Nifty is calm, but long is maintained in Banknifty. No change in max pain. Will lead to range-bound. Can initiate ratio spread in July
Time: 8:00 am VIX: 30.82 SGX Nifty: 9882 FII: -1311 Cr DII: +1945 Cr
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is mixed 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 9600 and CEs are added at 9700
More number of CEs are added than PEs
MAX Pain is at 9900 (no change)
PCR is not changing much
Net future Position is neutral
Time for range-bound strategies in July
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 20000 and Highest CE is at 22000.
PEs are sold at 18500 and CEs are sold at 20500.
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 sell more PEs and less CEs
Initiated Ratio Spread in June
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.