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Intraday NSE BSE Open High Low Strategy

Posted on by admin

This is a modified version of Intraday Open High Low Strategy. In order to improve the accuracy of this popular strategy, we have tried to incorporate both NSE and BSE prices to generate the signals. In this strategy, Buy signal is generated when Open=Low in both NSE and BSE, while Sell signal is generated when Open=High in NSE as well as BSE. The addition of BSE prices make sure that the signals are more reliable and live testing has shown that many false signals have been eliminated following this approach. Hereafter, this strategy would be called as Intraday NSE BSE Open High Low Strategy.

Intraday NSE BSE Open High Low Strategy

Below are the live signals generated based on intraday NSE BSE open high low strategy. See the Profit/Loss column to check the accuracy of this strategy. Please note that the actual profit/loss may vary due to slippage and commissions. All the stocks common to NSE and BSE are included as part of this strategy

Strategy Overview

Paramter Value
Preferred Timeframe Intraday 5 minutes
Indicators Used None
Buy Condition Open=Low for the current day in NSE as well as BSE
Sell Condition Open=High for the current day in NSE as well as BSE
Stop Loss 0.5% below Open price for Long positions, 0.5% above Open price for short positions
Targets As per one’s risk appetite or End of the day

How to trade on this Strategy

Step 1: Refresh this page at market open to generate live signals based on this strategy

Step 2: Place order at Open price based on the signals generated. The orders should be placed at NSE to be on safer side.

Step 3: Place stop loss as per the above table

Step 4: Book profit/loss based on your risk appetite and make sure that your entire position is squared off at the end of the day. This is an Intraday only strategy.

How to select stocks for Trading

As you can see that the buy/sell signals are generated for many stocks at the same time. In order to select the best stocks for trading follow the below rules:-

  • First preference should be given to the stocks listed in Sensex, Nifty or F&O.
  • Always check for High Beta stocks- the ones which have high correlation with Nifty.
  • Select stock which has high average daily volume and low bid-ask spread.

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61 Comments

  1. Your latest intraday nse bse open high low strategy seems to be highly profitable. I will trade strategy from tomorrow. Buy there are too many penny stocks in the output. So I would suggest to use further filters like volume and/or price so that only good stocks appear in the output result.

      • Dear admin,
        It did not work for me.
        I had buy call for ambuja and apollo tyre as it in table it was showing to buy. but its price got down.
        and now these two shares are not showing in the above table.

        • Hi Tapan,

          Sorry to hear that. However, none of the trading strategies work 100% of the time. Please put strict stop loss in place to minimize your losses.

  2. Dear Admin,
    Can you provide the filters you mentioned like bid spread,fno ,high beta etc in the table itself so it ll be easier for sorting ourselves

    • Hi Sudheer,

      Its difficult but not impossible. Will try my best to add those filters.

      • Dear Sir,
        I am little confused.If we enter into this strategy at 9.15 itself how will this strategy decide if open=low or open=highWe have to give atleast 5 0r r10 0r 15 mins right.Like for exampe till 9.30 if open of the day=low or open -high till that time then.But i am not understanding how can we enter at 9.15 itself

          • Ok.Thanks, Sir.Really appreciate your work in providing these utilities for free.

  4. Dear Sir,

    Kindly provide us the download link for the excel file.

    Thanks and regards,

    • Hi Selvaraj,

      Unfortunaltely downloadable excel sheet is not available for this strategy

  5. Dear sir,
    Please have different windows for

    First preference should be given to the stocks listed in Sensex, Nifty or F&O.
    Always check for High Beta stocks- the ones which have high correlation with Nifty.
    Select stock which has high average daily volume and low bid-ask spread.

    these conditions ..

    it will help us great

  6. Sir, can u kindly provide me with the link to download the excel file. Also, the trade entry at 9:15 Am may not be possible for most of the traders – what’s ur suggestions if it’s prolonged by 10 – 20 mins. Pls advice.

    • Hi Abemo,

      Unfortunaltely downloadable excel sheet is not available for this strategy. Yes. you can delay it by few minutes but the profitability may decrease a bit.

    • Hi Chetan,

      Unfortunaltely downloadable excel sheet is not available for this strategy

  9. I need pivot levels for 5 min time frame. Can you please tell me its possible to get it in excel.

  11. For today(31-oct-2017), bse data for grasim was
    open=1199
    low=1198.95
    and still it shows in the excel sheet as open=low.
    How is this possible??

  12. its practically not possible to trade in so much of stocks. can we have this scanner only for fno stocks.

  13. Hi Admin,
    I am seeing that at 9.20 some stocks came as long and short calls.But after some time they disappear in the list.Is it possible to retain in the list till EOD.So we can get to know the failed stocks.

    • Hi Sudheer,

      We are working on improvements on this sheet. Will add this to the list. Thanks for the kind suggestion

      • ok.thanks sir.kindly let me know if you need any techincal assistance in modying these scanners.I have software skills to build this

      • Sir can you pls provide non FNO stocks like this live update same rule on excel format Ji

  14. Pls explain what you mean by Profit %. Are you indicating that is the %age of probable profit for the day? If so, It would be nice to see a column which calculates the value for ready view which can be use as exit target.

    Also, please be informed that some of the opening price data do not match.

    It would be helpful if similar chart is available for weekly or monthly trade setup. Is it possible?

  18. Dear Sir,
    to the best of my knowledge NSE has 50 shares and BSE has 30….then how come your list above includes more that 30 shares

    • Hi Karam,

      NSE Nifty has 50 shares and BSE Sensex has 30 shares, these are just small subset of entire NSE and BSE respectively.

  19. This is excellent. Needs a drop down to select only Nifty 50, Nifty Next 50 etc.

  22. please have some filter criteria based on MCAP,volume , FNO , high liquid etc

  23. Wonderful job done.Just one thing many stocks are missing from the list.To name a few like Axis Bank ,NIITTECH,NOCIL etc.

    • Hi,

      Only those stocks are shown which satisfies the below criteria:

      Buy Condition       Open=Low for the current day in NSE as well as BSE
      Sell Condition Open=High for the current day in NSE as well as BSE

  24. Sir
    I have traded with this strategy ,it’s really stress less and good ,but the stop loss column not mentioned ,i have taken positions between 9 .45 am to 10.10 am and exited each around 1 to 1.5 %,if you can add stop loss ,then we can keep open positions for more profit .
    But its excellent sir .
    Many thanks

    • Hi Shailendra,

      Its a fair ask. We will add this request in our enhancement list. Thanks for trying out this strategy.

  26. Excellently captured. Need to know how to place orders directly fron This excel sheet in Zerodha Pi.

    • Hi Rajesh,

      That is not possible currently. There is no available integration between Google sheets and Zerodha Pi

  28. Hi, I am not able to download this excel sheet. Can someone mail me the excel sheet to my mail id pls.

  30. please share the link to download the strategy as I didn’t find any link on this website.

  38. Please provide this latest Intraday NSE BSE Open High Low Strategy file or link

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