Hello friends. I hope you are doing good. Every week in my weekly analysis and options strategies post, I’m taking one common problem and trying to provide you the possible solution to deal with that problem.
As a beginner, there are lots of things we have to figure out before we jump into the live trading with real money. Every day we are facing so many questions and sometimes it seems very difficult to find the solution to that problem.
I have started this blog 3 years back with a commitment that I will help all my fellow traders in every possible way from my experience and the knowledge I have gained till now from this market.
There are many topics I have covered in my previous weekly posts and I know there are lots of the problems still out there. Many traders are dealing with them every day.
Today I’m not sharing my thought, in fact, I’m asking you that what is the biggest problem you are facing right now? Share it with me and I promise I will cover it in my coming articles to help in every possible way.
So click on the below button and share your biggest problem who’s the answer you are expecting from me. I will record all the queries and will try to provide the best solution based on my personal experiences.
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Nifty Weekly analysis with Options strategies
As I have shared in the last weekly analysis post, 10350 – 10550 is a very crucial resistance zone and Nifty should give a breakout for further upside levels.
This week we saw some rally and nifty is trying to sustain above 10550. Now, we have to wait and watch whether nifty is gibing a sustainable breakout from here or again it will slip to its previous week range of 10000 – 10500.
If we got a sustainable breakout in Nifty, then 11200 & 11400 should be the next targets for the short term.
On the downside, 10000 is playing a crucial and psychological level and a breakdown will lead to further weakness in Nifty.
Nifty Weekly expiry option chain analysis
Based on option chain data, the highest Open interest stands at 10500 CE & 10500 PE, followed by 11000 CE & 10400 PE. PCR of all strikes is 1.14, which indicates a neutral market. PCR at 10400 stands at 5.2, which is acting as an immediate support level.
The Put-call ratio at 10800 stands at 0.03, which is acting as a resistance level. Equally, important indicator Option Pain is at 10550, indicating weekly expiry at 10550. A shift in option pain will provide further levels of expiry. So keep tracking max pain.
Significant open interest buildup on both sides from 10000 to 11000. Indicating that Nifty is facing good support around 10000 levels and resistance around 11000 levels. So based on the OI, the possible range for this week should be 10000 – 11000.
Keep tracking open interest to analyze market participant’s behavior, so that you can adjust your position accordingly. If you don’t know how to analyze open interest for weekly option hedging strategies. Just enroll for our Option Strategies – A Mentorship Program.
Nifty weekly expiry Strategy: Iron Condor
Initially, you can keep a stop loss of 10300 & 10800 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 1800₹.
If you find that Nifty is giving a breakdown and sustaining below 10300, then square off call spread and bring it down to 300 points lower levels.
The same thing you can do with put spread means if you got a breakout from 10800. You can shift your put spread to 300 points up.
If you want to learn these Nifty and BankNifty weekly options strategies and their adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program(33% OFF).
Bank Nifty Weekly analysis with options strategy
Last week I have shared that 22500 is the strong resistance level for bank nifty, if we get a breakout Bank Nifty may hit the next upside level which is at 24300.
We saw some rally this week but again bank nifty took resistance exact at 22500 and we saw some profit booking from higher levels. Now Banknifty is trading in a range and we are waiting for a clear BUY or SELL signal.
On the lower side, 20500 – 20000 is acting as a strong support zone. A breakdown from 20000 will lead to the next support level at 18000.
As per the current chart, the range for this week should be 20500 – 22500. You can create a strategy based on this range.
Bank Nifty weekly expiry option chain analysis
Based on Bank nifty option chain data, the highest Open interest stands at 23000 CE & 21000 PE, followed by 22500 CE & 21500 PE. PCR of all strikes is 0.78, which indicates a neutral market. PCR at 21000 stands at 10, which is acting as an immediate support level.
The Put-call ratio at 22500 stands at 0.07, which is acting as a resistance level. Equally, important indicator Option Pain is at 22000, indicating weekly expiry at 22000. A shift in option pain will provide further levels.
Remember one thing: When IV is high, data can change anytime so keep following more closely.
If you don’t know how to do the banknifty weekly option chain analysis, Just enroll for our Option Strategies – A Mentorship Program.
Bank Nifty weekly expiry Strategy: Iron Condor
If you find that BankNifty gives a breakdown and sustaining below 20900, 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 22550. You can shift your put spread to 1000 points up.
If you want to learn these bank nifty weekly expiry strategy and their adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program(33% OFF).
Post your comments in the comment box if you have a query related to the Nifty and Bank Nifty weekly analysis and options strategies. You can ask any question related to option trading in the comment box.
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*( 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 nifty and bank nifty weekly analysis and options 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.