FNO Data looks bearish, but global cues are good. Shorts added in BNF. Nifty is bearish below 15K. Can initiate Iron-Condor in Apr
Time: 9:05 am VIX: 21.71 SGX Nifty: 15074 FII: -942 DII: +163
Option Data Analysis (Apr)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Slightly Bearish)
Global market is up and SGX nifty is bit up
FII is in sell mode
Highest PE is at 14000 and highest CE is at 16000.
PEs are added at 14000 and CEs are added at 13500
More number of CEs are added than PEs
Max pain is at 15000 (no change in max pain)
PCR is not changing
Net future Position is in short
Time to sell CE
Banknifty (Over all FNO Position: Slightly Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 34300 and Highest CE is at 38000
PEs are sold at 34000 and CEs are sold at 37000
More number of CEs have been added than PEs
Max Pain is at 35500 (No change in Max pain)
PCR is not changing
Net future position is in short
Time to sell more CE
My Position (NIL)
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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