Weekly analysis and options strategies for 26th Nov expiry

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Hey folks! I hope you are safe and healthy in this COVID-19 pandemic. Like every week, today again I’m sharing Nifty and Bank Nifty weekly analysis and the weekly options strategies for 26th November 2020 expiry.

In the last few weeks, we have seen a sharp upside movement in both the indices that help to make a new 52 week high in Nifty and BankNifty. Now the market is trading at the higher levels, and sell-off due to profit booking can’t be ignored. So it’s time to trail the stop-loss to lock the profit in you are holding a long trade in Nifty or BankNifty.

One more thing you should keep in mind here that the market is trading at higher levels, but there is no sign of weakness. So do not take any contra trade in the hope that because the market is trading at a higher level and now it will fall. You should follow your system and take an entry when there is a proper buy or sell signal.

I believe in reacting instead of predicting things. Means we should follow the data and act only when there a solid reason to react. For example, we have seen many people say that if the market gives a breakout or breakdown from “x” level, then it will go to “y” level. I say, Let market gave a breakout or breakdown from “x” level first then we will analyse and react accordingly.

We all have a different mindset. Every trade is trading with his/her own psychology and methodology. We may have contra views, but that’s how I’m making my decisions. Let us keep ourself one step behind the market, not one step ahead of the market.

So do not try to predict the breakouts or breakdowns. Let then happen first, and based on that data, you can form your trading decisions. The only thing we should follow when the market is trading near to its breakout or breakdown levels is, trail your stop loss and lock your profit.

If you have any query related to your trading, you can ask me in the comment box or twitter. I will love to help you in every possible way.

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Nifty weekly analysis and Weekly Options strategies

nifty chart today

After a very good rally, we can see Nifty is taking some halt and trading around its resistance level of 13000. A breakout from 13000 will lead to further upside levels.

On the downside, 12500 & 12000 are acting as the strong support levels. A breakdown from 12000 will lead to further downside levels.

12500 – 13000 is the range we can expect in the coming week until we are not getting any breakout or breakdown from this range. The overall trend is UP, and there is no sign of weakness. So we should only look at long opportunities. Do not trade based on the hope that the market is the highest level, and now it will come down.

Nifty weekly option chain analysis

nifty weekly option chain analysis

Based on option chain data available at the time of writing this post, the highest Open interest stands at 13000 CE & 12000 PE, followed by 12900 CE & 12800 PE. PCR of all strikes is 1.15, which indicates a neutral market. PCR at 12500 stands at 2.92, which is acting as an immediate support level.

The Put-call ratio at 13000 stands at 0.20, which is acting as a resistance level. Equally, important indicator Option Pain is at 12700, indicating weekly expiry at 12700. A shift in option pain will provide further levels of expiry. So keep tracking max pain.

Significant open interest buildup on both side. Indicating good pressure from higher levels. So based on the OI, the possible range for this week should be 12500 – 13000.

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Keep tracking change in open interest to analyze market participant’s behaviour, 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 weekly options strategies. Just enroll for our Option Strategies – A Mentorship Program.

Nifty Weekly options Strategies: Iron Condor

nifty weekly options strategy

Possible adjustments for Nifty options strategies:

Initially, you can keep a stop loss of 12500 & 13000 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 2000₹).

If you find that Nifty is giving a breakdown and sustaining below 12500, 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 13000. 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 enrol in our Option Strategies – A Mentorship Program.

BankNifty weekly analysis and Weekly Options strategies

banknifty chart today

After a good rally, BankNifty is taking some rest around its resistance zone at 29000 to 29300. A breakout from 29300 will lead to some higher levels.

On the downside, 26300 to 25300 is acting as a strong support zone and a breakdown from 25300 will lead to some lower levels.

The overall trend is UP but we may see some downside levels due to profit book so trail your stop loss and keep your positions with a proper hedge.

Weekly Bank Nifty options chain analysis

Based on Bank nifty option chain data, the highest Open interest stands at 29500 CE & 28000 PE, followed by 29000 CE & 27000 PE. PCR of all strikes is 0.97, which indicates a neutral zone. PCR at 28000 stands at 7.08, which is acting as an immediate support level.

The Put-call ratio at 28000 stands at 0.16, which is acting as a resistance level. Equally, important indicator Option Pain is at 28700, indicating weekly expiry at 28700. 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 weekly options strategies, Just enroll for our Option Strategies – A Mentorship Program.

BankNifty weekly options Strategies

banknifty weekly option strategy

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 27800, 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 29600. 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 enrol in our Option Strategies – A Mentorship Program.

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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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