Nifty 50 Endeksi

Nifty is it forming H&S or continue its cycle -Feb Expiry

Nifty looking to form H&S, at 16800, and strong support at 16500 level.
Following Hedge idea can be explored.
Short Strangle
Selling 16500 PE (cmp 166 )and 17100 CE (cmp 144) of Feb expiry.

Feragatname