Volatility contraction on nifty futures

Updated
A huge volatility contraction is witnessed at the Nifty February contract. As shown in the chart image on breaking 17734.30 levels buying put options will be profitable.
Note
Currently waiting for the 17734.30 level to break.
Trade closed manually
Book profit at 17674.65
niftyshortniftytradesetupSupport and ResistanceVolatility

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