Nifty looks tired, but banknifty shows some strength now, but global market drag the market down. Time to wait & sell options in late evening
Time: 9:00 am VIX: 12.13 SGX Nifty: 11305 FII: -1503 Cr DII: +1918 Cr
Option Data Analysis (Weekly)
Highest Increase in OI
Future Data Analysis
Long Build Up
Short Build Up
UPL, Airtel, VEDL
Hero, Bajaj Finserv, ZEEL, Bajaj Finance, MM, Tamo, ICICI
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is down and SGX nifty is down
FII is in sell side
Highest PE is at 11200 and highest CE is at 11400
PEs are added at 11150 and CEs are removed at 11300
More number of PEs have been added than CE
MAX Pain is at 11300 (no change)
PCR is not changing much
Net future Position is in light long
Time to create twisted sister
Banknifty (Over all FNO Position: Slightly Bullish)
HDFC Bank is down and ICICI Bank is up in USA.
Highest PE is at 29000 and Highest CE is at 30000.
PEs are sold at 29000 and CEs are sold at 30000
More number of CEs have been added than PE
Max Pain is at 29200 (up by 100 points)
PCR is increasing
Net future Position is in bit long
Time to sell PE with protection
Will try to sell PE in Banknifty and CE in Nifty
Open Positions (NIL)
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.
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