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 39000 CE and Short 38300 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 38850 happens...
Today BankNifty opened with a Gap up and we immediately saw the sell-off. BankNifty is again near the lower range which is 34500-34400 levels. Let's see tomorrow if we see the breakdown or BankNifty again take support from these levels.
Expectations for Tomorrow: Flat opening and range-bound market.
Sell below orange color line
Sell triggered after 10:00 am candle give 350 plus points of profit and again at 14:15.
Almost 700 points of profit given by this setup.
On 1st setup SL is Blue line and on 2nd setup SL was orange line
1. Daily time frame shows back to back green candle (retracement needed)
2.1 min time frame rising pattern breakdown.
4.Rising wedge pattern (High probability of giving a break-down)
1. Victory of Biden can have a bullish impact on the markets.
This is my view and, lets hope for the best.
We have a complete analysis in our previous Post, I was waiting for Wave 1 to complete; Its verified Wave By Wave and Now Wave 2 is forming which is a Flat structure; Wave A and B are almost complete; Wave is the the last Impulse and then we get the MOST AWAITED WAVE 3in downward.
Note: This is for educational purpose only.
Bank Nifty unable to break resistance (23100 - 23150) thrice. Moreover, there is a bearish ascending triangle breakout on daily chart. Same is reflected on RSI trend line as well. RSI below 50 indicates loss of bullish momentum.
Hii this is trader Kanishk
This is BANK NIFTY
Here the phase is very volatile and we don't have to took long position in bank nifty.
With till it breaks the trend line and then short it.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional trade at this time without any...
Shorting Opportunity below 17800 for a Target of 17665 followed by 17510 with SL at 17955
Use 1-Minute Time Frame to enter into the trade.
Disclaimer: All views and chart analysis shared are purely for knowledge and information purpose only. Our analysis is intended only to provide general and preliminary information to investors and traders.
It shall not be...