I have around 10 lakhs and i am planning to invest in options. Can some body suggest me some best strategy so that i can make 5% per month profit?
Be careful, if you will (are) be on the wrong side of the trend, you can loose more than that in option trading.
No option strategy is foolproof, if you try to cap loss by hedging then it will also cap your profit. If you want to trade naked options, then trade (buy) only
ITM options, either put or call as per trend, and trade as per futures. Do not try writing options, as it is limited profit and unlimited loss, and any wrong trade or sudden change of trend can give you heavy losses.