Weekly Analysis and Option Strategies For the 22nd April – 26th April 2019

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Hello guys,

I hope you all are doing good in your trading. Remember one thing, Rome wasn’t built in a day, Your small profit will help to create a good corpus for you.

So, always trade for some consistent profit with proper risk management. And here these option strategies can help you to keep your risk on the lower side. How much m making in a winning trade is not essential, Important is how much m losing in a loss-making trade. Keep your loss on the lower side, profit will come automatically.

No need to keep our focus on “How to predict the market?” Only God can do it. Only trade management is in our hand and that’s what we have to do. Manage your trade well, It will automatically take care of your profit and capital.

Just make a trading plan and act accordingly. I’m sharing some links at the bottom which can help you to make a good trading plan.

Now let’s come to our weekly analysis.


Nifty IDX: 11752.80

Nifty 50

As we discussed in last week that 11710-11549 will act as a support and resistance for the coming week, Breakout or breakdown will lead to the further level. Nifty opened gap up on Monday but traded in that range only. On Tuesday we got a breakout and nifty hit new lifetime high.  Nifty made a new all-time high on Thursday but due to profit booking in most of the sectors, it lost all its morning gain and gave a sharp decline of around 120 points. and closed below its previous all-time high at 11760.20. Now, 11750-11650 is an important range which will act as a strong support zone for this new upside journey in Nifty. Close below 11650 will open new downside targets of 11500 & 11350. Overall Trend is Up and there is no sign of weakness.

India VIX is trading at 22.74 which is a sign of a highly volatile market. So keep your risk management is on the high side only just for precaution. As I already suggested in my previous posts that this is a good time to buy some good, fundamentally strong stocks for your short to long term portfolio. This month could be volatility due to General Election event but definitely market will do good after the event of over.

Based on Weekly Option Chain data, Highest Open stands at 12000 CE and 11000 PE followed by 11800 CE & 11500 PE. PCR stands at 1.28 which is a slightly overbought zone. As we are entering in a monthly expiry week, volatility will be high. An equally important indicator, Option pain stands at 11700, indicating expiry at that level. a shift in Option pain will give new levels. So keep tracking this Option Pain level. You can Leave your email id in the comment box so that I can share the links of tool which m using to track all these levels.

Weekly Strategy: Long Butterfly

Long Butterfly

It’s a directional Trade. A loss will start below 11640. So you can keep a stop loss at 10600 for this strategy.

BankNifty IDX: 30223.40

BankNifty Chart

From the last two weeks, we saw some selling pressure in PSU Banks, which is creating pressure in BankNifty too. Banknifty is trading in a range of 30650-29850, Breakout or breakdown from these levels will decide further movement. Overall Trend is UP and there is no sign of weakness in Banknifty. as the market is highly volatile nowadays due to the general election, we can expect some quick movement in either direction. We’ll see a clear directional movement in BankNifty only after it gives a breakout or breakdown from above levels.

Based on Weekly Options Chain Data, highest open Interest stands at 30500 CE & 30000 PE followed by 31000CE & 29500 PE. PCR of all strokes stands at 0.96, which is a neutral zone. PCR at 30500 CE stands at 0.29, which is acting as a short term resistance level. On the lower side, PCR at 30000 Stands at 3.49, which is acting a short term support level. Option pain Stands at 30000 level, which is expecting Expiry level. a shift in Option pain will decide further move. So this week Trading range is 30500-30000 based on current data available.

Weekly Strategy: Iron Condor

Iron Condor

Some Of the Link which can help to make a good trading plan:

  • Technical Trading Strategies with RSI Indicator: Click Here
  • Technical Trading Strategies with ROC Indicator: Click Here
  • Certification in Online Essential Technical Analysis: Click Here
  • Technical Trading Mentorship Program (TTMP): Click Here

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

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If you need More real-time assistance on these strategies, Can open a trading account with us and you will get real-time assistance on every month on these hedging strategies.


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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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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