It is hovering at the pre pandemic resistance levels. Resistance at 202 has been tested once and rejected at the breakout level. In my opinion it may test the resistance one more time before the breakout happens. If this follows the lower trend line in my opinion the breakout is certain around the last week of september 2020. If during now and sep last week its...
Refer chart : classic Text Book pattern.
No Naked trades , Use strategy :
1) Buy 230 Dec calls , sell 250 Dec calls --- My preference.
2) Buy Dec future , Sell 230 Dec call
3) Sell Dec 240 or 250 Put , Buy 220 Put
4) Buy 2 lot 230 call , Buy 1 lot 230 put
check what strategy suits you ,And execute your trade .
Beware lot size is 3500 , so risk is high...