BANKNIFTY analysis for option sellers

only for optionssellers
For those who are seeking for which strike I have to sell

I'm giving strike for selling both CE and PE (short strangle) purely based on India vix volatility index

Sell CALL option 37600 CE anywhere between 37100-37350 and exist from it if breakout 1st resistance level 37450-37500 level (stop loss strike for call selling)

Sell PUT option 36800 PE anywhere between 37100-37350 and exist from it (STOP LOSS) if it breakdown immediate support level 36900-36850 level
And caution SELL both PE and CE near expire that is 23rd sep expire because we can make profit through time decay and More importantly if it breakout/breakdown happens exist from only side and keep it otherside u will get more profit and if it stays between what I mentioned those levels then u will make great profit

I hope that it will helps a lot
If you like it do follow and have a nice day 😊