Stock Market Prediction for Next Week with Option Selling Strategies

Hey Traders!

I hope you're all doing well and staying safe. I've been sharing option selling strategies for Nifty and BankNifty every week, and I'm getting great feedback. Some people are using them as a free resource to get tips, while others are using them as an opportunity to learn.

I appreciate both approaches, but I believe in education. The only way to become a successful trader is to continue learning and growing. These free tips can give you short-term gains, but for long-term survival, you need a proper understanding of what you're doing.

So instead of just following the tips, try to understand the logic behind them. Why is this strategy working? What are the risks involved? What are the different ways to adjust the strategy if the market moves against you?

If you need any help, I'm always here to answer your questions. Just ask in the comment box and I'll be happy to help.

But the most important thing is to take action. Don't wait for the perfect strategy or the perfect market conditions. Just start trading and learn as you go.

I know a lot of you have been following the market for years, but you're still not seeing consistent returns. Why is that?

It's because you're not analyzing the market. You're just following tips or searching for free advice. You're hoping that someone will give you the magic formula to make millions.

But there is no shortcut to success. If you want to be a successful trader, you need to put in the work. You need to learn the market and develop your own trading strategy.

That's where I come in. I'm offering a mentorship program that will help you take your trading to the next level. I'll teach you the fundamentals of option selling and how to develop a profitable trading strategy.

I'll also give you the support and guidance you need to succeed. I'll be there to answer your questions and help you overcome any challenges you face.

If you're serious about becoming a successful trader, then this mentorship program is for you.

1. Click here to learn more about the mentorship program.

But before you do, let me tell you what you'll get from this program:

• In-depth education on option selling: I'll teach you everything you need to know about option selling, from the basics to the advanced strategies.
• Personalized guidance: I'll work with you one-on-one to help you develop your own trading strategy and overcome any challenges you face.
• Access to a community of like-minded traders: You'll be able to connect with other traders in the program and learn from each other.
• A proven trading system: I'll share with you my own trading system, which has been proven to be profitable over time.
• A 100% satisfaction guarantee: If you're not happy with the program for any reason, you can get a full refund.

If you're ready to take your trading to the next level, then this mentorship program is for you. Click the button below to learn more.

Let's do this!

P.S. I'm offering a limited-time discount on the program. Click the button below to learn more.

In addition to the information I've already shared, I'd like to add that option selling is a great way to generate consistent income from the market. By selling options, you can collect a premium for taking on the risk of the underlying asset moving against you. This can be a very profitable strategy, but it's important to understand the risks involved and to develop a sound trading plan.

If you're interested in learning more about option selling, I encourage you to check out my mentorship program. I'll teach you everything you need to know to get started, and I'll be there to support you every step of the way.

If you need any help or have any queries or feedback, type in the comment box and I will love to answer all your questions.

Nifty Prediction for next week with option selling strategies

Week starts on a positive note but we saw some profit booking in the last 3 trading sessions. I have shared in the last weekly analysis and option selling strategies post that A breakout from the recent high i.e. 21834 will trigger a fresh long signal for the next upside target..

On Friday, January 12, 2024, Nifty gave a breakout that helped Nifty reach a new high of 22124.15 on Tuesday, January 16, 2024.

On Wednesday we saw a gap-down that triggered selling in most of the stocks. HDFC Bank contributes 50 percent to fall in BSE Bankex, Nifty trades below 21,700 but this sell-off was expected after a sharp rally of more than 15% in recent times.

Now what next? Will this sell-off continue?

For me, it's too early to say anything. I believe in reacting based on the data available. And if you look at the data, it was obvious to witness such profit booking after a one-sided rally from March 2023.

Overall trend and market condition look positive and it looks like a healthy fall that brings new opportunities to buy good stocks at reasonable prices.

For the short term or the coming week, 21350 - 21450 is the range that is acting as the immediate support zone. Until Nifty is holding this range, I will not initiate a short trade. A breakdown from this range will trigger a short trade for the downside target of 20900.

For the medium to long term, Trend is bullish and don't listen to those who are creating panic after the recent sell-off.

Before we go any further, I'd like to share what I've observed throughout my trading career:

The market always goes against the noise. So whenever you see that everyone is predicting a fall, that’s a good time to go long.

Many will start arguing that there is no positive news for the economy, market, etc… then why the market is going UP? It will fall soon. I say that I don’t know about all these things, nor I’m following. I’m just following the market. The market is Positive which means I’m long. And when the Market gives a sell signal I will reverse my position.

I don’t have any intention to beat the market. I’m happy with the market.

If you still have doubts about the overall market condition, then you should read the article that Moneycontrol published yesterday.

