Good long is added in Nifty and banknifty. More PEs added. May reach 11500. Time to sell PE
Time: 8:15 am VIX: 23.64 SGX Nifty: 11333 FII: +246 Cr DII: -1017 Cr
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Slightly Bullish)
Global market is MIXED and SGX nifty is bit up
FII is in BUY mode
Highest PE is at 11000 and highest CE is at 11500.
PEs are added at 11200 and CEs are added at 111300
More number of PEs are added than CEs
MAX Pain is at 11000 (no change)
PCR is not changing
Net future Position is in Long (Including Aug)
Good time to sell PE
Banknifty (Over all FNO Position: Slight Bullish)
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 (no change)
PCR is not changing
Net future position is in long
Good time to sell PE with hedge
Exited Calendar Spread wit 3600
Rolled up CE & Rolled up PE
Sold 10500 PE
Will manage straddle 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.
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.
Now he is taking more heed on hedging portfolio in Option Writing where we might subject to more market risk. He is streamlining his strategies often and improving perpetually. At this time unfolding ways to measure good-quality Trend Following System.
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