My smart algo

A straddle trade occurs when an investor bets that a stock will rise or fall sharply but isn't sure of the direction.

A straddle trade consists of the simultaneous purchase of both a put option (betting that the stock price will go down) and a call option (betting the price will go up). Importantly, both the put and the call options must be purchased at the same price and have the same expiration date in order to be effective.

Bank Weekly Short Straddle Intraday is a strategy that will help to earn in the volatile market. Below is some description about strategy.

Instrument: Bank Nifty Options

Entry Time : After 9.20 AM

Exit Time : After 3.00 PM

Max Entry : 3 per day

Stop loss: 800 per trade

Target: 1200 Per trade

Max Loss per day 2500.

Once the stop loss and profit triggered take another trade after 15 to 30 minute that will give some time to settle the market. 

As per the historical back testing we can earn 6 to 10% ROI per month and also automate the strategy as per the time and demand.

Happy Trading!