More longs added to BNF, but not yet in Nifty. High OI shifted to 27000. BNF looks stronger than Nifty. Time to sell PE in Banknifty
Time: 6:45 am VIX: 24.24 SGX Nifty: 11800 FII: +2274 DII: -1101
Option Data Analysis (NOV)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Rang-bound)
Global market is flat and SGX nifty is up
FII is in buy mode
Highest PE is at 11000 and highest CE is at 12000.
PEs are added at 11800 and CEs are added at 12200
More number of PEs are added than CEs
No Change in MAX pain
PCR is not changing
Net future Position is in neutral
Good time to have ratio spread in Nov
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 21000 and Highest CE is at 27000.
PEs are sold at 25500 and CEs are sold at 27000.
More number of PEs have been added than CEs
Max pain increase by 300 points
PCR is not changing
Net future position is in long
Good time to sell PE with hedge
My Position (No Positions)
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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