KD // BANK NIFTY is an INTRADAY TRADING RANGEBOUND STRATEGY that trades 1 pair of CE & PE in BankNifty.
This algo has a daily stop-loss of approx. 2K and the daily target is open or auto square off after 1500 hrs.
The algo can have a maximum of 2 lots BankNifty short options trades open at the given time on 1x multiplier. That is a 160K margin requirement. We also suggest keeping a 20K additional drawdown buffer. So in the long run to stay with this algo safer side total capital required in this case is 180K for a 1x multiplier.
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