Nifty & BankNifty Weekly Analysis with Option strategy for 5th Dec Exp

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Hello guys, Hope you are doing good. As I shared in my last Weekly Analysis with Option strategy that nowadays volatility has reduced in the market and the market is coming in its previous stage.

Time has come when the market will reward those who are following their risk: reward rules and manage to save their capital in last 2-3 highly volatile months.

This week we saw new highs in both the indexes. Both are giving a strong upside movement. Its look like that weakness has gone from both the Indexes. We are getting positive signals from other sectors too.

FIIs are the net buyers in this market bought in cash around 12000 Cr in the last 6 trading sessions. Which is giving a good boost to our market. The overall trend is UP and there is no sign of weakness.

Nifty weekly Analysis with Option strategy

Nifty Chart Today

Nifty gave a very good breakout from 12100 on 28th November and trying to sustain above 12100. It is very important to sustain above this level if Nifty wants to hit new higher levels.

If you draw the Fibonacci tool, you will find that the first target is around 12500 and the second target is 13000. After a breakout from 12100, new doors have opened. We can initiate a long position here with a short term stop loss of 11800.


12100 – 11800 is no trade zone. Initiate a trade only after a successful breakout or breakdown.

This is a buy on dips market. So always create a long position with every dip. Do not fall in a trap of short position. Keep your position with a proper hedge. Always keep in mind that, anytime market can give you a surprise.

Nifty Option Chain analysis

Nifty Open Interest

Based on option chain data, the highest Open interest stands at 12100 CE & 12000 PE, followed by 12200 CE & 11900 PE. PCR of all strikes is 1.02, which indicates a neutral market. PCR at 12000 stands at 2.22, which is acting as an immediate support level.

The Put-call ratio at 12200 stands at 0.2, which is acting as a resistance level. Equally, important indicator Option Pain is at 12000, indicating weekly expiry at 12050. A shift in option pain will provide further levels.

Significant open interest buildup on-call sides, Especially 12100 CE, 12050 CE & 12200 CE, which indicates that the market is facing some pressure on the higher side. Based on Option chain data, 11900, 12000 are good support levels & 12100 & 12100 are good 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: Modified butterfly

Nifty Weekly Option Strategy

Possible adjustments

If you find that Nifty gives a breakdown and sustaining below 12000, then square off 12100 CE & 12150 CE in profit, and short 11900 CE and convert it into a bear call spread.

I have started a new Youtube channel where I’m posting daily analysis based on charts and Open Interest data in Hindi. Many people were saying that I should start something for those who are more comfortable in Hindi. So I started that youtube channel.

Nifty and Banknifty weekly and Month Expiry analysis[Hindi]

Banknifty Weekly analysis with option strategy

Bank Nifty Chart Today

This week, Banknifty made a new all-time high and traying to sustain above 32000. As I shared in the last weekly analysis with option strategies post that 31800 is very crucial level for bank nifty. Banknifty has to sustain above this level for some more upside levels.

We saw some good buying in banking shares which is giving good support to bank nifty. We can initiate a new long trade here with a stop loss of 31000.

The overall trend is positive and there is no sign of weakness. So don’t buy any put in a hope that now it will reverse. Every dip should be a buy opportunity.

Bank Nifty option chain analysis

Banknifty Open Interest analysis

Based on option chain data, the highest Open interest stands at 32000 CE & 31500 PE, followed by 32500 CE & 31000 PE. PCR of all strikes is 0.93, which indicates a neutral market. PCR at 31800 stands at 10, which is acting as an immediate support level.

The Put-call ratio at 32000 stands at 0.5, which is acting as a resistance level. Equally, important indicator Option Pain is at 32000, indicating weekly expiry at 32000. A shift in option pain will provide further levels.

If you don’t know how to analyze open interest. Just enrol for our Option Strategies – A Mentorship Program.

Bank Nifty Weekly Option Strategy: Iron Condor

Banknifty Weekly option strategy

Possible adjustments: You can shift Call spread 300 points below after a successful breakdown from 31600. Same you can do with a put spread. Shirt Put spread 300 points up after a successful breakout from 32300.

To learn the advanced adjustments, you can enrol to our Option Strategies – A Mentorship Program

Much Check this also- Modified Condor Option Strategy in VEDL, Bull Call Ladder in ZEEL,  Iron Condor in SBINWeekly Analysis & Option Strategies For 10th Oct Exp, Why People Lose Money & Nifty and Bank nifty index analysis with Option Strategy

Post your comments in the comment box if you have a query related to the Weekly option strategy. You can ask any question related to options trading in the comment box.

If you need More real-time assistance on Nifty and Banknifty weekly option strategy Can take our premium subscription or open a trading account with us and you will get real-time assistance every month on these weekly option strategies. You can contact us on WhatsApp.

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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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