Was tinkering around with Zerodha’s brokerage calculator. Realised that in many F&O contracts, you just need to be in 0.10 rs in profit to start making money. You can make good money if, you trade more than 1 lot, multiple times throughout the day.
Say, TATASTEEL - 3 Lots i.e 6000 qty. 6000*0.25 is Rs. 1500. You could repeat this several times throughout the day and since, we are not going for huge target, technical analysis would be like going for the overkill.
Is there any strategy or methodology, that one can use to make such short multiple trades?
You can trade weekly bank nifty options during the expiry days to take less risk and high probability trades. Start by writing far of Out of the Money call or puts.. As time value decay will work in your favor when writing options during or on the day of expiry. This is one of the strategy followed by big players thatswhy you will see a big interest in these out of the money options with huge increase in open interest and volumes than the other ones.
Earlier monthly options were only there but with weeklies now you can do writing of options and take benefit of time value decay 4 times in a month.
There is a method called scalping which has a lot of stratergies of its own,but its not for amateurs or beginners, in https://opentrade.in so many stars use those techniques but as i said its only for professionals who can endure complete capitla loss too.so better not to get into these quick profits.