Our opening range is 28 points wide, i.e. 1st trading hours range is 3245 to 3273
nr7 or the narrowest range for the last 7 trading days is 96 points, made on 21st December
So our potential target is (3245 + 96) 3341 on the upside and (3273 - 96) 3177 on the down side as of 11.00 AM in the morning.
Since we made a higher range compared to yesterday's range, our bias is on the long side.
Two possible what if scenario breaks out...
HOD Breaks, then long Entry for 25% qty is placed at day's high+ 2 points filter. we will add to trade based on 10LLV reject in this scenario with day's LOD as SL.
LOD Breaks, then we wait for first green bar to go long on 50% qty. we will add to trade based on 10LLV reject with fresh day's low at SAR (since this is entering into yesterday's range)