Only shorts are covered, no fresh long added, but 17500 seems to be good support. Looks range-bound. Time for iron-condor
Time: 7:20 am VIX: 18.02 SGX Nifty: 17630 FII: -4477 DII: +1412
Option Data Analysis (Dec)
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 up.
FII is in sell mode.
Highest PE is at 17000 and highest CE is at 18000.
PEs are added at 17300 and CEs are added at 17500.
More number of PEs are added than CEs.
Max pain is at 17500 (No change in max pain)
PCR is not changing
Net future Position is in long.
Time to sell CE
Banknifty (Over all FNO Position: Range-bound with positive bias)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 36000 and Highest CE is at 41000
PEs are sold at 35500 and CEs are sold at 38000.
More number of PEs have been added than CEs.
Max Pain is at 38000 (Down by 500 points)
PCR is not changing.
Net future Position is in long
Time to sell CE
Done Intraday Trading and made loss of 2.13L
Positional profit 27k
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.
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