Banknifty SureShot Intraday Strategy without any analysis

[pannet1]

I always put 10 points stoploss while placing a future order. AS you can check line was crossed wrong 3 times. And I also added -30 points to my profit/loss.

Don't know how my line becomes a resistance Yesterday. And price move over that line. Normally this happen to actual support & resistance.

But no worry, Next day will be more profitable..
:thumb::thumb::thumb:

why not make the line thick i.e. like a range with a wider stop loss and also if SL is hit you could flip the other side. this way less trade and less whipsaws.

 

[true_promote]

You will make big if trade is in any one side of your line.

We are not going to make money from future here. We will take benefit of option selling. Future is for hedge only.

I looked up reverse gamma scalping and it says opposite of what you expected. Since you are selling options, then isn't it that your strategy will make more profit if market trades sideways(advantage of time-decay) and not making big moves?

Plz take a look at this video and suggest your answer.
Thanks

 

[suryameet25]

why not make the line thick i.e. like a range with a wider stop loss and also if SL is hit you could flip the other side. this way less trade and less whipsaws.

Thanks Pannet. I am tradeing this way from last 2 days. Single line has more stop-lossed that's why I placed two lines. One at recent high and another at recent low. Once price break any of them, I play accordingly..

 

[suryameet25]

Selling calls/puts or buying futures requires sufficient funds.
Can you suggest some strategy for options buyers?

At Zerodha My total margin blocked is around 45K

Sell Call + Sell Put + Buy/Sell Future..

 

[suryameet25]

Do u have any method to handle that fluctuations near the line

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Please refer to the above thread, I mentioned pannet.

 

[suryameet25]

Today, I made around 6000+ as market was one side and no stop loss today.
:clap::clap::clap:

As, I mentioned in above thread, now I wider the gap of my line to place new future trade.

Same as last week I made continuous profit this week also. Yesterday and today's profits are superb..
:rofl::rofl:

 

[yoursonlyvinu]

Today, I made around 6000+ as market was one side and no stop loss today.
:clap::clap::clap:

As, I mentioned in above thread, now I wider the gap of my line to place new future trade.

Same as last week I made continuous profit this week also. Yesterday and today's profits are superb..
:rofl::rofl:

Can u post ur trades .. just for understanding

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[suryameet25]

At 10:15 AM

Sold 20000 CE @ 252.40
Sold 20100 PE @ 155.50

Bought Future @ 10:43 AM @ 20162

Exit time: 13:55
20000 CE = 252.40 - 358 = -105.60
20100 PE = 155.50 - 80.50 = +75
Future = 20308 - 20162 = +146

Total = 146+75-106 = +115 points

 

[pannet1]

Today, I made around 6000+ as market was one side and no stop loss today.
:clap::clap::clap:

As, I mentioned in above thread, now I wider the gap of my line to place new future trade.

Same as last week I made continuous profit this week also. Yesterday and today's profits are superb..
:rofl::rofl:

Hi suryameet25,

Very good. My sincere request is to mention the ROI in percentage rather than the Money. Because money does not really quantify the power of strategy. For some money is small and some big. For some it is greed and some fear.

 

[pannet1]

At 10:15 AM

Sold 20000 CE @ 252.40
Sold 20100 PE @ 155.50

Bought Future @ 10:43 AM @ 20162

Exit time: 13:55
20000 CE = 252.40 - 358 = -105.60
20100 PE = 155.50 - 80.50 = +75
Future = 20308 - 20162 = +146

Total = 146+75-106 = +115 points

i think there was some sort of bias when you bought the future. how you decide to buy future .. why not sell. what is the thought process behind it.

EDIT: Please ignore the bias part. You clearly mentioned how you enter. I missed it out. Sorry

some variations

1)
sell 20200 PE
sell 20100 CE
... because it perfectly sandwich the future @ 20162

2)
sell same strikes 20200 PE/CE, 20100 PE/CE, 20000 PE/CE

3)
sell 20200 CE
sell 20100 PE
when buy future gains the CE sold loses and vice versa. so this provides a form of cushion. here future delta is supported by sold PE as well.

you are doing very good. please see if it can be improved even more :clapping::clapping: