Strategy description

BankNifty Delta Hedging Strategy Overview

The BankNifty Delta Hedging is an intraday strategy that trades in the BankNifty Index. It starts with a BankNifty Straddle and adjusts with an additional short leg when the premium gets unbalanced. If the trend continues, the strategy may go naked as well. It always carries 1 pair of OTM hedge as support.

Key Features:

1. Start Time: 9:21
2. Exit Time: 3:23
3. Capital Requirement: ₹350,000/X
4. Target: ₹6,000/X
5. Stop Loss: ₹4,500/X
6. Trailing Stop Loss (TSL): Not applicable
7. Drawdown: Expected 5%
8. Average Trades: ~250 trades per month
9. Shared Code: b9b8636a-9b5d-4525-a85f-80266aede4dd

User Responsibilities

1. Capital Buffer: Users are encouraged to maintain an additional 5-10% of capital beyond the recommended amount, as capital requirements may increase, especially during high-volatility days. Generating a token between 8:30 AM and 9:00 AM usually ensures smooth execution.
2. Error Notifications: If a live deployment encounters an issue, users will receive notifications via WhatsApp or Tradetron. Please check the notification log to address any issues promptly. If you cannot resolve the issue, please contact us through our Telegram group or personal Telegram ID.

Algo Awareness for Users

Although the strategy logic remains consistent, outcomes may vary based on each user's entry strike and entry price. For example, one user entering at 300 and another at 305 may experience different adjustments and day-end results. Over time, these differences generally even out across users.

To manage costs effectively, users are encouraged to consider low-cost or zero-brokerage brokers. We also recommend selecting a reliable broker with stable API performance to minimize execution issues. Feel free to contact us for guidance on optimizing costs and selecting a broker.

Disclaimer

Market Star is not a SEBI-registered advisor. While this strategy is carefully designed based on observed market conditions, we do not guarantee specific ROI or results. Before deploying the strategy, please consult with a qualified investment advisor. Options trading involves substantial risk, and this strategy is best suited for individuals with