Not much long added yet, but bullish setup remains same as pain goes up. 17500 seems to be good resistance. Time to sell more PE and less CE in Oct
Time: 7:58 am VIX: 13.73 SGX Nifty: 17520 FII: +233 DII: +168
Option Data Analysis (Sep)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is negative and SGX nifty is flat.
FII is in buy mode.
Highest PE is at 17000 and highest CE is at 17500.
PEs are added at 17500 and CEs are added at 17600.
More number of PEs are added than CEs.
Max pain is at 17200 (Up by 150 points)
PCR is not changing
Net future Position is in neutral
Time for chicken iron condor
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is down in USA.
Highest PE is at 35000 and Highest CE is at 37000
PEs are sold at 37000 and CEs are sold at 37000.
More number of PEs have been added than CEs.
Max Pain is at 36500 (No change in max pain)
PCR is not changing.
Net future Position is in neutral.
Time to have iron condor.
Done Intraday Trading and made profit of 1.25L
Will do intraday trading.
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.
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