Pain consistently is up in Nifty & Banknifty. Longs are rolled-over to next month. Market eyes on 12K & Looks positive and time to sell more PE with hedge
Time: 8:20 am VIX: 21.83 SGX Nifty: 11953 FII: +907 Cr DII: -892 Cr
Option Data Analysis (OCT)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Slightly Bullish)
Global market is up and SGX nifty is bit up
FII is in buy mode
Highest PE is at 10500 and highest CE is at 12500.
PEs are added at 11800 and CEs are added at 12500
More number of PEs are added than CEs
MAX Pain is at 11800 (up by 100 points)
PCR is not changing
Net future Position is in neutral
Good time to sell PE with hedge
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 24000 and Highest CE is at 25000.
PEs are sold at 24000 and CEs are sold at 25000.
More number of PEs have been added than CEs
Max Pain is at 24200 (up by 200 points)
PCR is not changing
Net future position is in neutral
Good time to sell more PEs with hedge
No plan as of now
My Position (No Positions)
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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