Budget day is considered as a best day for big profits where VIX is also high and volatility on peak in last 5 Years of Budget days we have seen till 2021 market gave one side movement on budget day but their is unexpected thingh happens in 2022 budget day market have given 1000 points in upside then 800 points move in downside and closed in doji candle which is considered as a confusing candle.
Market is SUPREME and we can see anything on Budget day i prefer doing long straddles on budget day let me explain why
When VIX is high always i prefer to move in Long straddles even in INTRADAY not only on Budget but also in INTRADAY if vix is high i prefer long straddle because movement in one side will be high and vix will cool down later which will give me good profit in one side because in high VIX environment calculating direction becomes difficult.
Best strategy is to go with long straddle
