No speculation seen and not much change in FNO data. 14900 seems to be crucial support and resistance. Time for short strangle in Apr
Time: 8:40 am VIX: 19.99 SGX Nifty: 14908 FII: +149 DII: -297
Option Data Analysis (Apr)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is up and SGX nifty is down
FII is in sell mode
Highest PE is at 14000 and highest CE is at 15000.
PEs are added at 14000 and CEs are added at 15600
More number of PEs are added than CEs
Max pain is at 14700 (No Change in Max Pain)
PCR is not changing
Net future Position is in Neutral
Time to sell more PE and less CE
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 30000 and Highest CE is at 40000
PEs are sold at 33000 and CEs are sold at 36000
More number of PEs have been added than CEs
Max Pain is at 34000 (No change in Max Pain)
PCR is not changing
Net future position is in Short Covering
Time to sell more PE and less CEs
Done only R & D Strategies
Will initiate short strangle today
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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