*** Positional option selling strategy in Bank nifty ***
1. Entry 3.20 PM
2. Exit Next day 9.30 AM
Over night risk is defined and reward is too Good.
Capital Below 1L . Return 0.5 to 1% return in over night .
if your view went wrong also you can make good money by doing this.

Now Bank nifty closing spot price is 39300.
Your view is side ways to mild bullish for next day. So you can enter put butterfly at 3.20 PM
Buy - 39500 pe ITM
sell - 39100 pe just OTM
buy - 38800 pe OTM
R:R is 3 times

Case 1: As per your view market opened bullish you will be in profit.
Case 2: As per your view market opened side ways you will be in profit
Case 3: Market opened against your view till 1% gap down you will be in profit and loss also defined .

If market opened against to your direction by move 38800 pe to 38900 pe you can minimize loss on down side .

Your view is side ways to mild bearish for next day. So you can enter call butterfly at 3.20 PM
Buy - 39100 ce ITM
sell - 39300 ce ATM
buy - 39500 ce OTM
R:R is 4 times