Entry: At 0919 on Nifty expiry day only
Note: Nifty expiry happens on Thursday. But if Thursday is trading holiday then expiry will fall on Wednesday. In similar way if both Thursday and Wednesday are trading holidays, it will fall on Tuesday.
Instrument: Sell NIFTY ITM1 CE/PE based on spot
E.g. if Nifty is at 18000 then CE strike will be 17950 CE and PE strike will be 18050 PE
Stop-Loss: 25% on both legs. Adjust to cost
TSL: Trail SL on every leg 10 point by 5 point
Exit: 1455
Capital Needed: Around 1,30,000
Back Testing (Stock Mock)
Updated as of 30-Apr-2023
Actual results
(Started trading from 5-Jan-2023
Stopped trading from 20-Apr-2023)
Historical Data
Mar 2023
Feb 2023
Jan 2023
How does it work on wednesday? If you have results please share. Also can we use this strategy on Finnifty? Thank you so much for guiding us :)
ReplyDeleteWhat is the entry time??
ReplyDeleteFirst line in the blog post has entry time: 0919 AM
DeleteCan you mentor me for options trading?
ReplyDeleteI would love to learn from you.