Strategy description

It will be an intraday strategy for Nifty (To be traded on 1 DTE & 0 DTE Only)

Short current week 0.25 Delta or Rs 30 (whichever is higher) CE & PE, Qty 1 lot each. Select strike which is nearest to 30Rs if the premium of strike nearest to 0.25 Delta is less than 30 Rs.

Long Far Week nearest to Rs 50 premiums CE & PE, qty 1 lot each. (buy hedges first and then execute short legs)

Place SL of 40% on each short leg, no SL on long legs (SL order will not be placed in broker account, condition will be checked and exit order will be fired once the sl condition is satisfied)

If any one leg SL hit on short side, store the MTM at the same time.

if overall MTM >= 0, exit full position, will re-enter after 10 min (re-entry is only applicable for this case in strategy)

if overall MTM < 0, trail another shot leg SL to Break even and keep 10 points premiums profit target at portfolio level(max profit as 250 rs)

if second short leg SL hit, exit all positions, no trade for the rest of the day.

Exit all if Rs 15 premium profit (max profit as 375 rs) target on overall portfolio level.

Exit all if Rs 12 premiums SL (max loss as 300 rs on overall portfolio level, exit if this stoploss is hit.

Exit all if the time is 3.20 PM.