Shorts added in BNF and long added in Nifty. Market may result in high volatile, but may go flat. Time to sell CE in BNF and PE in Nifty in March
Time: 8:45 am VIX: 25.23 SGX Nifty: 15818 FII: -1569 DII: +217
Option Data Analysis (Mar)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Bullish)
Global market is mixed and SGX nifty is up
FII is in sell mode
Highest PE is at 14000 and highest CE is at 16000.
PEs are added at 14000 and CEs are added at 14800
More number of PEs are added than CEs
Max pain is at 14800 (No change in Max pain)
PCR is not changing
Net future Position is in Long
Time to sell PE
Banknifty (Over all FNO Position: Bearish)
ICICI Bank is up and HDFC Bank is down in USA.
Highest PE is at 34000 and Highest CE is at 37000
PEs are sold at 33500 and CEs are sold at 37000
More number of CEs have been added than PEs
Max Pain is at 35500 (Down by 500 points)
PCR is not changing
Net future position is in short
Time to sell CE
Rolled down CEs to 37000 @ 16.5 - 3 lots
Will manage naked CE
Will initiate positions in March
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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