Short has been added to Banknifty along with CE OIs. Nifty is strong over RIL. Time to sell CE in ratios
Time: 8:30 am VIX: 33.36 SGX Nifty: 9792 FII: -487 Cr DII: +168 Cr
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is down and SGX nifty is down.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 10000.
PEs are added at 9900 and CEs are added at 10500
More number of CEs are added than PEs
MAX Pain is at 9900 (no change)
PCR is not changing much
Net future Position is neutral
Better to stay away
Banknifty (Over all FNO Position: Slightly Bearish)
ICICI Bank is up and HDFC Bank is flat in USA.
Highest PE is at 20000 and Highest CE is at 22000.
PEs are sold at 20000 and CEs are sold at 21000.
More number of CEs have been added than PEs
Max Pain is at 20000 (no change)
PCR is no changing
Net future position is in short
Better to sell call ratio
NO plan to trade
Open Positions (NIL)
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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