Archive · 21 Jul 2026
Nifty Weekly Expiry: Kotak Suggests Short Strangle Strategy
The Nifty50 index had a slight drop but is still in a recovery phase.
Experts like Sahaj Agrawal from Kotak Securities see support at 24,100–24,000 and resistance at 24,350 and 24,500.
They suggest a short strangle strategy, selling a 24,500 call and a 23,950 put, to benefit from time decay.
The market is expected to trade within a range of 24,000–24,400, favoring option-selling strategies.
Nifty50 index settled at 24,238.50, down 95.80 points.
Key support levels are at 24,100–24,000, with resistance at 24,350 and 24,500.
Open interest is concentrated at 24,300 Call and 24,200 Put strikes.
Trading range for expiry is expected to be 24,000–24,400.
Kotak suggests a short strangle strategy with a stop loss at Rs 38.
- Who
- Kotak Securities, Sahaj Agrawal
- What
- Nifty weekly expiry and short strangle strategy
- When
- During the current series
- Where
- Indian stock market
- Why
- To capitalize on accelerated Theta (time decay) during the final trading session before expiry
Bullish View
Bearish View
Market Structure
Bullish View
The broader short-term structure favors the bulls as long as key support levels remain intact.
Bearish View
Pullbacks after a sharp recovery could indicate a potential trend reversal if support levels are breached.
- Nifty50 Closing
- 24,238.50
- Nifty Bank Closing
- 57,945.00
- India VIX
- 12.98
- Immediate Support
- 24,100–24,000
- Resistance
- 24,350, followed by 24,500
- Trading Range
- 24,000–24,400
- Short Strangle Strategy
- Sell 24,500 call and 23,950 put
- Stop Loss
- Rs 38