Nifty PE option

The strategy takes a long position when the stock trades and crosses above the 1st Candle High.

Entry Conditions

Close(0) crosses above Nth candle(High,5min,1)

BUY 2 shares when Close(0) crosses above Nth candle(High,5min,1) at 5 minutes candle interval using Candlestick chart chart. Enter trade between 09:00 to 15:25

Exit Conditions

Close(0) crosses below Nth candle(Low,5min,1)

SELL 2 shares when Close(0) crosses below Nth candle(Low,5min,1) or at stop loss of 10% or target profit of 50% at 5 minutes candle interval using Candlestick chart chart.

Stop Loss

10

Target Profit

50

Stocks

• NFO-OPT

  NIFTY2420821800PE