Banknifty is too weak & IT and RIL are strong. Nifty should cross 11250 to go up further. Can sell CE in BNF & PE in Nifty
Time: 8:25 am VIX: 25.02 SGX Nifty: 11117 FII: -453 Cr DII: -978 Cr
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is bit up and SGX nifty is bit up
FII is in sell mode
Highest PE is at 11000 and highest CE is at 11500.
PEs are added at 10900 and CEs are added at 11700
More number of CEs are added than PEs
MAX Pain is at 11000 (no change)
PCR is not changing
Net future Position is in neutral (Including Aug)
Good time for ratio spreads
Banknifty (Over all FNO Position: Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 21500 and Highest CE is at 23000.
PEs are sold at 21500 and CEs are sold at 22500.
More number of CEs have been added than PEs
Max Pain is at 22000 (down by 500 points)
PCR is decreasing
Net future position is in short
Good time to sell CE with hedge
Exited butterfly with Rs 350 loss
Will manage straddle, calendar and ratio spread
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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