can we also plot atm straddle it was help full or not sir

mind blowing sir

The market opened with a gap down near the 25300 level. In the first 30 minutes, it attempted to move upside, taking support at the L4 level, but was unable to sustain the move. To gauge market direction, we plotted a straddle at 25500 and 25100. We observed that 25100 triggered a downside move, while 25500 triggered an upside move, indicating possible directional movement. Additionally, a turtle breakout occurred at 25100 near 308, presenting a potential entry opportunity. However, due to personal reasons, I was unable to take the entry

In the spot chart, we observed that the market opened near the H3 level and the PRB mid-level. This suggests that the market took support from that zone, although it formed a big red candle initially.
Based on the opening price action, we plotted the 25700 and 25300 straddles in our setup. We also considered the 25500 straddle due to the highest Open Interest (OI) at that strike.
At the time of market opening:
• The 25300 straddle was trading below VWAP, previous day’s low (PDL), and also below the D-Smart level.
• On the other hand, the 25700 level was trading above the D-Smart level and above VWAP.
In the futures chart, the price was trading below the 21 EMA channel and showing a downward trend.
After a long time, the 25500 level turned bullish, which indicates that at least one leg of the straddle started making Higher Highs (HHs).
This raises the question: How can we predict that the 25300 straddle is becoming weak and moving down?

ME ALOS BOOK SIR

Today again market between h3 and l3 but and also highest OI 25500 but today is different day because in above chart we seen big Anc form in 25500 but no FT due to we wait for setup formation. also we plot 25300 and 25700 straddle in chart we seen that 25300 trap after ft with big anc column at the same time 25700 start trading below level but due to time my entry was let so i book my profit near h3 and cam level.

@SANTANU BEZ s noted sir

straddle day due to price bitween H3 and L3 mid zone as well as 25500 are highest resistance due to strong highest straddle player are in this zone . i am watchin 25500 straddle and took a trade. becaus h3 l3 and both price below straddle. so sale 25500 also. i have done one mistake i took insted of 25500 25400 becuse price are bitween this are and it was smooth down fall.

very deep information sir thank you