Best Weekly Nifty and Bank Nifty option strategies for the coming weekly expiry

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Hey Folks! I hope you are safe and healthy in this COVID-19 pandemic. Every week in this weekly article, I’m sharing the weekly market outlook with weekly nifty and bank nifty option strategies for the coming expiry. I’m sharing some valuable tips too that you should follow if you want to be a disciplined trader.

Today I will talk about a common mistake people are doing when getting continuous loss for a few days. I have seen many times that after losing in a few trades, they took trade with high-risk and high rewards. They think that trade alone can compensate for the loss they have got in the last trades.

This is the biggest mistake one can make. This one mistake can kick out from the market. So, what to do when you get continuous loss in few trades?

The first step is: take a pause. Stop whatever you are doing. The market is not going anywhere. You can board it anytime again.

The market is all about Money. It respects those who respect their Money. So instead of taking trades like a gambler to lose Money, take a pause and analyze what you are doing. Try to find the mistakes you are making.

The second thing you should do is: Focus on Risk management. Successful trading is not about just placing trades. It’s all about placing a trade with proper risk management. Risk management is the only key to success in this market.

When we get continuous loss in a few trades, our risk-taking capacity has already gone down. Now if we take a higher risk this time and anything goes wrong, that one trade can hit us so badly. We may lose most of the capital, and it will destroy our confidence too.

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I have seen many people are looking only at the reward but my dear friend higher reward comes with a higher risk. If we take a higher risk when our Risk-taking capacity is already low, it will kick out from this market.

Trade with the discipline not with the emotions. Trade with proper setup not with the guts. If something is not working, take a pause, try to find the mistakes. Based on your mistake, optimize your system. And then try again. This is the only way to succeed in this market.

Successful trading required discipline to follow your system and patience to get your desired result. So trade with proper discipline and patience. And keep practicing. Practice with virtual money first and if you are getting enough success, then only you should start with real money.

If you want to trade with Option hedging strategies and wanted to know how I’m managing my risk, can click on the below button to get the details about Mentorship Program.

Weekly analysis Nifty option strategies for 14th October Expiry

nifty chart today

After gave a breakout from 16000, we saw a sharp upside rally in Nifty that helped to make a new all-time high of 17947.65 in Nifty. Although we saw some profit booking on the higher level but on 04th October, Nifty made a reversal pattern and we saw an upside rally again.

As I have shared in the last weekly article that 17981 &18347 are the resistance levels for now and a breakout from 18347 will open a new path to the next target of 19034...

The same view is applicable for this week too. Nifty is trading near to its all-time and a breakout from 17981 will lead to 18347 in the near term.

On the downside, 17300 – 17200 is the immediate support zone, and a sustainable breakdown is required for a new sell signal.

Nifty is in a complete Uptrend but 18000 is a strong psychological level that needs to break for further upside levels. Here is one thing you should keep in mind is that after this good rally we can see Volatility is increasing which is generating a caution signal that a profit booking can happen.

So keep your positions with proper hedge and trade with a good risk management plan.

Nifty weekly option chain analysis

Weekly nifty option chain analysis

Based on option chain data, the highest Open interest stands at 17800 CE & 18000 PE, followed by 17900 CE & 17700 PE. PCR of all strikes is 1.12, which indicates a neutral market. PCR at 17700 stands at 3.76, which is acting as an immediate support level.

The Put-call ratio at 18000 stands at 0.24, which is acting as a resistance level. Equally, important indicator Option Pain is at 17850, indicating weekly expiry at 17850. A shift in option pain will provide further levels of expiry. So keep tracking max pain.

Significant open interest buildup on both sides. Indicating good support from both levels. So based on the OI, the possible range for this week should be 17700 – 18000.

Keep tracking change in open interest to analyze market participants’ behavior, so that you can adjust your position accordingly. If you don’t know how to analyze open interest fo find the best Weekly nifty and bank nifty option strategies. Just enroll for our Option Strategies – A Mentorship Program.

Weekly Nifty option Strategies: CATIC (Cat Ear Iron Condor)

weekly nifty option strategies

Possible adjustments:

Initially, you can keep a stop loss of 17500 & 18200 for this strategy. Means square off if you find nifty is giving a breakdown or breakout from the given stop loss levels. ( Do not hold this strategy if loss is more than 3000₹).

Adjustments are a little tricky for this strategy, so I suggest if you want to learn these option strategies with proper adjustments and handholding support, you should join our Mentorship Program. I will be there to assist you in every possible way and you will get proper backend support until you become a master in these option strategies.

Weekly Bank Nifty Option Strategies for 14th October Expiry

nifty chart today

Last week I have shared: After spending more than 3 months in a tight range finally, BankNifty gave a breakout from 36000 and manage to sustain above its previous high of 37708.75.

This week we saw a highly volatile movement in BankNifty but it manages to hold its important to level i.e. 37700.

Now 37700 is acting as a very crucial level and If banknifty manage to sustain above this crucial level we may see a new high very soon. A sustainable rally will lead to the next target of 39740.

On the downside 36400 is acting as the strong support level and a breakdown will lead to further downside levels.

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I’m expecting some good earnings in the coming sessions because IV starts increasing and result session is also starting. So follow us on different platforms very closely for some real-time updates and free result-oriented strategies.

Weekly Bank Nifty option chain analysis

Bank Nifty option chain analysis

Based on Bank nifty option chain data, the highest Open interest stands at 38000 CE & 37000 PE, followed by 39000 CE & 37500 PE. PCR of all strikes is 0.84, which indicates a neutral zone. PCR at 37000 stands at 10+, which is acting as an immediate support level.

The Put-call ratio at 38500 stands at 0.05, which is acting as a resistance level. Equally, important indicator Option Pain is at 37900, indicating weekly expiry at 37900. A shift in option pain will provide further levels.

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

Bank Nifty Option Strategies: CATIC (Cat Ear Iron Condor)

Bank Nifty option Strategies

Possible adjustments:

Initially, you can keep a stop loss of 36800 & 38700 for this strategy. Means square off if you find Banknifty is giving a breakdown or breakout from the given stop-loss levels. ( Do not hold this strategy if the loss is more than 4000₹).

Adjustments are a little tricky for this strategy, so I suggest if you want to learn these option strategies with proper adjustments and handholding support, you should join our Mentorship Program. I will be there to assist you in every possible way and you will get proper backend support until you become a master in these option strategies.

Post your comments in the comment box if you have a query related to the weekly analysis and Best Nifty and Bank Nifty option 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 option 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 option 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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The best strategy for Bank Nifty Future Intraday

If you’re looking for intraday trading strategies that will work out well for you no matter which market condition we are in, then this strategy is perfect for you. It has been backtested in all kinds of conditions and has shown great potential.


DISCLAIMER: – we are not a SEBI research analyst. Views or the weekly analysis with nifty and bank nifty option strategies are 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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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.

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