Weekly Levels | Nifty and Bank Nifty weekly expiry strategy for June 29 Expiry

Every time someone asked me about my recommendation for any particular stock, I just requested one thing to them. Have you done your proper calculation before entre into this trade? Like why you took this trade? Or What should be the max risk you are willing to take with this trade? In this Nifty and Bank Nifty weekly expiry strategy post, We will discuss why it is essential to do proper calculation before entre into a trade?

We are getting the most common question: I took this trade at 320₹, and now it is trading at 280₹. What should I do? As per my knowledge and experience, I feel no one can give you the answer except you. Because only you know how much you can effort to lose in a particular trade.

Successful trading is not just about placing the right trade; It’s all about how you are managing your wrong trade. Because if you can manage your wrong trades, you know what you are doing and how to handle things.

Because wrong trades are the ones that will test your knowledge, experience, and behaviour. If you come out successfully without losing much from a wrong trade, that means now you are on the right track.

People are trading based on their gut feeling. They are taking trades based on someone’s advice. They are not calculating the risk associated with that trade. They are taking trades based on the hope that this trade will work. That’s the reason when a trade goes against their expectations, they start a panic.

Stock trading is a business. If you want to be a successful trader, You have to do it in a proper way. You can’t just take a random trade with the thought that this trade will work.

For a small job, we studied for 25 years. But here in stock trading, we don’t want to give even 25 days to learn and the next 25 days to implement. Everyone wants a quick return.

f someone shared a strategy or a trade, why are we not analysing whether this trade fits in my risk management rules or not? Ask yourself.

Before entre into a trade, we should follow few things:

• Pick one segment or product that suits your risk appetite and trade only in that segment. Don’t change it every day.
• Every time you want to take a trade, Calculate the risk first. Ask yourself “Can you afford to lose that amount?”
• Every recovery plan should be prepare before you enter any trade like what should be your stop-loss, target or adjustments? If stop-loss hit come out as quickly as you can.
• If you want to take some advice from someone, ask him before entre into a trade. Don’t change your decisions in between the trade.

One thing we should always keep in mind that, Target is not in our hands. Only stop-loss is. So we have to keep more focus on the things that are in our hands like entry and Stop-loss.

If you do these calculations before entre into a trade, you will find that your trading is more systematic now. And if you trade systematically, chances are high to make decent money from this market.

Now it’s your turn. Make a promise to yourself that you will do proper calculation before entre into a trade. If you need any help from me, just ask me in the comment box I will love to answer all your queries.

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Nifty weekly expiry strategy analysis

As I share in the last Nifty and Bank nifty weekly expiry strategy post that 18900 – 19000 is acting as a strong resistance zone, a breakout will trigger a BUY alert.

But this whole week, Nifty was struggling to give a breakout from its all-time high i.e. 18887.60 and couldn’t succeed. That triggers a cautious signal at the higher levels.

As you can see on the chart that Market is trading at a higher level and we can’t neglect the possibility of profit booking from here. So either you should book some profit and reduce your position in the Market or buy some puts to hedge your portfolio.

If you don’t know how to hedge your portfolio with options, consider enroll in the mentorship program. Click here for more details

As per the chart, Nifty is making higher-Highs and Higher-Lows, indicating that the trend is UP until we are not getting a breakdown from 18450.

On the Upside 18900 – 19000 is acting as the breakout zone and a breakout will give further upside levels till 19250. On the downside, 18500 is acting as a strong support level. A breakdown will give us a SELL signal again for the target of 18250 & 18000.

So these are the levels we should keep in mind:

• Breakout from 19000 = BUY,
• Breakdown from 18500 = SELL
• Trading between 18950 – 18500 = Range-bound

Nifty Weekly expiry option chain analysis

Based on the Option chain data, We can see highest Open Interest is at 18800 CE & same 18700 PE followed by 19000 CE and 18800 PE.

PCR is also a good indicator to analyze immediate support and resistance levels. If PCR of any particular strike is below 0.60, this indicates an immediate support level and if PCR is above 2.0 that indicates an immediate resistance level.

At 18600, PCR value is 3.78, indicating an immediate support level and PCR at 18900 is 0.37, indicating an immediate resistance level.

• Read detailed article here: How to find Support and Resistance using Put Call Ratio or PCR?

Keep tracking open interest to analyze market participant’s behavior, so that you can adjust your position accordingly. If you don’t know how to analyze open interest for weekly option hedging strategies. Just enrol for our Option Strategies – A Mentorship Program.

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Nifty weekly expiry Strategy: Trapdoor Iron Condor

Possible adjustments for Trapdor Iron Condor:

This strategy is an advanced strategy and required a proper understanding of the logic, strike selection and risk management behind the strategy.

I have shared a detailed explanation of the formation and adjustments in this small course. Please check the below link to learn the strategies and adjustments:

Weekly Expiry Option Strategies for Nifty & BankNifty

Bank Nifty Weekly expiry strategy

From the last 3 weeks, BankNifty is trading near to its 52 weeks high zone but couldn’t succeed to give a breakout and trading in a range.

If you look at the chart, you will find that on the upside 44100 – 44500 is acting as a strong resistance zone, and on the downside 43147 is acting as a strong support level. This can be our range (43147 – 44100) for the short term until we are not getting any fresh breakout or breakdown in BankNifty.

Trade with range-bound strategies to mitigate the high fluctuation in the market and to reduce risk.

Your risk management rules for every trade must be properly defined. Do not take any trade which has an unlimited risk on either side.

If you are good to analyze trend then you can go with some directional credit spreads like Bear call spread and bull put spread.

Bank Nifty weekly expiry option chain analysis

Based on the Option chain data, We can see the highest Open Interest is at 44000 CE & the same 43500 PE followed by 43800 CE and 43700 PE. Highest OI at CE indicates the resistance level and the highest OI at PE indicates the support level.

PCR is also a good indicator to analyze immediate support and resistance levels. If PCR of any particular strike is below 0.60, this indicates an immediate support level and if PCR is above 2.0 that indicates an immediate resistance level.

At 43500, PCR value is 3.89, indicating an immediate support level and PCR at 44000 is 0.39, indicating an immediate resistance level. So based on the OI data, the weekly range can be 43500 – 44000 and the broad range could be 43000 – 44500.

Keep tracking 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 option hedging strategies. Just enrol for our Option Strategies – A Mentorship Program.

Bank Nifty weekly expiry Strategy: Trapdoor Iron Condor

Possible adjustments:

This strategy is an advanced strategy and required a proper understanding of the logic, strike selection and risk management behind the strategy.

I have shared a detailed explanation of the formation and adjustments in this small course. Please check the below link to learn the strategies and adjustments:

Weekly Expiry Option Strategies for Nifty & BankNifty

If you want to learn these bank nifty weekly expiry strategy and their adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program(20% OFF).

Post your comments in the comment box if you have a query related to the Nifty and Bank Nifty weekly expiry strategy. You can ask any question related to options trading in the comment box.

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*(Please avoid any questions like which Call or Put we should buy in the coming week).

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• Options trading is risky, don’t lose your shirt!
• What Wikipedia Can’t Tell You About Trade Options for a Living

DISCLAIMER: – we are not a SEBI research analyst. Views or the nifty and bank nifty weekly expiry strategy 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.