SharemarketRaja

BANKNIFTY Short Strangle Wed

NSE:BANKNIFTY   NIFTY BANK
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