Chakravyuh Ka Tod Nifty

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 change in ‘Open Interest’.
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‍Note: – Trading in this strategy should be avoided on an event day.

Factor: OI (Open Interest) Based Strategy Nifty

Margin Required: Rs. 1,15,000 for 1X

Start Time: 10:00 a.m.

End Time: 2:39 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:

High Volatility in market with increasing premiums
No decay in premiums

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Default Parameters:

Symbol: NIFTY
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: 50 OTM, ITM: 5
Strike Diff: 50
Stop Loss for each leg(%): NA
Time Interval (sec): 60

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