BANKNIFTY shorting strikes !!

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 38900 CE and Short 38200 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 38600 happens then we can exit from short CE position and hold short PE until achieve the target of 38800
if breakdown at 38200 happens then we can exit from short PE position and hold the short CE until achieve the target of 38000


for detailed explain kindly checkout mine resent post


i hope that it will help a lot ,
if you like it do follow for more
have a nice day
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