BANKNIFTY SHorting Based on Vix!

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 39700 CE and Short 39000 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 39550 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39700
if breakdown at 39000 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38800
- First immediate support zone for BANKNIFTY is at 39000 and main crucial support zone will 38900-38800

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