Option selling strategy thread 🧵

*Capital must be above 6lac

*Target only banknifty (weekly expiry)

* Target 1/2% per week

* combine premium should above 100

Two types of strategy normally i use

⚡ directional

⚡Non directional (strangle)

(1/3)

I am using only one indicator in the chart.
i.e DC(20) = Donchain Channel
I use 3 min chart and the DC period is 20, so DC high is basically the last 1 hour high & DC low is the last 1 hour low.
The middle line is the median of high and low.

(2/3)

Donchian channels are mainly used to identify the breakout of nifty/BNF.
We can take directional bias based on the indicator.
If nifty is breaking DC high, can take bullish view.
if it is breaking DC down, can take bearish view.
if it is in between, can trade range-bound.

(3/3)

We can monitor nifty/banknifty futures with volume along with DC.
If the volume is 1.5 to 2 times the average volume and if DC high/low is taken out then it can be a strong bullish/bearish signal.

BANNARI AMMAN, SATHYAMANGALAM (TN)
#bharatmandir #navratri2021

Bannari Amman Kshetram is dedicated to Mariamman, known as the goddess of Rain. This divine place is located at the foothill of Thimbam.

Bannari Amman is a form of Shakti. The murti is swayambhu (self-manifested).

Some 300 years ago, cowherds used to leave cattle here for grazing. One day, a cow was seen shedding her milk under a Vengai tree. Next day also, the cow did the same thing. Villagers removed the thickly grown grass and found a sand-hill and Swayambu Linga near it.
@GunduHuDuGa

It is believed that a deity protected traders from Kerala who travelled through this place to Mysore. Fascinated by the beautiful surroundings, she decided to stay here to protect devotees. A shrine was built and Bannari Mariamman is worshipped here since then.

Bannari Amman is the only shrine that faces the south direction. Instead of Vibhuti and Kumkuma, Bannari soil is given to the devotees. The Kundam festival (fire walk on heated charcoal) is most famous here.