Still some long added in Banknifty which is stronger than Nifty. Looks positivity continues and looks bullish. Time to sell more PE
Time: 8:37 am VIX: 18.05 SGX Nifty: 17950 FII: -595 DII: +1398
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 up.
FII is in sell mode.
Highest PE is at 17000 and highest CE is at 18000.
PEs are added at 17900 and CEs are added at 18500.
More number of CEs are added than PEs.
Max pain is at 17700 (Up by 100 points)
PCR is not changing
Net future Position is in Long.
Time to sell more PE
Banknifty (Over all FNO Position: Bullish)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 36000 and Highest CE is at 38500
PEs are sold at 36000 and CEs are sold at 36000.
More number of PEs have been added than CEs.
Max Pain is at 37500 (No change in max pain)
PCR is not changing.
Net future Position is in long
Time to sell more PE
Done intraday Trading and made loss of 95k
Will do intraday trading.
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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