Open High Low Same Trading Strategy For Indian Stock Market

Open High Low Same

The open high low same strategy is quite popular among Indian stock traders. In fact I am watching this strategy for 6-7 years now and this is a really easy to follow strategy for even novice traders. This strategy works well in all liquid scrips but I suggest you to follow only Nifty 50 stocks with this strategy.

Advantage Of Open High Low Same Trading Strategy:

  • Easy to use
  • No need of prolonged analysis
  • Just follow the market for few minutes and you get the scrips for the day

How to find a BUY scrip with open high low same strategy?

  1. Collect opening rates for Nifty-50 stocks
  2. Find the scrips with open = low and they are your your BUY scrips
  3. Enter the trade after 15-30 minutes of trade if the opening low is not breached
  4. Keep a stop few ticks below the opening low
  5. Keep a 1.5% to 2% profit target intraday basis
  6. Do not carry forward the trade overnight

How to find a SHORT SELL scrip with open high low same strategy?

  1. Collect opening rates for Nifty-50 stocks
  2. Find the scrips with open = high and they are your your SHORT SELL scrips
  3. Enter the trade after 15-30 minutes of trade if the opening high is not breached
  4. Keep a stop few ticks above the opening high
  5. Keep a 1.5% to 2% profit target intraday basis
  6. Do not carry forward the trade overnight

You can also create a simple excel file to capture live data from your trading terminal. If you are using Zerodha Pi terminal you can use the LINK TO EXCEL option to import live data from the Pi terminal to an excel sheet. Once you can import the data you can write some simple formulas to create a simple open high low same a trading system.

Open High Low Same

Check the power of the trading system. Watch the massive rally in Bank Nifty after open = low

You can also write a simple scanner on the Zerodha Pi platform. Just create a scanner with the following code for open low same BUY code:

OPEN=LOW

Now, you can add list of symbols and scan on horly candle after 15-30 minutes of market opening. It will scan for scrips with open=low in the first hourly candle. Your comments in this regard can take this discussion forward.

Indrajit Mukherjee

Indrajit is a professional blogger and Trading System developer, Amibroker expert, WordPress expert, SEO expert and Stock market analyst. He is studying the stock market since 1995 and is an active trader since 2000. He started the journey of StockManiacs.net on 2008. He follows Indian and world markets as well as the forex market closely.

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One Response to Open High Low Same Trading Strategy For Indian Stock Market

  1. raovr2001@yahoo.com' r v rao says:

    thanks for helping small traders.
    open, high ,low wonderful technique sirji.this is expected from you since long. i read first time on sri manikandan’s webinar where he explained the excel formula also.thanks for help to small traders with this useful and simple technique.
    what is bothering is time taken to scan nifty 50 stocks and then midcaps50 and then to implement your decisions quickly,as at same time nfty and bnk nfty intraday traders and commodity intraday traders /news based trade ideas all scramble for attention in 1 st hour only.
    rgrds and thanks sir.
    r.v.rao

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