BANKNIFTY Shorting strikes 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 39000 CE and Short 38300 PE

🛑 we can observe that market may be stays in between within the above range

- if short both side / if we did short strangle
if breakout at 38850 happens then we can exit from short CE position and hold short PE until achieve the target of 39000
if breakdown at 38450 happens then we can exit from short PE position and hold the short CE until achieve the target of 38300


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