you can play with 5k :
- First 2/3 weeks of new series: out of money options
- Last week: At the money options
Again since capital invested is low, so gains would be propotional. Dont expect to make 30k with 5K capital.
Secondly, options brokerage typically are on higher side around 100Rs for each leg. So essentially for each trade : buy + sell you are eroding 4% of capital in brokerage