BANK NIFTY SYMMETRICAL TRIANGLE WITH OPTIONS TRADING STRATEGIES
Updated
Bank Nifty Symmetrical Triangles in Monthly TF.
May's Range: 36,400 - 38,600
Bullish: >38,600
Bearish: < 36,400
Short Strangles recommended for May Expiry given the low VIX.
Good Luck!
May's Range: 36,400 - 38,600
Bullish: >38,600
Bearish: < 36,400
Short Strangles recommended for May Expiry given the low VIX.
Good Luck!
Comment
Compare the two BNF triangles. 1) Yellow triangle, the price was sticking to resistance line before breakout.
2) White triangle the price is sticking to support line.
Can we expect a breakdown in May?
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