Weekly Analysis and Options strategies for 05th November Expiry

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Hello friend, I hope you are doing good. I know successful trading is a tough job. We have to follow our system with proper discipline and patience. I started this weekly analysis with Options strategies blog post to help with the knowledge and experience I have gained from my nine years trading career.

When we start our trading career, the first obstacle we face is how to create a profitable trading system. We all are keeping more focus on a holy grail (a strategy) which can generate a good return for us.

But every system has its own limitations. No trading system is perfect. A good trading system is just the first step. If you want to make money from that system, you need to focus on trading psychology first. Trading psychology is an essential thing that will create a real difference in your trading journey.

Why Trading psychology is Important?

When I started my trading career I was searching for a good trading system but later I realized that no system will work if you don’t have that mindset. The right mindset is required to follow a system with proper discipline and patience.

And I think this is the main reason behind the different outcomes we are getting from the same trade but from two different persons. When we are not getting that same outcome we start blaming or asking ourselves that is this system still working? and jump on the other system. This cycle goes on and one day we lost all our confidence and stoped trading with a huge loss.

I think both persons are right at their positions, the real problem is trade management. One is managing his trade well with the right mindset that’s why the outcome was different. So my suggestion here is to focus on trading psychology first and then trade management. If you can manage your trade well, you will get a desirable return even from the simplest trading system.

Two books I’m recommending if you are a beginner:

  1. Come Into My Trading Room: A Complete Guide to Trading – Alexander Elder
  2. The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management

These two books help me lots to change my mindset to keep my efforts in the right direction. Wanted to know how I’m trading and managing my risk? Click on below button.

Nifty weekly analysis and Options strategies

nifty chart today

After a good rally from 10800, we saw Nifty is facing resistance around 12000. From last 2 weeks, Nifty is trading in a tight range of 11800 – 12000.

Now based on the chart, 11800 – 12000 is acting as a strong resistance zone and 11000 – 10800 is acting as a strong support zone. We may expect a range bound activity in Nifty, till we are not getting any successful breakout or breakdown from these zones.

Range for coming sessions can be 11000 – 12000.

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Nifty weekly option chain analysis

Weekly option chain analysis

Based on option chain data available at the time of writing this post, the highest Open interest stands at 12000 CE & 10500 PE, followed by 11700 CE & 11600 PE. PCR of all strikes is 0.94, which indicates a neutral market. PCR at 11500 stands at 9.01, which is acting as an immediate support level.

The Put-call ratio at 12000 stands at 0.06, which is acting as a resistance level. Equally, important indicator Option Pain is at 11700, indicating weekly expiry at 11700. A shift in option pain will provide further levels of expiry. So keep tracking max pain.

Significant open interest buildup on CALL sides. Indicating good pressure from higher levels. So based on the OI, the possible range for this week should be 11500 – 12000.

Keep tracking change in open interest to analyze market participant’s behavior, so that you can adjust your position accordingly. If you don’t know how to do weekly analysis to find the best Weekly nifty and bank nifty options strategies. Just enroll for our Option Strategies – A Mentorship Program.

Nifty Weekly options Strategies: Iron Condor

nifty weekly options strategies

Possible adjustments for Nifty options strategies:

Initially, you can keep a stop loss of 11250 & 11950 for this strategy. Means square off if you find nifty is giving a breakout or breakdown. Or you can do this adjustment too. ( Do not hold this strategy is loss is more than 2500₹).

If you find that Nifty is giving a breakdown and sustaining below 11250, then square off call spread and bring it down to 400 points lower levels.

The same thing you can do with put spread means if you got a breakout from 11950. You can shift your put spread to 400 points up.

If you want to learn how to do weekly analysis to find the Weekly nifty options strategies with adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program.

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Bank Nifty weekly analysis and Options strategies

banknifty chart today

After a good rally from 21000 levels, We can see BankNifty is facing resistance from higher levels. Now 24400 – 25200 is acting as a good resistance zone and a breakout will give us new upside levels.

On the Downside, a good support zone is at 23200 – 23000. A breakdown from 23000 will drag banknifty again its previous range of 21000 to 23000.

Right now, we may expect some range-bound activity until we are not getting any breakout or breakdown from 25200 to 23000. We may see high volatility in market due to US election next week. So keep your positions with proper hedge.

Expected range for BankNifty is 23000 to 24500.

Weekly Bank Nifty options chain analysis

weekly open interest analysis.

Based on Bank nifty option chain data, the highest Open interest stands at 25000 CE & 23000 PE, followed by 25500 CE & 22000 PE. PCR of all strikes is 0.73, which indicates a neutral zone. PCR at 23000 stands at 10, which is acting as an immediate support level.

The Put-call ratio at 24000 stands at 0.14, which is acting as a resistance level. Equally, important indicator Option Pain is at 24000, indicating weekly expiry at 24000. A shift in option pain will provide further levels.

If you don’t know how to do the weekly analysis to find your bank nifty options strategies, Just enroll for our Option Strategies – A Mentorship Program.

BankNifty weekly option Strategies: Iron Condor

banknifty weekly options strategies

Possible adjustments for Bank nifty weekly options strategies:

Possible adjustments for this weekly Bank Nifty option Strategies are:

  1. Follow a stop-loss if the max loss is above 2000₹, close this strategy.
  2. If you find that Bank Nifty gives a breakdown and sustaining below 22500, then shift your Call spread to 1000 points down. The same thing you can do with put spread means if you got a breakout from 24600. You can shift your put spread to 1000 points up.

If you want to learn these bank nifty option strategies with adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program(Festive offer is live).

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Post your comments in the comment box if you have a query related to the weekly analysis and Best Nifty and Bank Nifty options Strategies. You can ask any question related to option trading in the comment box.

If you need More real-time assistance on how to find the Nifty and Bank nifty options strategies, Can take our premium subscription or open a trading account with us and you will get real-time assistance every month on the weekly analysis with Nifty and bank nifty options trading strategies. You can contact us on WhatsApp

*( Please avoid any question like which Call or Put we should buy in the coming week).


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DISCLAIMER: – we are not a SEBI research analyst. Views or the weekly analysis with nifty and bank nifty options trading strategies posted here only for educational purposes. There is no liability whatsoever for any loss arising from the use of this product or its contents. This product is not a recommendation to buy or sell, but rather a guideline to interpreting specified analysis methods.  This information should only be used by investors and traders who are aware of the risk inherent in securities trading.

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8+ Years working as a derivative trader, Option Writer, Blogger, Trader by passion, Keen Follower of Indian share market

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