Your idea: This strategy has worked for me in Index options in Indian markets…

💡 Described strategy

Analysed 22 Oct 2026, 06:04 PM IST

⏳ Backtest pending — a data-backed verdict will be attached.

Detected components (auto-read from transcript)

VWAPRSIVolume

Verdict

Not auto-backtested — honestly, we can't. AI-decoded: Intraday option buying on NIFTY/BANKNIFTY index options (CE/PE) triggered by VWAP breakout + RSI(60) + OI/Volume above 20-DMA, 5-min chart, trailing stop-loss.

We give real option backtests only for fixed-entry option-selling structures (weekly credit/ratio spreads) priced on real cached NIFTY premiums. This one is directional option BUYING (needs intraday/tick option data), which needs intraday/tick option data and a chart-signal engine we don't have — so we show no number rather than a misleading proxy. Flagged for a hand-built review.

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Full transcript (128 words)

This strategy has worked for me in Index options in Indian markets. Works on CE/PE chart in the 5m timeframe. Indicators required: VWAP RSI(60,40) with 20 DMA Open Interest with 20 DMA Volume chart with 20DMA Note the opening price of the index and watch both CE and PE charts of ATM strike price. You can either trade ATM or nearest OTM strike price. How to use indicators? Your trade must be triggered if all of the following conditions are met Price should break VWAP RSI should be above 60 and over 20MA Open Interest should cross 20MA from above Volume bar should be above 20MA Put the Stop Loss at the low of the VWAP breakout candle. Trail SL with 10 points at each 20 points increment.

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Results are AI-generated from stored historical market data and are for educational purposes only — they cannot be treated as 100% accurate, nor as investment advice or a recommendation to buy or sell any security. Strategies from non-Indian markets are also backtested on Indian market data only. Past performance does not guarantee future results.