Banknifty is showing unusual resilience to breakdown, instead its chopping around. The intraday swing range has narrowed in the last 2 days which means we could expect a massive move pretty soon. I am not very sure what is restricting banknifty from falling. For example we had a good gap down today and hit the swing low of 16 Aug, but the recovery was so decent...
Short Strangle on WED =>PED (Premium eating day) given more than 80 pts from 9:30 to 12 Short Strangle - Neutral Strategy
Analysis mentioned on chart Regards @MrAkshatP
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