##### Member
Hello Dears,

I am going to mention a technique for only Intraday Trade for Nifty Future,
This is not my invention
I came to know about it from web,
I have back tested it for few months and found interesting,
Let us experiment and do some fine tune together,

So here it is:

=> Open,High and Low @ 9:30
=> Calculate the deference between Open-high and Open-Low
=> Now find the Intraday Trend:
** If deference between Open-High is greater then Open-Low: UP-TREND
** If deference between Open-High is less then Open-Low: DOWN-TREND
=> If UP-TREND then BUY only and If DOWN-TREND then SELL only
=> Stop Loss for BUY = Open - (High - Open) - 1
and Stop Loss for SELL = Open + (Open - Low) + 1
=> BUY TARGET = Open + ( 75 % of Open)
and SELL TARGET = Open - (75 % of Open)
=> As per TREND buy or sell nearer 20 point from Stop Loss

Here is today's example:

=> @ 9:30
Open: 5860
High : 5875
Low : 5846.10

=> Deference:
** High - Open: 5875 - 5860 = 15
** Open - Low: 5860 - 5846.10 = 13.90

=> Deference from high is greater then from low ( 15 > 13.90)

** Open - (High-Open)-1 = 5860 - 15 - 1 = 5844

=> Buy nearer 20 points from Stop Loss = 5860 to 5865

** Open + (75 % of Open) = 5860 + (43.95) = 5903.95

Target achieved Today :clapping:

Let us do paper trade for coming Days

#### kiran_thiru

##### Well-Known Member
Hello Dears,

I am going to mention a technique for only Intraday Trade for Nifty Future,
This is not my invention
I came to know about it from web,
I have back tested it for few months and found interesting,
Let us experiment and do some fine tune together,

So here it is:

=> Open,High and Low @ 9:30
=> Calculate the deference between Open-high and Open-Low
=> Now find the Intraday Trend:
** If deference between Open-High is greater then Open-Low: UP-TREND
** If deference between Open-High is less then Open-Low: DOWN-TREND
=> If UP-TREND then BUY only and If DOWN-TREND then SELL only
=> Stop Loss for BUY = Open - (High - Open) - 1
and Stop Loss for SELL = Open + (Open - Low) + 1
=> BUY TARGET = Open + ( 75 % of Open)
and SELL TARGET = Open - (75 % of Open)
=> As per TREND buy or sell nearer 20 point from Stop Loss

Here is today's example:

=> @ 9:30
Open: 5860
High : 5875
Low : 5846.10

=> Deference:
** High - Open: 5875 - 5860 = 15
** Open - Low: 5860 - 5846.10 = 13.90

=> Deference from high is greater then from low ( 15 > 13.90)

** Open - (High-Open)-1 = 5860 - 15 - 1 = 5844

=> Buy nearer 20 points from Stop Loss = 5860 to 5865

** Open + (75 % of Open) = 5860 + (43.95) = 5903.95

Target achieved Today :clapping:

Let us do paper trade for coming Days

interesting tool for nifty. today is trending day. so trade ok. but i think this is not work in volatile day.
any way best of luck.
:thumb::thumb:

#### rkkarnani

##### Well-Known Member
You mean 0.75% of open and NOT 75% open !!!

##### Member
interesting tool for nifty. today is trending day. so trade ok. but i think this is not work in volatile day.
any way best of luck.
:thumb::thumb:
Yes you may be right dear,
If this is not work for volatile day or some other day,then let us add some extra features to fine tune this strategy,

Many Seniors and Legend peoples are in this great forum to help,

So I request all of them to help us,

##### Member
Today as per Open-High-Low @ 9:30

UP-TREND

Target = 5989.60

Target almost achieved around 9:40 (5987.90) without buying opportunity

Let us see what will happen now !!

#### whisky

##### Well-Known Member
Yes you may be right dear,
If this is not work for volatile day or some other day,then let us add some extra features to fine tune this strategy,

Many Seniors and Legend peoples are in this great forum to help,

So I request all of them to help us,

All the best:thumb:

#### RAAMAKANT

##### Well-Known Member
Sounds Interesting......:thumb: but you are taking values of spot or future?

##### Member
Sounds Interesting......:thumb: but you are taking values of spot or future?
future data, from angel odin board not from chart

#### nbagda

##### New Member
how to calculate tgt (i.e. 75%) is not clear and what about down trend tgt.

##### Member
how to calculate tgt (i.e. 75%) is not clear and what about down trend tgt.
It is my mistake Dear, Not 75 % but 0.75 %,

Buy Target = open + (0.75 % of Open)

Sell Target = open - (0.75 % of Open)

i.e. today Open = 5945.05

So Buy Target = 5945.05 + ( 0.75 % of 5945.05)
= 5945.05 + ( 44.60 )
= 5989.65