Chakravyuh Ka Tod Bank Nifty

This strategy trades in Bank Nifty monthly 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 change in ‘Open Interest’.

Note: - Trading in this strategy should be avoided on an event day.

Factor : OI (Open Interest) Based Strategy BankNifty

Non-Expiry Margin: Rs. 2,90,000 for 1x multiplier

Expiry Margin: Rs. 3,10,000 for 1x multiplier

Start Time: 10:00 AM

End Time: 03:04 PM

Execution Days: All Days

Preferable Days: Last week of monthly expiry

Favorable Conditions:

Fall in Volatility
Range Bound movements
Best suited for the days towards the last week of the monthly expiry
Recommended VIX: 12 to 30

Risk Factors:

High Volatility in market with increasing premiums
No decay in premiums

Default Parameters:

Symbol: BANKNIFTY
Net Loss: 2400
Net Profit: 2400
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: 50 OTM, ITM ATM: 5
Strike Diff: 100
Time Interval (sec): 60

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