Overall speculation comes down due to Indo-China border issue. Better to stay out from market
Time: 7:35 am VIX: 32.97 SGX Nifty: 9865 FII: -1479 Cr DII: +1162 Cr
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is up and SGX nifty is flat.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 10500.
PEs are added at 9300 and CEs are added at 10300
More number of CEs are added than PEs
MAX Pain is at 9900 (no change)
PCR is not changing much
Net future Position is profit booking
Better to stay away
Banknifty (Over all FNO Position: Range-bound)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 20000 and Highest CE is at 22000.
PEs are sold at 20500 and CEs are sold at 21500.
More number of CEs have been added than PEs
Max Pain is at 20000 (no change)
PCR is no changing
Net future position is profit booking
Better to say away
Exited all with a loss of 3.5%
NO plan to trade
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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