Today being weekly expiry and RBI meeting at 10 am,volatality was at its peak.Both side chop chop was going on.
Aim was to earn 10-12k but all went in despair when the price action became out of understanding.
Trade 1 to Trade 10 all orders went in vain and ultimately closed the terminal at 3 with taking loss .
Learnings and Understanding
a) Only focus on the outside boundaries where market is ranging between for example here between 19670 & 19535 future levels it means spot levels will be 19650 & 19500.
b)Debit spreads anyday are better than credit spreads as they give better decay as higher premium is shorted.
c)Ignore the chart as most expiries are range bound so focus how the options are behaving and choose that strike which is going to be 0.
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