Nifty unable to convince BankNifty, BankNifty is Still Rigid. Time for Call-Ratio
Time: 9:05 am VIX: 33.02 SGX Nifty: 9015 FII: -258 Cr DII: 401
Option Data Analysis
Highest Increase in OI
Future & Analysis (Nifty & Banknifty stocks)
Nifty (Over all FNO Position : Slightly 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 9500
More number of CEs are added than PEs
MAX Pain is at 9100 (down by 50 points)
PCR is decreasing
Net future Position is in Neutral
Market may go range bound with negative-bias, Time to sell Call-Ratio
Banknifty (Over all FNO Position: Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 17500 and Highest CE is at 19000.
PEs are sold at 17000 and CEs are sold at 19000.
More number of CEs have been added than PEs
Max Pain is at 18000 (Down by 500 points)
PCR is decreasing
Net future position is in Short
Time for call-ratio
Bank Nifty is Bearish
Managed ration-spread in May series. Exited all position with 4%.
Done Expiry with 50K MTM
Initiated June Series.
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.
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