Shorts are added in BNF which drags Nifty as well. Huge CE OIs added. Looks negative. Time to sell more CE
Time: 8:07 am VIX: 21.54 SGX Nifty: 15048 FII: +903 DII: -1237
Option Data Analysis (Mar)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is down and SGX nifty is bit up
FII is in buy mode
Highest PE is at 14000 and highest CE is at 16500.
PEs are added at 14000 and CEs are added at 15500
More number of CEs are added than PEs
Max pain is at 14800 (No change in Max pain)
PCR is not changing
Net future Position is in neutral
Time to sell more PE and less CE
Banknifty (Over all FNO Position: Bearish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 25000 and Highest CE is at 37000
PEs are sold at 34000 and CEs are sold at 37000
More number of CEs have been added than PEs
Max Pain is at 36000 (No change in Max Pain)
PCR is not changing
Net future position is in short
Time to sell more PE
No changes - Elite+
Sold Naked CE in BNF - 38500
Will manage Elite+
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.
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.
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