🛑 Shorting strikes purely based on India vix volatility index
🛑 Yesterday I given strikes and market closed in between those strikes , and made some good profits (you can checkout by visiting mine profile)
🛑 India vix volatility index helps us to identify short strangle strike's
🛑India Vix closed at 16.40 which is fall by 2.03% , which tells us that Both CE and PE strikes were declining
🛑 ( Caution it doesn't include any sentiment ie . Global or economical or news and avoid Shorting when there's impacting news were came out)
◽Indian Vix volatility index works best in range bound market and helps option sellers
🛑You can also short only side either CALL or PUT and follow respective Stoploss points As per below (Personally suggestion Sell CALL)
🛑 Short Call
◽ short 38000 CE (we can see in option chain data available in nse , there is lot of short positions were holding at 38000 Call side strike)
◽Exit from short Call position when market breakout 38050 resistance zone ( SL )
◽ Target will be 37200 book your profit at this level
🛑Short PUT
◽Short 37400 PE
(these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis for Wednesday )
◽ maintain Stoploss for this position 37400 / exit from this position to restrict your loss
◽Target will be 38200 / book your profit at this level / exit from short PUT position
◽we can clearly observe that market maybe trade between this range
🛑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