1) Wed Premium eating day (PED) morning 9:30 to 12 market is in the same range 2) on the execution of Short Strangle captured 4000 per lot 3) Mostly Wed will be bidirectional market
refer Chart for levels Formed Head & Shoulder Pattern
Market is near Parallel channel resistance today RBI Repo rate announcement is there
Short Strangle Wednesday market will be bidirectional and due Budget all premiums are high so due thetha in side way market can eat more premium applied short strangle and stayed 1.5 Hrs capture 2500 per lot Note:- My rule ADX < 25 then only it is favourable to do option selling but not followed this becoz premiums are want eat and get out as quick as posible
1) parallel Channel Support 2) 50 EMA support Crucial point it may reverse from here or If it breaks with full volume then down trend starts in the market
1) 14300 trendline 2) 14260 20 EMA are the crucial level for nifty
Refer levels weekend yesterday big fall happen expecting side ways market if consolidation breakes market may move any side wait for consolidation
Refer chart for levels if any level breakout market will be in that direction