Short

BANKNIFTY strikes to sell based on India vix❗ ❗

Hi traders 😊

🛑 Banknifty short strangle strikes

🛑 Selling strikes purely based on India vix volatility index

🛑India Vix closed at 18. 54 with gaining of nearly 2.71% over the one day which means premiums were high on both the sides of options which is help for option sellers if market stays between this range as follows

🛑If we calculate India vix for day volatility or expected swing in both side for next day the we will get

◽ Here banknifty can go upto max +370 points from previous close 37945 means it may can swing up to hardly 38315 we can see in option chain their is more shorts position were holding by institutional traders

◽ Or can go down by -370 points from previous close 37945 and it may be swing down to 37575
( Caution it doesn't include any sentiment ie . Global or economical or news)

◽Indian Vix volatility works best in range bound market and helps option sellers

◽ Now clearly we get one strike from to short ie .38300 in CALL side

◽ Another one in downside we get one strike ie . 37500 PUT side

◽we can clearly observe that market maybe trade between this range so I will going to do this

Short strangle means selling OTM strikes of PE And CE

◽ short CALL

➡️ Sell 38300 CE with stop loss of 38150 (simply exist from position after breakout of 38150 with is crucial resistance level I have discussed above it you can checkout by visiting mine profile)

◽Short PUT

➡️ Sell 37500 PE with Stoploss of 37600 (or in other words : exist from PUT position if breakdown of 37600 which crucial support zone and it is pivot point control region. I have discussed above it clearly u can visit mine profile and Checkout)

➡️ If sold both strikes (or if do short strangle)

Key important you must have to follow

◽ Exist from one position if breakdown/breakout happens and keep it another side for until reach the target level
( if want to know Target level set visit mine profile and watchout BANKNIFTY analysis for expirey day I have clearly mentioned Target levels)

◽ If breakout happens at (38150)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 38500 (I clearly explained about it visit mine profile)

◽ If breakdown happens (at 37600 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 37300

🛑You can also short only side either CALL or PE and follow respective Stoploss points
(Personally I will recommend Sell CALL or CE becaut fear market is higher )

🛑Make sure your capital is 1.6 L rupees to execute this strategy

🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake

◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence

◽have nice day 😊

agasthya_d

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agasthya_d

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