Not much shorts added. Panic was created so much by VIX. Global market is too weak. Looks range-bound to me. Time to sell options only on close
Time: 8:55 am VIX: 17.49 SGX Nifty: 175425 FII: +93 DII: -1627
Option Data Analysis (Oct)
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 up.
FII is in buy mode.
Highest PE is at 16500 and highest CE is at 18000.
PEs are added at 17000 and CEs are added at 17600.
More number of CEs are added than PEs.
Max pain is at 17500 (No change in max pain)
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 37000 and Highest CE is at 38000
PEs are sold at 36500 and CEs are sold at 38000.
More number of CEs have been added than PEs.
Max Pain is at 37100 (Up by 100 points)
PCR is not changing.
Net future Position is in Neutral
Time to have iron condor.
Done Intraday Trading and made loss of 6.3L
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.
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