Weekly analysis with best options strategies for 15th July 2021

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After a good rally, nowadays we can see Nifty and Banknifty both are trading in a range. In the weekly analysis post, we will discuss the range for the coming week and the options strategies we can follow for the 15th June weekly expiry in Nifty and Bank Nifty.

We can see that volumes are not that great, and when volumes are low in any rally, it indicates that the rally is not that convincing. In this type of Low volume market, it very important that we should keep our risk management on the higher side.

In every article, I’m telling you that you should keep more focus on Risk Management because this is the only holy grail that can make your trading profitable. (Click here to read the previous articles)

Weekly analysis with best options strategies for 15th July 2021 Click To Tweet
  • So before entre in any trade, always calculate how much risk you are taking to make money?

One more most important aspect of successful trading is trading psychology. It’s a broad subject and very few are talking about it. I feel it’s your Trading Psychology that can bring a real change to make your trading profitable. I have written few articles on Trading Psychology. Please read here: Trading Psychology

How you are reacting in any particular situation, will decide how much you can make or break? I will talk more about Trading Psychology in my coming articles. Now I have a question for you:

  • What is biggest obstacle you are facing right now in you trading?

Type in the comment box and I will try to provide you with the best solution for that particular problem. You can ask your questions on Twitter too. Just tag me there and I will reply to all your questions.

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Remember one thing, the more you engage the more you will learn.

Nifty Weekly analysis with Options strategies

Nifty chart today

After a good rally from 15000, we can see Nifty was traded in a range this week. As per the chart, the support and resistance zone is 15450 – 15950.

The overall trend is UP and we can hold a long position until nifty is trading above 15450. As I said earlier, volumes are not impressive so trade with some caution.

Here we should not forget about the crucial and psychological level of 15000. We can only say that trend is in a downtrend after we got a breakdown from 14000. Below 14000, again Nifty will come in the territory of Bears.

But we do not believe in predicting, we believe in reacting. So as per the chart and data, right now Market is in an Uptrend that’s why we are holding a long position if we will get a breakdown from the support levels we can reverse our position.

This is the main reason I always say that we should focus more on trade management. Because every day something is happening in the market. Today Market is going UP and the next day Market can do down. In that case, How will you manage your trade? If you have your trade management plan ready, your chances to make money will increase to a higher level.

This is the main reason I have started to trade with Options hedging strategies. Because these strategies are giving more flexibility to manage your trade properly. You can react based on the data available. No need to predict anything. We can go where the market is going.

We should not keep our focus on How to beat the market? (and I think no one can do), You should keep your focus only on How to react based on the market? Once you start reacting, you will find that your trading has improved.Read… Click To Tweet

If you don’t know how to react on the market, can check our Option Strategies – A Mentorship Program.

Nifty Weekly expiry option chain analysis

Nifty weekly option chain analysis

The highest Open interest stands at 16000 CE & 15700 PE, followed by 15700 CE & 15500 PE, based on option chain data. PCR of all strikes is 0.7, which indicates a neutral market. PCR at 15500 stands at 10, which is acting as an immediate support level.

The Put-call ratio at 15800 stands at 0.33, which is acting as a resistance level. Equally, important indicator Option Pain is at 15700, indicating weekly expiry at 15700. A shift in option pain will provide further levels of expiry and it keeps changing based on the market participants behaviour. So keep tracking max pain.

Significant open interest buildup on the Call sides from 15700 to 16000. Indicating that Nifty is facing good resistance around 16000 levels. So based on the OI, the possible range for this week should be 15500 – 16000.

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 analyze open interest for weekly options strategies. Just enrol for our Option Strategies – A Mentorship Program.

Nifty weekly expiry Strategy: Iron Condor

Nifty weekly options strategy

Possible adjustments:

Initially, you can keep a stop loss of 15450 & 15900 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 if the loss is more than 1800₹).

If you find that Nifty is giving a breakdown and sustaining below 15450, 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 15900. You can shift your put spread to 300 points up.

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

Bank Nifty Weekly analysis with options strategy

Banknifty weekly analysis for coming week

In the last weekly analysis post, I have shared that After given a breakout from 35000, you saw that Bank nifty was trading in a range of 35000 to 36000 and any decline till 34000 can be treat as a buy-on-dips opportunity.

This whole week BankNifty was trading between the range of 34500 to 35800. Now 34000 to 36000 is the range we may expect till we are not getting any breakout or breakdown in the coming weeks. A breakout from 36000 will lead to the next upside target of 37700.

The same view for this coming week also: The overall trend is UP so any decline till 34000 can be treat as a buy-on-dips opportunity. We can expect some further upside levels if banknifty manage to sustain above 36000. So these two levels (34000 & 36000) are important for the short to medium term. Right now the market is totally unpredictable so we have to focus more on risk management and trade with Limited risk range-bound strategies only.

Bank Nifty weekly expiry option chain analysis

banknifty weekly option chain analysis

Based on Bank nifty option chain data, the highest Open interest stands at 36000 CE & 35000 PE, followed by 35000 CE & 34500 PE. PCR of all strikes is 0.8, which indicates a neutral market. PCR at 34500 stands at 10, which is acting as an immediate support level.

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The Put-call ratio at 35500 stands at 0.31, which is acting as a resistance level. Equally, important indicator Option Pain is at 35000, indicating weekly expiry at 35500. A shift in option pain will provide further levels.

If you don’t know how to do the banknifty weekly option chain analysis, Just enrol for our Option Strategies – A Mentorship Program.

Bank Nifty weekly expiry Strategy: Iron Condor

banknifty weekly option strategy

Possible adjustments:

If you find that BankNifty gives a breakdown and sustaining below 34500, 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 35800. You can shift your put spread to 1000 points up.

If you want to learn these bank nifty weekly expiry strategy and their adjustments in more practical ways with live mentorship, You can enrol in our Option Strategies – A Mentorship Program(50% OFF for a limited time).

Post your comments in the comment box if you have a query related to the Nifty and Bank Nifty 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 nifty and Bank nifty weekly expiry strategies. You can contact us on WhatsApp

*( Please avoid any questions 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 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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