1 August
Open 17100 Tripple #straddle ironfly from Weeknd. Flat opening would give good #decay benefit. Let's see

Gapup against our view

Condition was for nifty to sustain above 17200, so didn't adjust

17250 is resistance

Bank is weak. Can see profit booking & which can drag nifty. Nifty @17230.
Don't go long now

15mins green candle above is important. No adjustment untill then

1st adjustment. Shifted 17050 to 17200 straddle...
Currently in positive delta

Retail player bought more Put than call expecting a correction. So view looks on upside now. My hedge covers me on upside

All index heavy weights are holding up since morning. Global seems mute

When it sustained above 15251 i adjusted & also view changed to little bullish.

Aaj thoda bhi decay milgaya toh khush samjho. Hope atleast the view helped deciding the trade

Have tripple straddles at 17150-200-250...
Upside is hedged

Put buying is still high... This short covering may take us towards 17500 levels. Stay on bullish side