Traders are focusing on support and resistance levels ahead of the August 18 Nifty expiry, with insights from niche technical methods guiding short-term positioning amidst evolving options flows.
Traders are heading into the August 18 Nifty expiry with a watchful eye on the index’s near-term trading band, as Bramesh Bhandari’s latest weekly options note highlights a set of support and resistance levels that could shape intraday positioning. The analysis is built around expiry-day flows and options behaviour, with the website framing the trade as one best approached through defined levels rather than broad market calls.
The piece says the outlook for the weekly contract centres on identifying where the index is likely to stabilise on dips and where supply may emerge on rallies. It also lays out separate intraday triggers for buying and selling, while suggesting call and put option tactics for traders looking to position around the expiry session. Bhandari says his approach draws on more than 15 years in Indian markets and combines Gann and astro methods, a style that remains niche but still has a following among short-term traders.
That emphasis on open interest and strike-specific levels fits a wider pattern in Nifty expiry research. Axis Direct’s March weekly option reports, for example, used cash, futures and open-interest data to map the strikes carrying the heaviest positioning on both the call and put sides, then converted that into an expected trading range for the week. In early April, Market Pulse from Master Trust pointed to a rebound after a sharp pullback, with the index finding support in the 22,300-22,400 zone before attempting to recover.
For traders, the practical takeaway is that weekly expiry plans tend to work best when they are tied to clear risk limits, rather than treated as predictions. The August 18 note is pitched as a road map for short-term participants, but as with other options-based reports, its value lies more in framing possible scenarios than in delivering certainty. The website also stresses that the material is educational, not investment advice, and warns readers to seek independent guidance before acting.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
