Nifty strangle - Looking good ?

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Please provide your feedback on this trade idea, how does it look ?
After a good rally on Friday, it may be possible that Index may take a halt and go into some consolidation for next few session. This may provide a good opportunity to deploy some a strangle and one can also add hedges on both side to make it Iron condor.

This post is just for learning purpose and is not a trade recommendation. One must understand the risk management, adjustment , hedges and SL before taking such risky trades.
Uwaga
Expiry was with in the range only
Beyond Technical AnalysisironcondorsNIFTYstrangle

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