BANKNIFTY Shorting Based on Vix!

🛑 Shorting strikes purely based on india vix volatility index

- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 39500 CE and Short 38000 PE

🛑 we can observe that market may be stays in between within the mentioned strikes

- if we short both side / if we did short strangle then
◽if breakout at 39300 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39500
◽if breakdown at 38300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38000




🛑Rules to follow while initiating the trade
◽ Take an trade after 11 to 11:30 AM
-if market still in between our mentioned shorting strikes
- from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's)



◽i hope that it will help a lot ,
do like it and follow for more
have a nice day,....