Nifty is tired, but Banknifty is adamant to drag Nifty. Main comes down in Banknifty. Time for call ratio with hedge in Banknifty
Time: 8:58 am VIX: 38.01 SGX Nifty: 9144 FII: -2388 Cr DII: +1225
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is up and SGX nifty is flat.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 10000.
PEs are added at 8500 and CEs are added at 9300
More number of CEs are added than PEs
MAX Pain is at 9300 (no change)
PCR is not changing
Net future Position does not much change
Time to sell more CE and less PE with hedge
Banknifty (Over all FNO Position: Range-bound with negative bias)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 19000 and Highest CE is at 20000.
PEs are sold at 17000 and CEs are sold at 19000.
More number of CEs have been added than PEs
Max Pain is at 19000 (500 points)
PCR is not changing
Net future position is in short
Time to sell call ratio with hedge
Will Manage the position
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.