Nifty July Iron Condor Strategy – Premiums are Still Attractive!Hello Traders!
After a strong April, May and June where all three our option writing strategies gave full profits, we are back again with the July edition. Market is respecting the range beautifully, and we are again going with a non-directional Iron Condor setup.
Let’s walk through the logic and setup, based on the recent chart and market behaviour.
Why This Strategy Now? (Based on Chart Analysis)
Resistance Zone: 25,667–26,267 (two-layer zone, minor and major resistance)
Support Zone: 24,240–24,892 (50-DEMA tested, strong support)
Nifty is hovering inside the range – no clear trend, perfect for sideways strategy
MACD has given bearish crossover – adds pressure on upside
Strategy Setup (Iron Condor – 31st July Monthly Expiry)
Sell 24900 PE (2 lots)
Buy 24500 PE (2 lots)
Sell 25500 CE (2 lots)
Buy 25800 CE (2 lots)
Payoff Graph for Strategy:
Why This Works (Logic + Technical View)
Strategy revolves around the 24,750–25,650 zone where Nifty is stuck
Support well aligned to 50-DEMA at 24,892 and 24,240 (intermediate support)
Volatility is neutral, data is range-bound – ideal environment for iron condor writers
No major events or newsflow – market likely to stay inside band
Risk Management & Exit Points
Exit if Nifty gives a clean breakout above 25,700 or breakdown below 24,250
If strategy gives 40–50% max profit early, consider booking
Always keep an eye on VIX and OI buildup for major trend shifts
Rahul's Tip
This strategy has worked beautifully for last 3 months. If you’ve been with me, you know how well Iron Condors can work when market ranges. So we ride the same logic again, until the breakout comes.
Once again – this is a low risk, range-bound iron condor setup with good risk-to-reward.
Have you ever tried a short iron condor on NIFTY? What was your experience? Drop your thoughts below!
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Regular updates coming with chart tracking, P&L changes and smart exits.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
