Strategy description

Strategy Name: Index Evergreen - Overnight and Intraday Option Selling Strategy

Overview:
This strategy combines overnight and intraday option selling:

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• Overnight Component: Sells one lot of Bank Nifty straddle/strangle with proper hedging at 3:20 PM, carrying the position overnight.
• Intraday Component: Depending on the market direction, it sells one lot of Nifty during intraday when a signal is generated. The strategy exits all positions at 3:10 PM each day.
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This strategy is designed to adapt to almost all market conditions. It aims for consistent income with low risk and low returns, making it ideal for those seeking steady results over time.

Key Details:

• Capital Requirement: ₹85,000 per 1x multiplier (including buffer).
• Profit Target per Day: Open (no cap).
• Maximum Risk per Day: ₹1,700 per lot.
• Fees: Free.
• Code for Strategy: INDEX EVERGREEN - LIVE AUTO
  Code ID: a411b78c-079c-4076-a594-7b4d54fbcbe5
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User Responsibility:

• Ensure proper entry and exit of the strategy using the broker’s login account.
• Enable the ‘on error execution’ option to ensure the strategy exits safely in case of errors, even if you are not monitoring.
• Avoid manual intervention while the strategy is live.
• Dedicate at least three months to the strategy to allow for a fair assessment of its performance.
• Contact the support team for assistance if errors occur during market hours.
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Contact Information:

• Email: [email protected]
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Disclaimer:
I am not a SEBI-registered investment or financial advisor. Do not deploy strategies solely based on past performance. It is recommended to start with paper trading or deploy the strategy with smaller capital to familiarize yourself with its mechanics.

Option selling involves significant market risks, and users should consult a financial advisor before using this strategy.