I am using contra strategy, trying to beat market and mutual fund returns.
Will use option repair strategy when needed, if market goes down too much, otherwise just hold for long term. Trying to buy 1 bnf lot at every 200 to 300 points down.
If bnf goes down more than 1000 points , will stop adding and will use option repair strategy either by selling calls or buying put. Normally I will buy 1 lot in the money call and sell 2 lot atm or slightly higher strike price than atm. Sometimes I will use backspread pe ratio also