rao1216

BankNifty Levels for 20-09-2022

NSE:BANKNIFTY   Nifty Bank Index
As per the Option Chain Analysis it is observed that 41000 Short straddles are deployed, due to the high volatility these short straddles are hedged with 42000CE & 40000PE. It is formed as Iron Fly (Iron Fly - Short Straddle with hedges).

I'm observing the range between 39900 to 41600 with volatility.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.