Weekly Nifty and Bank Nifty options trading strategies for 28th Oct EXP

Hey Folks! I hope you are safe and healthy in this COVID-19 pandemic. In today’s article. I’m sharing three tips for Money management in Options Trading along with Weekly Nifty and Bank Nifty options trading strategies for the 28th October 2021 expiry. So read this post till the end to know the trend and the levels you should track for the coming week.

Money Management in Options Trading

In stock trading, money management plays an important role. Good money management will not only help to make good money but it will help to manage your risk too. In today’s post I’m sharing 3 tips you should follow to manage your money in Options Trading. These 3 Tips are:

1. You should play only with dedicated trading capital.
2. Never risk all of your trading capital at one trade
3. Trade with a Proper trading plan.

These are the three tips you should follow to manage your money in Options Trading. Let us look into these tips a little more deeply.

1. You should play only with dedicated trading capital.

Options trading is the riskier game. So, Never trade with your savings, loans, or any capital that you can’t afford to lose. It will help to keep your trading free from emotions. Because emotions are the biggest enemy of your successful trading.

It will help you to make some good decisions at a bad time. These decisions are the only milestones that will help to make yourself a more disciplined trader. So, always think about the worst and keep yourself ready to face that situation. You can only do that if you are trading with the capital that you can afford to lose.

2. Never risk all of your trading capital at one trade.

I have seen many people who put their entire capital in just one trade with the hope that this one trade can give them a huge profit. We should keep one thing in mind Higher return comes with high risk.

We all are trading with the predictions and predictions have only two outcomes, either your prediction will be right or wrong. So, every trade we are taking either will be in profit or in the loss.

That’s why we should diversify our capital into different trades because if one trade is giving us a loss then there is another trade that can compensate for that loss. With diversification, we can easily manage our risk and if you can manage your risk, profit will come automatically.

3. Trade with a Proper trading plan.

If you want to make money with options trading, you should have a proper trading plan. A proper trading plan carries all the information about your entry, exit, and stop loss. It will tell you when to enter the market and most important when to exit from the market.

If you are trading without a proper trading plan, it means you are itself are giving your money to the market with your hands. So, think once, why you come here? Did you come here to make money or just to lose your money? So, before you jump into the live market with your hard-earned money, keep your trading plan ready.

So, my dear friend, these are the 3 money management rules you should follow if you want to see yourself as a successful options trader. If you need any help or Mentorship to build a solid trading plan with all the trading rules, position sizing and risk management rule, must click on the below button and check our Option Strategies – A Mentorship Program.

Weekly Nifty options trading strategies for 28th October Expiry

After a good rally and making a new all-time high, we saw some profit booking on the higher levels. 18500 is a crucial and important resistance level here. A breakout will open a new door for a target of 19000.

On the downside, 18000 is acting as an immediate support level for the coming week. A breakdown will give us new downside levels.

For a medium to long-term prospect, Nifty is in a complete Uptrend. For a short-term or weekly perspective, we need a sustainable breakout or breakdown for further upside or downside levels. As per the current chart, the Weekly range can be 18000 – 18500.

Nifty weekly option chain analysis

Based on option chain data, the highest Open interest stands at 18500 CE & 18200 PE, followed by 18400 CE & 18000 PE. PCR of all strikes is 0.71, which indicates a neutral market. PCR at 18000 stands at 2.97, which is acting as an immediate support level.

The Put-call ratio at 18400 stands at 0.19, which is acting as a resistance level. Equally, important indicator Option Pain is at 18200, indicating weekly expiry at 18200. A shift in option pain will provide further levels of expiry. So keep tracking max pain.

Significant open interest buildup on CALL sides. Indicating good pressure from higher levels. So based on the OI, the possible range for this week should be 11700 – 12200.

Keep tracking change 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 to find the best Weekly nifty and bank nifty options strategies. Just enroll for our Option Strategies – A Mentorship Program.

Weekly Nifty options trading Strategies: Iron Condor

Possible adjustments for Nifty options trading strategies:

Initially, you can keep a stop loss of 18000 & 18500 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 is loss is more than 2000₹).

If you find that Nifty is giving a breakdown and sustaining below 18000, 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 18500. You can shift your put spread to 300 points up.

If you want to learn how to find the Weekly nifty options trading strategies with adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program.

Weekly Bank Nifty options trading strategies for 28th October Expiry

Last week we saw that BankNifty was taking support near 39600 but this week BankNifty gave a good and sustainable upside rally.

In the last weekly newsletter, I have shared that If Bank Nifty manages to sustain above 39600, we may again see some upside targets. Now after a sustainable upside rally, BankNifty is heading towards our first target of 40700. Above 40700 BankNifty may hit 42200.

On the downside, 39600 is acting as a strong support level and a breakdown will give us new downside targets. Keep tracking for further updates. As per the current chart, 39600 – 40700 could be the range for the coming week.

Weekly Bank Nifty options chain analysis

Based on Bank nifty option chain data, the highest Open interest stands at 40500 CE & 40000 PE, followed by 41000 CE & 38000 PE. PCR of all strikes is 1.25, which indicates an overbought market. PCR at 39500 stands at 3.13, which is acting as an immediate support level.

The Put-call ratio at 41000 stands at 0.07, which is acting as a resistance level. Equally, important indicator Option Pain is at 40200, indicating weekly expiry at 40200. A shift in option pain will provide further levels.

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

Bank Nifty option trading Strategies: Iron Condor

Possible adjustments for Bank nifty options trading strategies:

Possible adjustments for this best Bank Nifty option Strategies are:

1. Follow a stop-loss if the max loss is above 2000₹, close this strategy.
2. If you find that Bank Nifty gives a breakdown and sustaining below 41500, 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 39500. You can shift your put spread to 1000 points up.

If you want to learn these bank nifty option strategies with adjustments in more practical ways with live mentorship, You can enroll in our Option Strategies – A Mentorship Program.

Post your comments in the comment box if you have a query related to the weekly analysis and Best Nifty and Bank Nifty options trading strategies. You can ask any question related to option 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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The best strategy for Bank Nifty Future Intraday

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