Also known as Chakravyuh Ka Tod Nifty in uTrade Originals , this strategy trades in 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. 80,000 for 1x multiplier

Start Time: 10:00 a.m.

End Time: 2:40 p.m.

Execution Days: All days

Preferable Days: All Days

Favourable Conditions:

Fall in Volatility
Range Bound movements
Recommended VIX : 12 to 30

Risk Factors:

Rise in Volatility
High Volatility in market with increasing premiums
No decay in premiums

Default Parameters:

Logs: 0,1
Net Loss: 600
Net Profit: 600
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 20
Premium Price: NA
Premium Range: NA
Strike Depth: 5 ITM ATM 50 OTM
Strike Diff: 50
Stop Loss for each leg(%): NA
Symbol: NIFTY
Time Interval (sec): 60