Though there was profit booking, max pain shifted up to 111000 which is strong support. Time to have ratio spread
Time: 7:30 am VIX: 24.73 SGX Nifty: 11144 FII: +207 Cr DII: -387 Cr
Option Data Analysis
Highest Increase in OI
Future Analysis (Nifty & Banknifty)
Nifty (Over all FNO Position: Range-bound)
Global market is down and SGX nifty is up
FII is in BUY mode
Highest PE is at 11000 and highest CE is at 11500.
PEs are added at 11000 and CEs are added at 11500
More number of CEs are added than PEs
MAX Pain is at 11100 (up by 100 points)
PCR is not changing
Net future Position is in short
Good time to ratio spread
Banknifty (Over all FNO Position: Range-bound with negative bias)
ICICI Bank is down and HDFC Bank is down in USA.
Highest PE is at 20000 and Highest CE is at 23000.
PEs are sold at 20000 and CEs are sold at 22500.
More number of CEs have been added than PEs
Max Pain is at 22000 (no change)
PCR is not changing
Net future position is in short
Good time to sell CE
Exited bought option at 11300
Will manage straddle and ratio spread
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.