Signal on Nifty spot · loser · taken out by the trail

11 Sep 20241 trading day to expiry

BUY ITM4−₹224−₹124 before ₹100 costs
SELL ITM4−₹9+₹91 before ₹100 costs
Entry9:40 at 25,046.80 — the 9:35 candle closed above the OR highExit25,046.00 — 9:50 candle closed through the SMA 20 — out at 9:55
24,90025,00025,100OR high 25,034.6 · stop: close back belowOR low 24,981.8EntryExit9:1510:0011:0012:0013:0014:0015:0015:30100200EntryExit9:1511:0013:0015:00BUY · ITM4 24,850 CE bought · 190.30 → 188.40200300400EntryExit9:1511:0013:0015:00SELL · ITM4 25,250 PE sold · 245.45 → 244.05
exit ruleout atwhyBUY ITM4SELL ITM4
no trail10:05back in range−₹1,927−₹2,076
SMA 59:55trail−₹224−₹9
SMA 1010:05back in range−₹1,927−₹2,076
SMA 209:55trail−₹224−₹9
half-candle10:05back in range−₹1,927−₹2,076
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.