Weekly Analysis with Nifty & Bank Nifty Weekly Options Strategies for 21st Jan Expiry

How to trade options?

Signup to get my curated emails that tell what options are and how I'm trading them to generate my monthly cheque!


Sharing is caring!

Hey folks! I hope you are doing good. Every week, I’m writing this weekly blog post to provide you a weekly analysis of the market and the best possible Nifty and bank nifty weekly options strategies for the coming weekly expiry.

In this weekly blog post, I’m sharing my knowledge and experience to help our fellow traders. Last week I shared about Implied Volatility and its importance in options trading. You can read it here:

Today, I’m sharing one more link with you to read this week. This link is about the 8 reasons why most Intraday traders fail. Click on the below link:

Now, let’s come to our weekly analysis with Nifty and bank nifty weekly options strategies.

Weekly analysis and Nifty weekly options strategies

nifty chart today

After a gap up opening on Monday, Nifty made a new high on Wednesday. On Thursday and Friday, Nifty took resistance on higher levels and we saw some negative closing.

.

Based on the charts, 14820 acts as the immediate resistance level (which is our first target, too), and 14090 is acting as an immediate support level. A breakdown from 14000 will lead to further downside levels.

Here one thing we need to keep in mind that the Trend is UP, and there is no sign of weakness, so here our strategy should be Buy-on-dips with every decline in the market till the nifty is holding 13000.

Below 13000, we will get a sell signal. So in simple terms, you can hold your long positions with a stoploss of 13000.

Nifty Weekly Option Chain analysis

nifty weekly option chain analysis

Based on option chain data, the highest Open interest stands at 14600 CE & 14500 PE, followed by 14800 CE & 14000 PE. PCR of all strikes is 0.71, which indicates a neutral market. PCR at 14300 stands at 6.45, which is acting as an immediate support level.

The Put-call ratio at 14600 stands at 0.28, which is acting as a resistance level. Equally, an important indicator, i.e., Option Pain, is at 14500, indicating weekly expiry at 14500. A shift in option pain will provide further levels.

Significant open interest buildup on Call sides indicating that nifty is facing resistance from higher levels and expecting bearish activity in the coming week. Based on Option chain data, 14500 & 14300 are the support levels & 14600 & 14800 are the resistance levels for this expiry.

Keep tracking open interest to analyze market participants’ behavior if you don’t know how to analyze open interest. Just enroll for our Option Strategies – A Mentorship Program.

Nifty Weekly Option Strategy: Iron Condor

best nifty weekly options strategies

Possible adjustments:

Initially, you can keep a stop loss of 14300 & 14800 for this strategy. Means square off if you find nifty is giving a breakout or breakdown. Or you can do this adjustment too.

If you find that Nifty is giving a breakdown and sustaining below 14300, 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 14800. 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(33% OFF expiring very soon).

Weekly analysis with Bank Nifty weekly options strategies

Bank Nifty chart today

After given a breakout from its crucial resistance level, i.e.,25200, we saw an excellent recovery in BankNifty. BankNifty is trading it in a time-high zone, and there is no sign of weakness.

We can’t neglect the possibility of profit booking in this continuous rally, so keep your trades with a proper hedge. 32600 is the level we should keep on the radar. A sustainable recovery will lead to the next target of 33300.

On the downside, 29000 is the crucial support level. A sell signal will only generate after a breakdown from this level. So if you see a downfall from the current level, our strategy should be buy-on-dips until BankNifty is holding 29000.

Bank Nifty weekly option chain analysis

banknifty weekly options chain analysis

Based on option chain data, the highest Open interest stands at 32500 CE & 32000 PE, followed by 33000 CE & 31500 PE. PCR of all strikes is 0.76, which indicates a neutral market. PCR at 32000 stands at 3.77, which is acting as an immediate support level.

The Put-call ratio at 33000 stands at 0.07, which is acting as a resistance level. Equally, important indicator Option Pain is at 32400, indicating weekly expiry at 32400. 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 Option Strategy: Iron Condor

bank nifty weekly options strategies

Possible adjustments:

If you find that BankNifty gives a breakdown and sustaining below 31550, 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 33000. You can shift your put spread to 1000 points up.

If you want to learn these Weekly expiry options strategies and their adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program(33% OFF).

Much Check this also– Performance of the Option strategies, Nifty & BankNifty Weekly Analysis with Option strategy, Nifty Option Strategy for Budget SessionA low-risk options strategy in LICHSGFINAn iron condor options strategy in ICICIBANKReverse Jade Lizard options strategy in UPLA high probability options strategy in YESBANK

.

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

If you need More real-time assistance on Nifty and Bank nifty weekly analysis and 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 CLICK HERE FOR 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 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 direction?

The best strategy for Bank Nifty Future Intraday

We Introduce a new BankNifty Future strategy for Intraday. Gave a decent return consistently. Please check the link below for more information.


DISCLAIMER: – we are not a SEBI research analyst. Weekly analysis, Views or the 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.

Sharing is caring!

Join our list of 10K+ Successful Traders!

Get my Weekly Tips on How To Get Ahead!


Avatar of Sachin Sival

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.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.