Banknifty Weekly Strategy

[suryameet25]

So how much will be the total investment

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In Zerodha investment required is around 70K-80K

 

[yoursonlyvinu]

In Zerodha investment required is around 70K-80K

Did u start live trade

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[moolan]

bro, post the outcome picture.

the weekly strategy,

thanks.

do we need to take the strikes based on future price or index price.
can u do in steps.

it will be helpful.
i like to see the strategy like u posted before.

 

[true_promote]

Again entered with same strategy:

Long BankNifty Future @ 20530
Short 9th FEB 20400 CE @ 195
Bought March 20300 PE @ 269

Let's see what happen this week..
Also I am not going to hold it till expiry.
:thumb::thumb::thumb:

So your strategy involves selling current week ITM calls, and not ATM calls as mentioned earlier, right???

This seems like a directional strategy with bearish view. You will probably loose with bullish movement.

 

[suryameet25]

Again entered with same strategy:

Long BankNifty Future @ 20530
Short 9th FEB 20400 CE @ 195
Bought March 20300 PE @ 269

Let's see what happen this week..
Also I am not going to hold it till expiry.
:thumb::thumb::thumb:

Closed entire position:
Future Sold @ 20740 = +210
Buy back 20400 CE @ 281 = -86
20300 PE sold @ 205 = -64

Total P/L = +210 - 86 - 64 = +60 points
:clap::clap::clap:

 

[Purushotham]

Closed entire position:
Future Sold @ 20740 = +210
Buy back 20400 CE @ 281 = -86
20300 PE sold @ 205 = -64

Total P/L = +210 - 86 - 64 = +60 points
:clap::clap::clap:

:clap::clap::clap:
Good going

As I use Zerodha is the margin clac is correct.

 

[suryameet25]

:clap::clap::clap:
Good going

As I use Zerodha is the margin clac is correct.

Yes, That is correct. But apply this trick to place this trade in less margin:

Never place Normal Orders..
First Place MIS order for all three orders.

1. Convert PE Buy From MIS->Normal
2. Convert Future Buy MIS->Normal
3. Now Convert CE Sold from MIS-> Normal

If you still have less margin then before step no 3. Do this:
Add 40 Qty to PE Buy
Now Convert CE Sold to Normal
Exit 40 Qty from PE

Little trick I applied many times..

 

[suryameet25]

Closed entire position:
Future Sold @ 20740 = +210
Buy back 20400 CE @ 281 = -86
20300 PE sold @ 205 = -64

Total P/L = +210 - 86 - 64 = +60 points
:clap::clap::clap:

Got a return of more than 3% this week.. :clapping:

 

[Purushotham]

Yes, That is correct. But apply this trick to place this trade in less margin:

Never place Normal Orders..
First Place MIS order for all three orders.

1. Convert PE Buy From MIS->Normal
2. Convert Future Buy MIS->Normal
3. Now Convert CE Sold from MIS-> Normal

If you still have less margin then before step no 3. Do this:
Add 40 Qty to PE Buy
Now Convert CE Sold to Normal
Exit 40 Qty from PE

Little trick I applied many times..

with this trick how much margin required.

 

[suryameet25]

with this trick how much margin required.

Margin will be same around 75K but if you place direct normal orders then you will need more than 1.1L - 1.3L in your account. From which only 75K will be used as margin and other will be left free to trade.

Using this trick we can place trade only with 80K in our account.