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RBL Bank: Bullish to Sideways
Reading now: 319
RBL Bank’s daily trend is bullish to sideways. RSI for monthly is showing sideways momentum.
However, RSI for weekly and daily is showing bullish momentum. Based on maximum open interest, its maximum open interest at the PUT side is at strike 190; on the CALL side, it is at 200.
We are assuming it will spend most of the time between 190 and 210. We are recommending a short iron condor strategy for taking a short-term non-directional strategy.
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