📌 NIFTY Intraday Trade Entry Checklist
Category | Checklist | ✓ / ✗ |
---|---|---|
Price Action | Break of Structure (CHoCH / BOS) confirmed? | |
Strong breakout candle (no trap wick)? | ||
Retest confirmation or clean rejection? | ||
Gap zone filled or acting as magnet? | ||
Open Interest | OI build-up in trend direction? | |
Short covering or long unwinding detected? | ||
Support/resistance shifting on OI? | ||
CE vs PE OI imbalance supports signal? | ||
Custom Strategy | IV Spike + Breakout: Sudden IV rise with breakout? | |
Gamma Reversal: Price reversing near max pain or high gamma zone? | ||
Trend + OI: EMA + OI + Price in same direction? | ||
Indicators | ADX above 20 and rising? | |
Price above/below VWAP with strength? | ||
Supertrend or EMA trend supports entry? | ||
Risk & Entry | SL placed at structure-based level? | |
Minimum 1:2 Risk:Reward available? | ||
Entry not in sideways or flat zone? |
🧠 Mastering Intraday Trading with Custom Strategy: NIFTY 50 Edition
Intraday trading in NIFTY50 can be highly profitable — but only when backed by proper logic, technical confirmation, and data-driven decisions.
This post shares a complete NIFTY Intraday Custom Strategy that combines Price Action, Open Interest (OI), ADX, and Volatility (IV). At the end of the post, you’ll also find a detailed checklist table to validate entries before taking a trade.
🔍 What Makes This Strategy Powerful?
This is not just a technical setup — it's a hybrid approach that filters out noise and fake breakouts by focusing on:
✅ Smart money behavior (through OI shifts)
✅ Clear market structure (price action-based breakouts/rejections)
✅ Momentum confirmation (ADX filter)
✅ Risk-managed entries and exits
🎯 When to Enter a CE (Call) Trade?
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Index breaks resistance with strong candle.
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OI shows unwinding in PE + build-up in CE.
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ADX > 25 and rising.
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IV spike confirms directional move.
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Price above VWAP or EMA20 with strength.
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Gamma reversal zone acting as support.
📉 When to Enter a PE (Put) Trade?
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Index breaks support (no false wick).
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OI shows unwinding in CE + build-up in PE.
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ADX > 25 but no sideways chop.
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Price breaks below VWAP and closes weak.
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Max pain shifting down or Gamma resistance hit.
⚠️ Avoid These Entry Conditions
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Entry inside a sideways zone (flat ADX).
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No confirmation from OI.
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Weak volume breakout with trap wick.
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Entry too far from key structure (poor RR).
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News-based spike with no structure break.
🔎 Intraday Strategy Checklist
Parameter | CE Entry | PE Entry |
---|---|---|
Breakout Candle | Resistance Break + Strong Body | Support Break + Weak Close |
ADX | > 25 and rising | > 25 and rising |
OI Trend | PE unwinding, CE buildup | CE unwinding, PE buildup |
VWAP | Price above VWAP | Price below VWAP |
IV Signal | IV rising | IV spike or VIX rising |
Option Type | ATM/ITM Call | ATM/ITM Put |
Entry Zone | After breakout retest | After breakdown retest |
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