Nifty Bank IndexShort
BANKNIFTY Short ❗❗
Hi traders 😊...................
🛑 Shorting strikes purely based on India vix volatility index
🛑 India vix volatility index short strangle strike's
🛑India Vix closed at 17.21 which is fall by 6.47% on friday which show's that Friday market is in range bound and
🛑If we calculate India vix for day volatility or expected swing in both side for next day the we will get
( Caution it doesn't include any sentiment ie . Global or economical or news)
◽Indian Vix volatility index works best in range bound market and helps option sellers
◽ Now clearly we get strike from india vix volatility index to short ie .37600 on CALL side
◽ Another one in downside we get one strike ie . 36900 on PUT side (these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis fro Monday )
◽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 37600 CE with stop loss of 37650 (simply exist from position CE after breakout of 37650 )
◽ Target will be 36800
🛑 Short PUT
➡️. Sell 36900 PE with the Stoploss of 36900 (or in other words : exist from PUT position if breakdown of 36900 which crucial support zone )
◽ Target will be 37800
➡️ If sold both strikes (or if you do short strangle)
Key important you must have to follow
◽ Exist from one position if breakdown/breakout happens and keep it another side or another position until reach the target
◽ If breakout happens at (37650)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 37800
◽ If breakdown happens (at 36900 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 36800
🛑You can also short only side either CALL or P
PUT 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 😊
🛑 Shorting strikes purely based on India vix volatility index
🛑 India vix volatility index short strangle strike's
🛑India Vix closed at 17.21 which is fall by 6.47% on friday which show's that Friday market is in range bound and
🛑If we calculate India vix for day volatility or expected swing in both side for next day the we will get
( Caution it doesn't include any sentiment ie . Global or economical or news)
◽Indian Vix volatility index works best in range bound market and helps option sellers
◽ Now clearly we get strike from india vix volatility index to short ie .37600 on CALL side
◽ Another one in downside we get one strike ie . 36900 on PUT side (these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis fro Monday )
◽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 37600 CE with stop loss of 37650 (simply exist from position CE after breakout of 37650 )
◽ Target will be 36800
🛑 Short PUT
➡️. Sell 36900 PE with the Stoploss of 36900 (or in other words : exist from PUT position if breakdown of 36900 which crucial support zone )
◽ Target will be 37800
➡️ If sold both strikes (or if you do short strangle)
Key important you must have to follow
◽ Exist from one position if breakdown/breakout happens and keep it another side or another position until reach the target
◽ If breakout happens at (37650)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 37800
◽ If breakdown happens (at 36900 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 36800
🛑You can also short only side either CALL or P
PUT 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 😊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.