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Suntv Swing Trade - Strangle Idea

The risk and reward are pretty awesome. Suntv made a small green candle after huge blood in the last month.

But there is a huge resistance at 800, 820 and 840 call options. So, if you are buying, please sell 840 call options with it immediately too. There is a high chance it is a dead cat bounce and can fall even more.

Or, it can consolidate due to the huge OI resistance.

The best idea hence is to Short 760 PE and Short 840 CE. Close at 75% gain.
Catatan
12000 INR done for intraday.
Catatan
2950 INR done for intraday. Now there will be no futures buying. Its near resistance.

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