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Nifty & Bank nifty Weekly analysis with Option strategies

• Updated on: December 11, 2020
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Hey Folks! I hope you are safe and healthy in this COVID-19 pandemic. I’m sharing this weekly article every week to share my knowledge and experience with our fellow traders. In this article, you will get nifty and bank nifty weekly analysis and two weekly options strategies that you can deploy in the coming week.

In this article, I’m trying to answer the most commonly asked question too. That means this article doesn’t only help determine the market trend, but it is also helping to make you a better trader. It also helps me, actually. I’m too learning from you all, who are sharing their valuable feedbacks and suggestion. Now without wasting your time, let us come to our today’s question.

Which one is the best strategy for nifty and bank nifty weekly expiry options?

Many people ask, “Which one is the best strategy for nifty and bank nifty weekly expiry options?” So here I’m sharing my understanding of this topic in our weekly article. Before I answer this question, let me sharing something about my risk appetite.

I’m a low-risk taker, so whatever I’m doing is based on my own risk-taking capacity. For me, my capital protection is more important than a high profit. Our returns are equally proportional to our risk. If the risk is high, the return will also be high. If you are taking a low risk, then you have to satisfy yourself with a low return.

Now when we talk about risk, the question comes to mind that, “how much risk one should take to achieve their goals?” Answers can be different for everyone. So the best way to calculate the risk is by asking yourself, “how much money can you afford to lose.?” No need to calculate anything on paper; ask this simple question to yourself. You will get your answer.

See, this exercise’s reason is: Your trading success depends only on your emotions and psychology. Whatever we calculation on paper will work if we can’t implement that in our trading. If you take any decisions because of your emotional trap, that will be a disaster. So the first this you should do is; keep yourself free from emotions.

And, you can only do that when you are mentally prepared for the risk you are taking. So instead of calculating on paper, ask yourself how much money you can afford to lose. and based on that risk, choose a strategy for you.

Now, as i have said earlier that I’m a low-risk taker. I’m happy if I’m getting 3-4% monthly return but my capital must be protected. Now if you also thinks like me then we should create such strategies which have limited risk. We don’t need to take high risk to earn small. Right?

So if you are a low-risk taker and happy with the low return, but capital protection is your priority (which I think we all should focus on first) then these strategies are the best:

  • Iron Condor
  • Iron Butterfly
  • Calendar spreads
  • Credit spreads like verticle spreads.

I have seen many people are trading with short straddles or strangle. These strategies can give you a good return if you are in front of the screen all the time and very quickly analyze the data. But if you are not an active trader, I suggest you trade with only limited risk strategies like an iron condor, iron butterfly, etc…

If you want to learn how to earn 3-4% with nominal risk and full protection of your capital, you can enroll in our Mentorship Program. We are giving a huge discount this December 2020 month. Click on the below button to know more:

Nifty weekly analysis and option strategy for 17th December expiry

Nifty chart today

We saw a huge rally this week. In the last Nifty weekly analysis article, I have shared that Nifty is taking some rest but the overall trend is UP. The same we witness this week. Nifty hit our first target 13550 and trading near to its resistance level (13550).

A sustainable breakout from 13550 will give us a new all-time high i.e. 14000. One thing I want to share here. The market is on an all-time high that doesn’t mean that it will fall from here. So do not take any contra trade. Naked short trade can be very dangerous here. Wait for a clear indication and then act accordingly.

On the downside, 13150 – 12800 is acting as a strong support zone now. A breakdown from 12800 will lead to the downside targets of 12550.

Now let us look at the option chain data to find the nifty weekly range for coming week.

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Nifty weekly options chain analysis

Nifty weekly options chain analysis

Based on option chain data available at the time of writing this post, the highest Open interest stands at 14000 CE & 13500 PE, followed by 13600 CE & 13400 PE. PCR of all strikes is 1.07, which indicates an overbought market. PCR at 13000 stands at 3.36, which is acting as an immediate support level.

The Put-call ratio at 13800 stands at 0.02, which is acting as a resistance level. Equally, important indicator Option Pain is at 13500, indicating weekly expiry at 13500. A shift in option pain will provide further levels of expiry. So keep tracking max pain.

Significant open interest buildup on PUT side. Indicating good pressure from lower levels. So based on the OI, the possible range for this week should be 13000 – 13500.

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:

nifty weekly option strategy

Possible adjustments for Nifty options strategies:

Initially, you can keep a stop loss of 13350 & 13850 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 13550, then square off the entire strategy and come out from the trade.

You shift your PUT spread to a higher level if you got a breakout from 13850. You can shift your put spread to 300 points up.

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

Bank Nifty weekly analysis and Option strategy

bank nifty chart today

After a good rally, BankNifty is taking some rest and trading in a range of 28500 to 30800. A breakout from 30800 will lead to the next target of 33600.

On the downside, 28500 is acting as a strong support zone and a breakdown from 28500 will lead to some lower levels at 26800 & 25500.

The overall trend is UP and there is no sign of weakness, so do not initiate a short position. Look for a long opportunity and trail your stop loss and keep your positions with a proper hedge.

Bank Nifty weekly options chain analysis

bank nifty weekly option chain

Based on Bank nifty option chain data, the highest Open interest stands at 31000 CE & 29000 PE, followed by 31500 CE & 30000 PE. PCR of all strikes is 0.89, which indicates a neutral zone. PCR at 30000 stands at 5.17, which is acting as an immediate support level.

The Put-call ratio at 31000 stands at 0.17, which is acting as a resistance level. Equally, important indicator Option Pain is at 30500, indicating weekly expiry at 30500. A shift in option pain will provide further levels.

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

Bank Nifty weekly option Strategies: Iron Condor

image 9

Possible adjustments for Bank nifty options strategies:

Possible adjustments for this weekly Bank Nifty option Strategies are:

  1. Follow a stop-loss if the max loss is above 2500₹, close this strategy.
  2. If you find that Bank Nifty gives a breakdown and sustaining below 29900, 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 31500. You can shift your put spread to 1000 points up.

One more strategy we are creating this week (shared in premium channel). Check the below image:

image 10

If you want to learn these bank nifty option strategies with wanted proper adjustments from my side on a real-time basis can enroll 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).


Options Strategies – A Mentorship Program

On September 01, 2019, We have launched a new mentorship program for Option selling strategies, in which we’ll discuss how can we deploy these Options strategies? What rules we should follow before taking a trade? And what should be our adjustments if the script is moving against your prediction?

The best strategy for Bank Nifty Future Intraday

We introduce a new BankNifty Future best strategy for Intraday. Giving a decent return consistently. Please check the link below for more information.


DISCLAIMER: – we are not a SEBI research analyst. Views or the weekly analysis with nifty and bank nifty weekly 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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Sachin Sival is the founder and CEO of Replete Equities, an options trading company that specializes in delta hedging. A self-taught trader, Sachin has a passion for volatility trading and stock trading. Sachin loves to hone his skills by reading up on new strategies and techniques as well as taking part in industry events. In addition to being a successful entrepreneur, Sachin also takes pleasure in photography - as a hobby.

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