BANKNIFTY Shorting by using 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 38600 CE and Short 37900 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 38600 happens then we can exit from short CE position and hold short PE until achieve the target of 38700
if breakdown at 37900 happens then we can exit from short PE position and hold the short CE until achieve the target of 37800


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