Shorts are added. Max Pain (Nov) came down to 11800 & 24000. Global cues are weak. Time to sell CE. Avoid Nov contracts
Time: 8:10 am VIX: 22.83 SGX Nifty: 11829 FII: +907 Cr DII: -892 Cr
Option Data Analysis (OCT)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Bearish)
Global market is down and SGX nifty is flat
FII is in buy mode
Highest PE is at 11000 and highest CE is at 12500.
PEs are added at 11500 and CEs are added at 12600
More number of CEs are added than PEs
MAX Pain is at 11800 (down by 100 points)
PCR is not changing
Net future Position is in short
Good time to sell CE with hedge
Banknifty (Over all FNO Position: Slightly Bullish)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 20200 and Highest CE is at 26000.
PEs are sold at 21000 and CEs are sold at 25000.
More number of CEs have been added than PEs
Max Pain is at 24000 (down by 500 points)
PCR is not changing
Net future position is in short
Good time to sell more CEs 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.
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