Signal on Nifty spot · big winner · top 10% of 806 trades

28 Jun 2023expiry day

BUY ITM4+₹3,881+₹3,981 before ₹100 costs
SELL ITM4+₹3,989+₹4,089 before ₹100 costs
Entry10:40 at 18,911.50 — the 10:35 candle closed above the OR highExit18,979.75 — 14:10 candle closed through the SMA 20 — out at 14:15
18,85018,90018,95019,000OR high 18,908.2 · stop: close back belowOR low 18,864.2EntryExit9:1510:0011:0012:0013:0014:0015:0015:30200300EntryExit9:1511:0013:0015:00BUY · ITM4 18,700 CE bought · 211.20 → 272.45100200300EntryExit9:1511:0013:0015:00SELL · ITM4 19,100 PE sold · 192.40 → 129.50
exit ruleout atwhyBUY ITM4SELL ITM4
no trail15:1515:15+₹3,725+₹4,021
SMA 511:00trail+₹121+₹202
SMA 1012:15trail+₹2,507+₹2,464
SMA 2014:15trail+₹3,881+₹3,989
half-candle15:1515:15+₹3,725+₹4,021
Same signal, five exit rules. The highlighted row is the one drawn. BUY = buy the call on an up-break, the put on a down-break. SELL = sell the put on an up-break, the call on a down-break.
Backtest data, 5-minute candles. Gold lines = 9:15–9:30 opening range; blue line = the trailing SMA. Entry at the next candle's open. A failed breakout exits at the close of the candle that fell back inside; other exits at the next open. Printed prices only. 1 lot = 65, ₹100 per trade.