My strategy is intraday strategy.
Open the current month Nifty futures chart and set candles on a 5 min time frame.
I will watch the current month Nifty futures chart but I will trade in ITM Nifty options.
Mark high and low of the 2:50 PM (5 min) candle.
I enter into trade at 3:00 PM candle and exit maximum 03:15 PM daily.
Entry Criteria :
I will mark the high and low of 5 min (02:50 to 2.55 PM) candle.
If High Breaks of 5 min (02:55 to 3:00 PM) candle then, I took ITM (In the money) Nifty CALL option.
Exit Criteria :
Put a stop loss of 15 points and target is of 20 points.
If Stop loss or Target does not hit till 3:15 PM, I will be exited immediately from current trade.