Weekly Nifty Strategy Using Wednesday Morning Reference Prices

Summary

This intraday Nifty futures strategy records Tuesday and Wednesday reference prices from the 9:15 candle, using India time. On Wednesday, it compares that candle’s close with the prior week’s Wednesday reference, falling back to the prior Tuesday reference if no Wednesday value is available. A close above the reference triggers a long entry; a close below it triggers a short entry. The script places a stop 100 points from the average entry price and closes any open position at or after 3:15 PM on a later day, accommodating a Thursday market holiday.

The page describes the strategy as suited to traders with limited time and claims a year-end win rate above 50%, but it provides no underlying report, sample period, trade count, or other evidence to assess that claim. The source defines specific timing and stop rules, yet does not show position sizing or transaction-cost assumptions. Its narrow weekday and time-based design may be sensitive to market schedules, gaps, and contract behavior; the stated win-rate claim alone does not establish profitability or risk-adjusted performance.

Key ideas

• The strategy compares Wednesday’s morning close with a reference recorded from the prior week.
• It uses the prior Wednesday price when available and otherwise falls back to Tuesday’s price.
• Prices above and below the reference trigger long and short futures entries.
• The script uses a 100-point stop and exits on a later day at or after 3:15 PM.
• The page claims a win rate above 50% but gives no supporting backtest details.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.