• Read the article here: Nifty crash: Factors driving the sell off and should investors panic?

So for me, the coming range is 21350 to 21850. A breakout or breakdown from this range will decide further levels. If a breakdown, I will initiate a short position and a long position after a breakout from this range.

Nifty Prediction for next week based on OI data

Based on option chain data, the highest Open interest stands at 22000 CE & 21500 PE, followed by 21700 CE & 21600 PE. PCR of all strikes is 0.7, which indicates a neutral market. PCR at 21400 stands at 2.77, which is acting as an immediate support level.

The Put-call ratio at 21800 stands at 0.27, which is acting as a resistance level. Equally, an important indicator: Option Pain is at 21600, indicating a weekly expiry of around 21600. A shift in option pain will provide further levels of expiry. So keep tracking max pain.

Significant open interest buildup on both sides. Indicating that Nifty is facing good pressure from both sides and expecting to be in a range only. So based on the OI, the possible range for this week should be 21400 - 21800.

Keep tracking changes in 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 nifty and bank nifty option selling strategies. Just enrol for our Option Strategies – A Mentorship Program.

Nifty option Strategy: Mourse Ear Iron Condor

Possible adjustments for this Nifty weekly strategy:

Initially, you can keep a stop loss of 21300 & 21900 for this strategy. Means square off if you find nifty is giving a breakout or breakdown. Or you can make this adjustment too. ( Do not hold this strategy if the loss is more than 6000₹ per lot).

If you find that Nifty is giving a breakdown and sustaining below 21300, 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 21900. You can shift your put spread to 300 points up.

Important thing: It's a high-risk strategy and you have to follow it very closely. You should avoid it if you can't track the market closely.

If you want to learn these Nifty and BankNifty option selling strategies and their adjustments in more practical ways with live mentorship, You can enrol in our Option Strategies – A Mentorship Program (Last chance to get 70% OFF).

BankNifty Prediction for next week with option selling strategies

For the last many weeks, BankNifty was traded in a range but After a gap-down opening and sell-off on Wednesday, BankNiftu took support around 45500.

Now this 45500 level is acting as an immediate support and last hope for bulls. A sustainable breakdown will trigger a short signal that can drag BankNifty into the grip of bears.

Overall trend looks weak for the coming week in BankNifty. Any closing below 45500 will initiate a short trade.

On the upside, If Banknifty manages to sustain above 47000 for a minimum of 3 days then only we can expect some higher targets in the coming session. So till then, sell-on-rise would be a good strategy for coming sessions.

I follow Open Interest data with PCR reading to find the range and breakout levels. You too can follow it to make better decisions.

Want to learn how to generate a consistent return with Option selling strategies? Enroll in our Mentorship Program with a discount this week.

BankNifty Prediction for next week based on OI data

Based on Bank nifty option chain data, the highest Open interest stands at 47000 CE & 46000 PE, followed by 46000 CE & 45000 PE. PCR of all strikes is 0.8, which indicates a neutral market. PCR at 45500 stands at 4.05, which is acting as an immediate support level.

The Put-call ratio at 46500 stands at 0.34, which is acting as a resistance level. Equally, an important indicator, Option Pain is at 46000, indicating a weekly expiry of around 46000. A shift in option pain will provide further levels.

If you don’t know how to Predict BankNifty for next week based on OI data, Just enroll for our Option Strategies – A Mentorship Program.

Bank Nifty weekly expiry Strategy: Mouse Ear Iron Condor

BankNifty is highly volatile. So I avoid any positional strategy in BankNifty this week.

I will follow only my rule-based option strategies for Intraday in Nifty and BankNifty this week.

I have created a small course if you want to learn these strategies. You can check here: Advance Course to Learn Intraday Option Strategies

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

If you need more real-time assistance on the Nifty and Banknifty option selling 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 Banknifty option selling strategies. You can contact us on WhatsApp

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

Options Strategies – A Mentorship Program

If you’re an options trader looking to take your skills to the next level, then our Options Strategies: A Mentorship Program is the perfect opportunity for you. With our program, you’ll learn advanced option hedging strategies and adjustments through live market support, giving you the hands-on experience you need to succeed.

By signing up for our program, you’ll gain access to a team of experienced options traders who will guide you every step of the way. You’ll learn how to identify the right options strategies for different market conditions, how to manage risk effectively, and how to adjust your positions as needed.

Plus, with our live market support, you’ll have the opportunity to ask questions and get real-time feedback on your trades. This personalized support will help you develop the confidence and skills you need to take on even the most challenging market conditions.

Don’t miss out on this valuable opportunity to take your options trading to the next level. Sign up for our Options Strategies: A Mentorship Program today and start your journey toward success!

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.