Good amount of long added in Nifty and Banknifty. 17500 seems to be good support. OI senses bullishness. Time to sell more PE in OCT
Time: 8:45 am VIX: 16.49 SGX Nifty: 17647 FII: -1943 DII: +1850
Option Data Analysis (Oct)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Slightly Bullish)
Global market is up and SGX nifty is up.
FII is in sell mode.
Highest PE is at 17000 and highest CE is at 18000.
PEs are added at 17000 and CEs are added at 18000.
More number of PEs are added than CEs.
Max pain is at 17500 (No change in max pain)
PCR is not changing
Net future Position is in Long.
Time to sell more PE
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is flat and HDFC Bank is up in USA.
Highest PE is at 37000 and Highest CE is at 38500
PEs are sold at 35000 and CEs are sold at 38000.
More number of CEs have been added than PEs.
Max Pain is at 37000 (No change in max pain)
PCR is not changing.
Net future Position is in neutral
Time to sell more PE
Done Intraday Trading and made loss of 25k
Will do intraday trading.
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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