TradeSharkHedge

Nifty is it forming H&S or continue its cycle -Feb Expiry

NSE:NIFTY   Nifty 50 Index
Nifty looking to form H&S, at 16800, and strong support at 16500 level.
Following Hedge idea can be explored.
Short Strangle
Selling 16500 PE (cmp 166 )and 17100 CE (cmp 144) of Feb expiry.
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