I bought NIFTY18MAR10000CE at 244.30 when Nifty Sport price hit the green line @ 10208.4.
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Holding NIFTY18MAR10000CE with a loss of Rs.2,887.50 @ market close for the day.
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Still holding NIFTY18MAR10000CE with a loss of Rs.4,477.50. Reversal to Short only if Nifty spot hits 10069.5.
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Holding NIFTY18MAR10000CE with a loss of Rs.7,447.50 @ market close for the day.
Trade closed manually
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Exited NIFTY18MAR10000CE @ market open today as the Nifty spot price was below today's short level of 10024.95. Net loss in this trade is Rs.12600. But even today I will like to call your attention to the merit of the strategy. Today Nifty opened around 146 points down against our long position. If we were trading with futures then we would have lost around Rs.17500 in this trade. But our loss is much lesser because we were trading with options.
Backtest result shown is with futures. With our option strategy we will make much more than what the results below show.