Banknifty is under pressure with short and declining max pain. Nifty may go flat. Can do call ratio spread in Nifty & Banknifty
Time: 8:50 am VIX: 39.45 SGX Nifty: 8915 FII: -1328 Cr DII: +1660
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound with negative bias)
Global market is negative and SGX nifty is flat.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 10000.
PEs are added at 8700 and CEs are added at 9300
More number of CEs are added than PEs
MAX Pain is at 9200 (no change)
PCR is no changing
Net future Position is in neutral
Time to sell call ratio
Banknifty (Over all FNO Position: Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 17500 and Highest CE is at 20000.
PEs are sold at 17500 and CEs are sold at 20000.
More number of CEs have been added than PEs
Max Pain is at 18500 (down by 500 points)
PCR is not changing
Net future position is in short
Time to sell call ratio with hedge
Rolled down all CEs
Will Manage the position
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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