Weekly Analysis with Weekly Options Strategies for 30th Jan Exp

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Hello guys. I hope you are following your trading plan with proper discipline and patience. In my weekly options strategies post, one word is common which is “Risk Management“.

Although Risk Management is just a word but to manage your risk, you need to work on many things like you have to make a trading plan based on your pre-defined entry and exit rules. You have to work on your position sizing so that the risk you are taking in a trade must be in your comfort zone.

As you know, every single trade we are taking carries a certain risk. So here our comfort zone is like if we are losing that money, it should not put any burden (emotionally or financially) on us. In other words, we should keep that risk only, which we can afford to lose. So work more and more on your “Risk Management” plan.

Nifty Weekly Analysis with Options Strategies

Nifty Chart today

The week opened in a bearish mode. On Monday Nifty made a new all-time high and then we saw a sharp decline from higher levels. The decline continues till Wednesday. On Thursday Nifty bounce back from strong support zones (12150 – 12100) and we saw a good rally in the last two trading sessions for this week.

Now based on Chart, 12150 – 12100 is acting as a strong support zone and 12400 – 12500 is acting as a strong resistance zone. A breakout or breakdown will lead to further levels.

As you know, the budget session is about to start on 2nd February. We have a monthly expiry in the coming week too. So the market will be highly volatile in the coming sessions.

FIIs are neutral ahead of the budget session, DIIs are net buyers in this market. The overall trend is still UP in the market. On the downside 11800 is still acting as a strong support level. Till Nifty holds this level, we should go with buy on dips strategy.

Nifty weekly Options Chain analysis

Weekly Open interest analysis

Based on option chain data, the highest Open interest stands at 12300 CE & 12000 PE, followed by 12500 CE & 12200 PE. PCR of all strikes is 1.27, which indicates a slightly overbought market. PCR at 12000 stands at 5.37, which is acting as an immediate support level.

The Put-call ratio at 12500 stands at 0.22, which is acting as a resistance level. Equally, important indicator Option Pain is at 12200, indicating weekly expiry at 12200. A shift in option pain will provide further levels.

Significant open interest buildup on both sides, Especially 12100 PE, 12150 PE & 12200 PE, which indicates that the market is expecting to remain in a range only but getting support from lowe levels. Based on Option chain data, 12200, 12100 are good support levels and 12400 & 12500 are good resistance levels for this expiry.

Keep tracking open interest to analyze market participant’s behavior. If you don’t know how to analyze open interest for weekly options strategies. Just enroll for our Option Strategies – A Mentorship Program with a 10% discount which is going to expire on 26th January.

Nifty Options Strategy: Iron Condor

Weekly options strategy

Possible adjustments:

If you find that Nifty is giving a breakdown and sustaining below 12100 then square off 12300 CE & 12450 CE in profit, and short 12200 CE and buy 12350 CE.

The same thing you can do with put spread means if you got a breakout from 12400. You can shift your put spread to 100 points up.

If you want to learn these strategies and their adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program.

Bank Nifty Weekly Analysis with options strategies

Banknifty chart today

In the last two weeks, we saw a sharp decline in Banknifty towards support levels. Based on the chart, the current support zone is 31000 – 30500. On the upside 32000 – 32500 is the strong resistance zone. A breakout or breakdown will lead to further levels.

Till BankNifty is holding 30500, we should follow a dip-on-dips strategy. 30500 should be our stop-loss and a new short signal will come only after a breakdown from this level.

As the Budget session is about to come, we will see some high volatility in the market. High volatility will bring new opportunities but will bring high risk too. So again I’m saying keep more focus on “Risk Management”.

Bank Nifty Weekly options chain analysis

Bank Nifty Weekly options chain

Based on option chain data, the highest Open interest stands at 31500 CE & 31000 PE, followed by 32000 CE & 30500 PE. PCR of all strikes is 1.06, which indicates a neutral market. PCR at 31000 stands at 1.88, which is acting as an immediate support level.

The Put-call ratio at 31500 stands at 0.49, which is acting as a resistance level. Equally, important indicator Option Pain is at 31300, indicating weekly expiry at 31300. A shift in option pain will provide further levels.

If you don’t know how to analyze open interest. Just enroll for our Option Strategies – A Mentorship Program.

Bank Nifty Weekly Options Strategy: Iron Condor

BankNifty Weekly Options Strategy

Possible adjustments:

If you find that BankNifty gives a breakdown and sustaining below 30900, then Shift your Call spread to 300 points down.

The same thing you can do with put spread means if you got a breakout from 31600. You can shift your put spread to 300 points up.

If you want to learn these strategies and their adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program.

Much Check this alsoIron Condor in SBINReverse Jade strategy in TCSBest Option strategy for a sideways movement in PNBA high probability option strategy in NIITTECH,  Modified Condor Option Strategy in VEDLBull Call Ladder in ZEEL,  Iron Condor in SBINWhy People Lose Money Nifty and Bank nifty index analysis with Option Strategy A high probability options strategy in YESBANKBull Call ladder strategy in ITC for OCT Expiry

Post your comments in the comment box if you have a query related to the Weekly options strategies. You can ask any question related to options trading in the comment box.

If you need More real-time assistance on Nifty and Banknifty weekly expiry options strategies Can take our premium subscription or open a trading account with us and you will get real-time assistance every month on these weekly options strategies. You can contact us on WhatsApp

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


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DISCLAIMER: – we are not a SEBI research analyst. Views 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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