Though CEs are added bit, still pain moves up. May result in consolidation with positive note. Time for iron condor in Feb
Time: 8:25 am VIX: 23.03 SGX Nifty: 14568 FII: +1077 DII: -188
Option Data Analysis (Jan)
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound with positive bias)
Global market is mixed and SGX nifty is flat
FII is in buy mode
Highest PE is at 14000 and highest CE is at 15000.
PEs are added at 13850 and CEs are added at 15000
More number of CEs are added than PEs
Max pain is at 14150 (Up by 50 points)
PCR is not changing
Net future Position is in neutral
Time for iron condor in Feb
Banknifty (Over all FNO Position: Range-bound with positive bias)
ICICI Bank is down and HDFC Bank is flat in USA.
Highest PE is at 28000 and Highest CE is at 33000
PEs are sold at 32500 and CEs are sold at 32500
More number of PEs have been added than CEs
Max Pain is at 31700 (Up by 200 points)
PCR is not changing
Net future position is in neutral
Time for Jeep in Jan
Exited chicken IC
Taken 14600 Straddle
Exited 15000 CE & Sold 15200 * 2 – Straddle
Taken reverse Jeep in BNF
Will Manage Jeep and Straddle
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.
Conducting workshop in all Metro Cities (Delhi, Mumbai, Bangalore, Chennai and Coimbatore) often based on queries from Traders.