PCR Highest OI PE CE Highest Increase in OI PE           CE Nifty 9900 0.81 9800 10000 9800 (17%) 9900 (27%) Banknifty 24300 0.80 24000 25000 23900 (70%) 24500 (22%)

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Profit booking started, no shorts added yet. MaxPain is higher than spot. Nifty & Banknifty may hang at 10000 & 24500

Time: 7:50 am   VIX: 12.81      SGX Nifty: 10000       FII: -1242 Cr        DII: +521 Cr Open Interest Analysis Index Max Pain PCR Highest OI PE CE Highest Increase in OI PE           CE Nifty 10000 0.95 9900 10200 9950 (64%) 10000 (129%) Banknifty 24600 0.91 24000 25000 23800 (313%) 25000 (47%)

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