2019.08.23
Short put 0.3 delta
No second trade. NS gave the signal but NF didn't.
Nifty Interesting Stats
An interesting stat about Range Trading.
I took Historical Nifty 50 EOD data for the past 9 years and found this pattern.
Total no of Days = 2284
If Nifty opens within PDR, around 50% it has closed within the range.
If Nifty opens above PDH, more than 60% it has closed above PDH.
If Nifty opens below PDL, more than 60% it has closed below PDL.
Also if Nifty opens above PDC, more than 60% of the times it has closed above PDC.
If Nifty open below PDC, more than 60% of the times it has closed below PDC.
I took Historical Nifty 50 EOD data for the past 9 years and found this pattern.
Total no of Days = 2284
| Range Open Days | 1722 | Higher Open Days | 372 | Lower Open Days | 190 | ||||||||
| Close in Range | 832 | 48.32% | Close in Range | 102 | 27.42% | Close in Range | 53 | 27.89% | |||||
| Close > PDH | 449 | 26.07% | Close > PDH | 232 | 62.37% | Close > PDH | 12 | 6.32% | |||||
| Close < PDL | 441 | 25.61% | Close < PDL | 38 | 10.22% | Close < PDL | 125 | 65.79% | |||||
If Nifty opens within PDR, around 50% it has closed within the range.
If Nifty opens above PDH, more than 60% it has closed above PDH.
If Nifty opens below PDL, more than 60% it has closed below PDL.
Also if Nifty opens above PDC, more than 60% of the times it has closed above PDC.
If Nifty open below PDC, more than 60% of the times it has closed below PDC.
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