Delta Neutral Short Strangle in Nifty

NSE:NIFTY   Nifty 50 Index
Strangle will be by Selling 12400 CE and Selling 12300 PE
The premium for 12400 CE = 11.35
Delta of 12400 CE = -0.24
The premium for 12300 PE = 15.1
Delta of 12300 PE = 0.30
Net Credit = 26.45
Overall Delta = 0.06
Net premium received = 1983.75

A Hanging Man candlestick pattern can be spotted on Chart which would have been a Doji if the price difference between Open and Close was not there so it can either be interpreted as Doji or a hanging man but if markets open in red it acts as a confirmation.
In the US markets bulls are showing high confidence as a deal may be signed between the US and China which may affect Indian Markets.

Happy Trading...
Trade closed: target reached: Profit of Rs. 1980 but the hanging man got rejected

Happy Trading...