Synopsis
Tata Steel’ daily trend is bullish. However, RSI for monthly and weekly is indicating a sideways trend. Based on option chain analysis, the range is between 100 and 120. This is a wide range. Let’s plan a trade around this.
Tata Steel’ daily trend is bullish. However, RSI for monthly and weekly is indicating a sideways trend. Based on maximum open interest, its maximum open interest at the PUT side is at strike 100, and on the CALL side, it is at 120. This is a wide range. We are assuming it will spend most of the time between 112-123. We are recommending a short Iron Condor strategy for taking the short-term non-directional strategy.
Where an entry can be
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