Head and Right Shoulder–Weekly Strategy for Nifty 08 May Expiry!

2 Mei

Hello everyone, This week’s expiry strategy is not just any setup – it’s a premium structure crafted to take advantage of market exhaustion near resistance. We’re calling it the Head and Right Shoulder Strategy, and the payoff shape says it all!

Why This Strategy? (Based on Chart Analysis)

Resistance Zone: 24400–24785 (supply-heavy region, multiple rejection wicks visible)

Support Zone: 23800 (major bounce levels, strong candle reactions)

RSI Divergence Confirmation: Bearish divergence spotted on higher time frame, hinting exhaustion

Strategy: Head & Right Shoulder – 08 May 2025 Weekly Expiry

Sell 2x 08MAY2025 24500CE @ 138

Sell 2x 08MAY2025 23850PE @ 115.65

Buy 1x 08MAY2025 24250PE @ 220.25

Buy 1x 08MAY2025 24250CE @ 269

Payoff Graph for Nifty weekly strategy



Strategy Highlights:
(Head and right shoulder pattern on payoff chart – limited loss, defined range!)

Why This Works (Key Logic + Technical View):

Bearish RSI Divergence: Visible on 2-hour chart

Minor resistance at 24400 acting as rejection zone

Resistance-heavy zone above 24750 – price unlikely to sustain above this weekly

Support near 23800 – strong bounce area

Volatility dropping – makes premium writing favorable

Risk Management:

Don’t hold if either side breaks with strong volume

Exit if Nifty sustains above 24800+ or below 23650

Always keep SL alert or reversal signs on breakout

Rahul’s Tip
“Options trading is not only about payoff views, it’s about understanding structure.
This setup looks like a Head and Right Shoulder on the payoff – and we’re trading it like one.”

Conclusion:
This Head and Right Shoulder structure fits perfectly for the current week. With clean resistance levels and visible exhaustion patterns, the payoff structure gives both direction and edge.

What do you think about this setup? Have you ever deployed Head & Shoulder shaped option strategies? Let me know in comments below!

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Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.

3 Mei

Dagangan aktif

Head and Right Shoulder Strategy – Update After 1 Day (03 May)

• Market exactly respected our resistance zone – 24500–24750 acted as a ceiling
• Strategy now sitting at ₹6,544 profit – premiums are decaying smoothly on both sides
• No breakout yet – we’re still within the ideal range 23400–24750
• Payoff structure still looks sharp – Head & Right Shoulder shape maintained perfectly
• Risk Alert: Exit or adjust if Nifty breaks above 24800 or falls below 23350
  

Have patience – Let time decay work its magic. Profit already started showing up!

8 Mei

Dagangan ditutup: sasaran tercapai

Weekly Strategy Live Update (As of 08th May 2025)

• Live P&L: 12248 profit (2.58%)
  
  
• Max Profit Potential: 31,354 (6.75%)
  
  
• Probability of Profit: 96.14%
  
  
• Strategy is working as expected – Nifty still within range
• We’re now in green! Let’s hold till expiry unless any breakout occurs

Will keep sharing live updates. Let me know in comments how your trade is going!