Strategy description

This strategy works on relative strength of Nifty and BankNifty and enters CE and PE sell of NIfty and Bn, tries to capitalize the relative strength of two indices in addition to theta decay

Underlying - NIFTY + BANKNIFTY

Margin Requirement - 
Normal Margin required - Rs. 300K

Margin with buy Hedge - Rs.  180K (with deep OTM buy hedges)

Max Risk Per Trade - Rs. 3000.

Number of trader per day -1 to 2

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Disclaimer - I am not the SEBI registered Financial Advisor and traders must understand the risk involved in Futures & Options Trading and shall do proper due diligence before committing any money on trading after due consultation with whom you feel is better placed to advise you.