Though market fell down at close, not short added. Still FNO data is silent. May lead to range-bound. Time for range-bound strategies
Time: 8:37 am VIX: 20.31 SGX Nifty: 14888 FII: +111 DII: +553
Option Data Analysis (Apr)
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 14000 and highest CE is at 15000.
PEs are added at 15000 and CEs are added at 15000
More number of PEs are added than CEs
Max pain is at 14700 (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: Range-bound)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 30000 and Highest CE is at 35000
PEs are sold at 29000 and CEs are sold at 35000
More number of CEs have been added than PEs
Max Pain is at 33500 (No change in Max Pain)
PCR is not changing
Net future position is in Neutral
Time to sell more PE and less CEs
Exited the short at 15013 with SL 14975
Exited put calendar with a profit of 1300
Exited hedged ratio with profit of 2400
Initiated simple short strangle at Close Sold 13600 PE and 15700 CE in Apr (Monthly)
Will manage short strangle
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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