Is there any broker in India who allows to trade options using its underlying?

You want to trade Nifty options looking at the underlying which is the Nifty. But how will you determine which strike, what price, or which type?

I guess what you are asking for is, if you can design a trading strategy on Nifty, but whenever a buy/sell indicator comes, you get an alert to buy Nifty Calls/Puts.

If the latter is what you are asking for, it is possible on Amibroker and other charting/analysis tools. On Zerodha Pi, you can’t trigger alerts on options based on price of underlying. You could use the bridge to connect amibroker to Pi.

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