Chakravyuh Ka Tod Sensex

This strategy trades in Sensex weekly options, specially tailored for Tuesday. 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 Sensex

Non-Expiry Margin: Rs. 2,30,000 for 1x multiplier‍

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

Start Time: 11:00 AM

End Time: 02:44 PM

Execution Days: DTE<=1

Preferable Days: NA

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: SENSEX
Net Loss: 2000
Net Profit: 2000
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 1
Premium Price: NA
Premium Range: NA
Strike Depth: 50 OTM , ITM ATM: 5
Strike Diff: NA
Stop Loss for each leg(%): NA
Time Interval (sec): 60

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