Nifty likely to retest September peak of 18,000 in coming week: Anand James

“Since we are in a declining IV environment, and with key event risks scheduled beyond the weekly expiry, short strangles are preferred. Short Straddle at 18000 for the 10Nov expiry which is fetching a little over 400 points as of Friday’s close, is also preferred with a 3 to 4-day holding period.”