Unlike other strategies available, NIFTY Option Short Nifty Surya is a Intraday bot. This is based on Iron Condor Strategy.
Option Surya Nifty, has strict SL and Target to ensure we don’t loose profit for any unusual movement in the market. In this Iron Condor strategy bot, there will be two Far OTM (Out of the money) Option Buy and two ATM (AT the money) option Short.
Risk and Reward:
To begin with, the margin goes down significantly from 1.5L to 80K or even less due to the Far OTM Option Call and PUT . However these Far OTM shall decrease the profitability by 10-20%.
Unlike Banknifty, Nifty is generally Less volatile. As a result, this bot has a potential to hit less Stoploss. In summary it works well in Range bound market and as well as in Trending market. However during volatile market conditions this bot may not work as desired.
To know more about Nifty Surya Bot you can visit our Marketplace.
Risk: Rs 900 to 1,000 if it hits the Stop Loss
Reward: Up to Rs. 1200 to 2,000 if it hits Target
Currently, the above Risk and Reward helps the Bot to maintain more than 66% winning probability with 1:1.2 risk Vs reward.
Although, we prefer not to commit on any profit ratios per month, but as per the last few month’s real trade history NIFTY SURYA can generate 5% return on investment, monthly.