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Nifty - Weekly View 

Axis Securities Limited presents the Nifty weekly option report. We have undertaken a detailed analysis to provide a strategy for the index based on the following week's expiry.

Option Highlights:

The highest Open Interest on the Call side is at the 23,500 strike, followed by 23,300 and 24,000, which could act as resistance levels.

On the Put side, the highest Open Interest is at 23,000, followed by 23,300 and 23,200, which may serve as support levels.

The premium for the At-the-Money option is Rs. 353, indicating a likely trading range for the week between 22,800 and 23,700.

NIFTY Strategy: Bear Put Spread

View: Moderately Bearish.

Rationale: Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward. The strategy involves buying one lot of the 23,300 strike Put Option and simultaneously selling one lot of the 23,100 strike Put Option.

Strategy for Week 09th April 2025 Expiry

Buy Nifty 23300 Put @ 140 - 160
Sell Nifty 23100 Put @ 85 - 95

Break-Even 23,237
Risk : Rs. -4,725/-
Reward : Rs. 10,275/-
 

* Current Week Expiry Nifty Open Interest Distribution

* The highest Open Interest on the Call side is at the 23,500 strike, followed by 23,300 and 24,000, which could act as resistance levels.

* On the Put side, the highest Open Interest is at 23,000, followed by 23,300 and 23,200, which may serve as support levels.

* The premium for the At-the-Money option is Rs. 353, indicating a likely trading range for the week between 22,800 and 23,700.

* Monthly Expiry Bank Nifty Open Interest Distribution

* The highest Open Interest on the Call side is observed at the 53,000 strike, followed by 52,000 which may act as resistance levels.

* On the Put side, the Highest Open Interest is at 53,000, followed by 51,000 which might act as support levels.

* The premium for the At-the-Money option stands at Rs. 1493, indicating a probable trading range for the week between 49,500 and 52,900.

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