There was short covering in Banknifty, but nothing happened much in Nifty. Still FII selling continues. Time to create ratio spread with hedge on June
Time: 8:45 am VIX: 35.81 SGX Nifty: 8915 FII: -1467 Cr DII: +2373
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is up and SGX nifty is flat.
FII is in sell mode
Highest PE is at 9000 and highest CE is at 10000.
PEs are added at 9000 and CEs are added at 9200
More number of PEs are added than CEs
MAX Pain is at 9150 (down by 50 points)
PCR is no changing
Net future Position is in neutral
Time to create ratio spread with hedge
Banknifty (Over all FNO Position: Range-bound with positive bias)
ICICI Bank is up and HDFC Bank is up in USA.
Highest PE is at 17000 and Highest CE is at 20000.
PEs are sold at 17500 and CEs are sold at 19000.
More number of PEs have been added than CEs
Max Pain is at 18500 (no change)
PCR is not changing
Net future position is in short covering
Time to sell more PEs and less CEs
Rolled down all CEs
Rolled up all PEs
Will exit May Series
Will enter June Series
Had trouble in fetching the positions, hence pasting the yesterday close 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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