Strategy description

Strategy Description: HDFC Bank and ICICI Bank Option Trading

This strategy is an intraday options trading strategy designed for HDFC Bank and ICICI Bank options. The strategy takes a position in either one ATM CE or PE option, depending on the market trend. It initiates trades after 9:20 AM and exits all positions just after 3:25 PM, ensuring no overnight risk.

Capital Requirement

1. 1x Multiplier Capital: ₹60,000 (HDFC Bank and ICICI Bank options)
2. Brokerage Considerations: Please check your broker's requirements for the capital needed to deploy this strategy.

Trade Details

1. Trading Instrument: HDFC Bank and ICICI Bank options (1 lot each per trade)
2. Entry Time: Trades are initiated after 9:20 AM IST
3. Exit Time: All positions are exited before 3:25 PM IST
4. Trade Type: Intraday, based on the trend of the index

Important Notes

1. Avoid Event Days: Do not trade on high-risk event days such as Election Result Days, Budget Day, or RBI Policy Day.
2. Test Before Live Deployment: Paper trade for at least 2 months and ensure that all trades' time and prices match your broker's chart before going live.
3. Win Ratio: First paper trade to evaluate and then decide on going live.

Disclaimer

1. I am not a SEBI registered analyst and do not take responsibility for any financial losses. Trading in the share and derivative markets involves inherent risks. Please read and understand all related information before making any trades. It is advisable to consult your financial advisor and make an informed decision before investing or trading in this strategy.
2. Algo trading has limitations, and you should be familiar with how to manage errors in Tradetron. Do not proceed with live trading without understanding how to handle errors effectively. Paper trade for at least 2 months before transitioning to live deployment.

Past performance or paper trading results do not guarantee future profits or losses.

Exchanges

NFO

Capital Requirement

₹60,000

Monthly Fee

Currently free, but 10% variable fee on profits

Contact Information

1. WhatsApp: 07978009091
2. Email: [email protected]