Nifty Weekly Trade Ideas - 21 July 2022

Nifty is currently in range.

Sell 16200 CE - 21 July 2022
Buy 16400 CE - 28 July 2022

Explanation:

If weekly expiry of 21 July 2022 expire below 16200 we will be in profit as 16200 CE will be zero. But at the same time there will still be some premium left for 16400 CE strike.

If Nifty picks a uptrend then being a monthly expiry 16400 CE will add premium & decay will not be happening like weekly expiry strikes.

Adjustment is also very easy if market comes near 16200 levels. We will simply sell higher strikes to make up for the lost premium, as 16400 CE will be giving us good profit already.