BANKNIFTY Shorting strikes for Tuesday!
🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 40000 CE and Short 39300 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 40000 happens then we can exit from short CE position and hold short PE Position until achieve the target of 40300
if breakdown at 39300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 39000
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 40000 CE and Short 39300 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 40000 happens then we can exit from short CE position and hold short PE Position until achieve the target of 40300
if breakdown at 39300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 39000
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
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