F&O | Expiry trading strategies for Fin Nifty options today

Overall trend is expected to be bullish on expiry day

The Fin Nifty index opened flat on November 21 morning and has since been trading in a narrow range of 100 points. The overall trend for the day, which is also the expiry day, should be bullish, Motilal Oswal said in a note.

“The index needs to surpass and hold above 19,580 zones to extend the momentum towards 19,650 then 19,750 zones, while a hold below the same, could drag it towards 19,420 then 19,350 levels” Motilal Oswal said.

At 1.57 pm, the Fin Nifty index was trading at 19,617.25 up 0.51 percent from the previous close.

According to open index data, the 19,600 strike saw the maximum change in OI with 3.12 crore puts and 2.68 crore calls written.

Open interest data

In terms of the weekly change, “Fin Nifty is trading marginally lower by 0.12% at 19518 on the weekly expiry basis (Monday close to Monday close). Fin Nifty VWAP of the week is near to 19600 levels and it is trading 80 points below the same indicates overall volatile bias for expiry day point of view.” Motilal Oswal added.

Fin Nifty levels

Trading Range: Expected wider trading range: 19,350-19,420 to 19,650 -19,750 zones.
Option Strategy: The option traders can initiate Bull Call Spread (Buy 19,450 CE and Sell 19,500 CE) to play the upside move.

Option Writing: Option writers can write 19,750 Call and 19,350 Put in pair with double the SL.

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