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update on credit spread.

Nifty iron fly almost loss free.. Whenever nifty decides to reverse... there would be plenty.. i am waiting

All u are doing is managing ur risk... & when one manages the risk - Profits follow !!!!

Took credit spread in Midcap nifty - CE(sell & buy) .. direction went wrong. Due to some commitments could not change it to iron condor on time.... still the position can be managed...

nifty 25370 —- can be achieved...25540 major resistance.

Iron fly is safest stratergy- Even when it does not work - loss is minimal - Infact mostly it is profit of 0.5 % when it does not work. & when it works in weekly it can give 5-10 % returns. So out of 4 weekly expiries if only two work .. u will still end up with profit of 7-15 % on minimal basis.

India vix still at 14 levels.

On the upside major resistance is at 25890

25540 is the next support - S2

25600 is good support for nifty

Link To Register - https://superprofile.bio/e/o-aFtT7I

Vix is up by 5 % — indicates market is taking IRAN war as a threat

Vix is increasing !!!

dont take unhedged positions on upside.

IRAN - US WAR is the only obstacle in the UPMOVE

NIFTY RETESTING 25760 levels. Created A Debit Spread.

Strangle in Midcap NIFTY

Major resistance broken yesterday - A retest may happen of 25760 levels.

Target of NIFTY is 26000

PLAIN & SIMPLE - If you dont know the outcome of the trade you are taking then u are gambling !!!