Strategy description

Strategy Name: Shakti - Bank Nifty Option Buying Strategy

Capital Required: ₹25,000 per 1x
Instruments: Bank Nifty Options
Strategy Type: Directional, Momentum-Based
Trades per Day: 1 Trade
Stop Loss: 4%

Overview:
Shakti is a carefully designed option-buying strategy for trading the Bank Nifty index. It executes a single directional leg of Bank Nifty options, leveraging intraday momentum opportunities. The strategy initiates trades between 9:30 and 9:35 AM and incorporates a 4% stop loss to manage risks, especially during periods of high market volatility.

Subscriber Responsibilities:

• Maintain a capital buffer of 5–10% above the recommended capital to account for broker margin requirements and potential fluctuations during high-VIX days.
• Ensure capital allocation and token generation are completed between 8:30 AM and 9:00 AM to minimize execution issues.
• Monitor notifications sent via WhatsApp or Tradetron in case of deployment errors and resolve them promptly to avoid unexpected outcomes.
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Subscriber Algo Awareness:

• The strategy logic is consistent across users, but outcomes may vary slightly due to differences in entry strike and price. These variations tend to even out over time, aligning overall P&L across users.
• Users experiencing reduced returns are encouraged to explore low-cost or zero-brokerage brokers to optimize costs.
• Thorough research is advised when choosing a broker, ensuring reliable API connectivity and minimal execution errors. Trade Mitra offers guidance based on its experience to assist users in selecting a suitable broker.
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Disclaimer:
Trade Mitra is not a SEBI-registered investment advisor. We do not guarantee any specific ROI or financial performance. Option trading involves inherent risks, and this strategy is recommended only for individuals with a thorough understanding of option trading mechanics. Users should consult their financial advisors before deploying the strategy. If you are unfamiliar with option trading or its risks, refrain from using this strategy.