Bankniftyse traders 😊 I hope that you are doing well
🛑 Are seeking for which strike I have to sell then listen here for 1 min
🛑 Selling strikes purely based on India vix
🛑 Short strangle strike's for BANKNIFTY
◽ sell CALL ➡️ Sell 37400 CE with stop loss of 37350 (simply exist from position after breakout of 37350 with is crucial resistance level I have discussed above it you can checkout by visiting mine profile)
◽Sell PUT ➡️ Sell 36600 PE with Stoploss of 36850 (or in other words : exist from PUT position if breakdown of 36850 which crucial support zone . I have discussed above it clearly u can visit mine profile and Checkout)
➡️ If sold both both strikes (in other words 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 (37350)exist from Position of CE or buy back CE or close CE selling position Then keep short side PE to reach Target of 37800 (I clearly explained about it visit mine profile)
◽ If breakdown happens (at 36850 ) then exist from Position PE or buyback PE or Close Position PE Then keep it selling CALL (CE) until reach Target level 36550
🛑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 )
🛑I will explain completely about how to select strike to short the market based on India vix volatility index ➡️ If you give 50 like and 50 reputation Then I will explain about it in next analysis 😊
🛑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 have nice day 😊
🛑 Market is boomed due to unchanged interest rate news was out by FED
🛑 Nifty closed with gain of 270+ points
🛑 where bank Nifty closed with gain of 790+ points
🛑 Contribution from every sectors majory IT and Auto stocks and mid and small cap index was also led the market to bullish
🛑 However , I given strikes to short strangle
◽ I was also given Stoploss strike also because that's the point were market is control if market goes above that then we can expect more move on that particular direction so I given stop strike also
◽ 🔻shorting 37400 CE hitted our stoploss ie.17640 hitted Stoploss means market traded above that resistance level I don't want risk mine portfolio so I exited from Sell CE position
◽ now I'm reminded with other position ie. 36944 and it achieved mine target ie. 37500 ☑️
kindBear59317
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What is the capital required for short stradlle
agasthya_d
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@kindBear59317 🛑 margin required around 310000 to sell both CE PE and 🛑 if you buy covering for both CE and PE then margin required is around 60000 / lot
agasthya_d
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sorry for type mistake at top "Hi traders 😊 " typo mistake it taken like * Bankniftyse 😅
market closed at ITM 3:30PM
🛑 Market is boomed due to unchanged interest rate news was out by FED
🛑 Nifty closed with gain of 270+ points
🛑 where bank Nifty closed with gain of 790+ points
🛑 Contribution from every sectors majory IT and Auto stocks and mid and small cap index was also led the market to bullish
🛑 However , I given strikes to short strangle
◽ I was also given Stoploss strike also because that's the point were market is control if market goes above that then we can expect more move on that particular direction so I given stop strike also
◽ 🔻shorting 37400 CE hitted our stoploss ie.17640
hitted Stoploss means market traded above that resistance level I don't want risk mine portfolio so I exited from Sell CE position
◽ now I'm reminded with other position ie. 36944 and it achieved mine target ie. 37500 ☑️