Best Option Selling Strategy for Intraday in Nifty and BankNifty
Unlock your trading potential with the best 3 intraday option selling strategies for Nifty & BankNifty. Backed by proven results, boost your profits with TradePik.
Are you tired of sifting through numerous strategies, unsure which one will truly lead you to success in the fast-paced world of intraday option selling? Look no further! At TradePik, we have done the hard work for you by rigorously backtesting and analyzing historical data to identify the best 3 intraday option selling strategies for both Nifty and BankNifty.
Why Backtesting Matters:
In the world of trading, having a strategy backed by solid historical data is vital for your success. Our team at TradePik understands this, and we have utilized powerful backtesting tools, such as algotest.in, to test various strategies with different parameters. After hours of analysis, we have curated two carefully crafted baskets of option strategies, one for Nifty and the other for BankNifty. Let's delve into the details of each basket.
Intraday Option Selling Strategies in Nifty:
Nifty exhibits a distinct behavior compared to BankNifty, necessitating strategies tailored to its unique dynamics. We conducted meticulous backtests on both indices, optimizing them based on the results. Here are the results of the Nifty basket:
Intraday Option Selling Strategies - Nifty
Our Nifty basket consists of two strategies—one initiated at 9:30 AM and the other at 11:35 PM. The backtesting period spans from February 15th, 2019 to July 31, 2023, using weekly expiries. Both strategies adhere to predefined entry, exit, and stop-loss rules, holding positions until 03:15 PM. In the event of one stop loss being triggered, the corresponding leg is closed, while the other remains open until 3:15 PM.
Performance Summary:
- Overall Profit: Nearly 26 Lakhs in 4.5 years.
- Capital Required: Approximately 5 Lakhs (for 3 lots).
- Return on Investment: Almost 500% in 4.5 years.
- Accuracy: 64.7%.
Key Analytics:
- Max Drawdown: Around ₹68,000
- Max Loss in a Single Day (both stop losses hit): ₹8,720
- Average Profit on winning trade: ₹7020
- The average loss on losing trade: ₹6098
- Return/MDD: 8.54
- Expectancy Ratio: 0.40 (indicating a strategy's ability to recover from drawdowns)
Monthly Profit/Loss Statement:
Graphs of Intraday Option Selling Strategies in Nifty
Interested in Learning These Strategies?
Enrol in our "Option Strategies: A Mentorship Program" and gain comprehensive support to master both Nifty strategies with predefined entry, exit, and stop-loss rules. Click below for more details:
Click here to enrol in a short course to learn the best Intraday Option Selling Strategies
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Should you have any queries regarding our best Intraday Option Selling Strategies in Nifty, feel free to chat with us or leave a comment below.
Intraday Option Selling Strategies in BankNifty:
BankNifty operates with different volatility and behavior, warranting strategies tailored to its specific characteristics. Based on the backtest results, we have curated 3 sets of rules for different trading days:
- Monday, Tuesday, and Wednesday,
- Expiry day (Thursday),
- Friday.
Intraday Option Selling Strategies in BankNifty
Performance Summary:
- Total Profit over 4 years (January 2019 to July 2023): Close to ₹25 lakhs.
- Capital Required: Approximately ₹5 lakhs (for 3 lots).
- Return on Investment: Nearly 500% in 4 years.
- Accuracy: 67.73%.
Key Analytics:
- Max Drawdown: Around ₹64,000
- Max Loss in a Single Day (both stop losses hit): Varies based on the day.
- Average Profit on winning trade: ₹5193
- The average loss on losing trade: ₹3910
- Expectancy Ratio: 0.58 (indicating a strategy's ability to recover from drawdowns)
- Return/MDD: 8.76
Monthly Profit/Loss Statement:
Graphs of Intraday Option Selling Strategies in BankNifty
Ready to Master BankNifty Strategies?
Enrol in our "Option Strategies: A Mentorship Program" and gain comprehensive support to master these BankNifty strategies with predefined entry, exit, and stop-loss rules. Click below for more details:
Click here to enrol in a short course to learn the best Intraday Option Selling Strategies
Alternatively, if you prefer ready-made alerts without the learning curve, subscribe to our premium telegram channel for timely notifications.
Click here to Join the premium telegram channel for ready-made alerts
Should you have any queries about our best Intraday Option Selling Strategies in BankNifty, feel free to WhatsApp chat with us or leave a comment below.
Disclaimer: We are not SEBI-registered investment advisors. Trading in the financial markets involves risk, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before making any investment decisions.