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    BANK NIFTY: Sideways

    This is short Iron Condor, where we go short OTM CALL and OTM PUT.

    Synopsis

    BANKNIFTY’s daily trend is sideways. The RSI for monthly, weekly and daily is showing sideways momentum. Based on option chain analysis, the range is between 43500 and 44000. Let’s plan a trade around this.

    BANKNIFTY’s daily trend is sideways. The RSI for monthly, weekly and daily is showing sideways momentum. Based on data, its maximum open interest on the PUT side is at strike 43500; and on the CALL side, it is at 44000. We are assuming it will spend most of the time between 4300 and 44000. We are recommending a short Iron Condor strategy for taking a short-term non-directional strategy.An entry can be considered if the price is between 43000 and
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