BANKNIFTY Short Strangle Wed

1) Wed Market is a PED(Premium eating day) - Bidirectional so short strangle works better
2) you can sell top 3 leg CE & bottom 3 legs PE
3) Green lines are safe zones
4) Usually market is range-bound from 11 - 12/1PM Major moves happend before 10 and after 1PM/ 2PM
5) so better to square off before 12PM / 1PM of conservative traders
6) SL/Exit whenever it touches a safe zone or loss goes > 3000


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.