Option buying · NIFTY weekly · tested 2019-02 to 2026-10
Opening candle vs VWAP direction
As taught with ATM weekly options, the rule lost about ₹80,000 per lot from 2019 to Oct 2026 after costs.
- Net P&L (1 lot)
- −₹80,000
- Trades
- —
- Win rate
- —
- Max drawdown
- —
What the video claims
About +4,900 NIFTY points over 6+ years in futures, before costs.
Our paraphrase. See the video for the full explanation.
How our test compares
In futures points we got +4,249 vs their +4,918 with nearly identical trade count (1,631 vs 1,628) and win rate (30.5% vs 30.6%); almost all of the edge came from 2020–22.
Rules we tested
On NIFTY futures 5-min candles, if the 9:25 candle closes above VWAP go long (buy ATM call), below go short (buy ATM put); exit when a 5-min candle closes back across VWAP or at 15:15. One trade a day. The video tested futures points without costs; we traded it with ATM weekly options.
Note: Gross option profit (~₹92k) is consumed by costs; every year from 2023 is negative.
Method
1-min data, 5-min candles, fills at the next minute's open, real broker charges incl. STT and taxes.
- 1-minute historical NSE/BSE option and futures data; each video's rules coded exactly as taught, with stated assumptions where the video left a gap.
- Signals on a candle's close are filled at the next minute's open (unless the rules say otherwise); stops and targets are checked against each minute's high and low.
- Real broker charges, STT, exchange fees, stamp duty and GST deducted on every order; lot size as it was on each trade date.
- Results are per lot unless stated. No leverage, compounding or position sizing beyond the video's own rules.