uTrade Algos

Chakravyuh Ka Tod Nifty

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