Huge shorts added in Nifty and profit booking in Banknifty. Max Pain came to 9900. Time for call ratio
Time: 8:03 am VIX: 29.66 SGX Nifty: 9641 FII: -805 Cr DII: -874Cr
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Bearish)
Global market is down and SGX nifty is down.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 10000.
PEs are added at 9300 and CEs are added at 10000
More number of CEs are added than PEs
MAX Pain is at 9900 (down by 100 points)
PCR is not changing much
Net future Position is short
Time for call ratio
Banknifty (Over all FNO Position: Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 20000 and Highest CE is at 22000.
PEs are sold at 20000 and CEs are sold at 21000.
More number of CEs have been added than PEs
Max Pain is at 20000 (no change)
PCR is decreasing
Net future position is profit booking
Time to create call ratio
Rolled down CEs & Pes.
Center point for my butterfly is 9900
Will Manage June Butterfly
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.
Conducting workshop in all Metro Cities (Delhi, Mumbai, Bangalore, Chennai and Coimbatore) often based on queries from Traders.