Chakravyuh Ka Tod Bank Nifty
Also Known as Chakravyuh Ka Tod Bank Nifty in uTrade Originals, this strategy trades in Bank Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy is fully based on ‘Open Interest’. It keeps changing positions based on changes in ‘Open Interest’.
Note: – Trading in this strategy should be avoided on an event day
Factor : OI (Open Interest) Based Strategy Nifty
Margin required: Rs. 130,000 for 1x multiplier
Start Time: 10:00 AM
End Time: 3:05 PM
Execution Days: All Days
Preferable Days: All Days
Favorable Conditions:
- Fall in Volatility
- Range Bound movements
Recommended VIX : 12 to 30
Risk Factors:
- High Volatility in market with increasing premiums
- No decay in premiums
Default Parameters:
- Logs: 0,1
- Net Loss: 1200
- Net Profit: 1200
- Option Type: Sell Call, Sell Put
- Order Fill Price: 7
- Order Lot: 1
- Order Lot slice: 20
- Premium Price: NA
- Premium Range: NA
- Stop Loss for each leg: NA
- Strike Depth: 5 ITM, ATM 25 OTM
- Strike Diff: NA
- Symbol: BANK NIFTY
- Time Interval (sec): 60