RSI-Based Option Buying Strategy for Intraday | Index Options Only
Verdict
Not auto-backtested — honestly, we can't. AI-decoded: RSI-based intraday option buying on NIFTY: buy ATM calls when RSI exits oversold zone (>25) on 5-min chart, exit at 3:00 PM or when RSI hits 70.
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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