****OPENING RANGE BREAKOUT********

--Do not trade for first 15 minutes i.e. upto 10.10 AM.
--first 15 minutes of trade is known as OPENING RANGE.
(O.R.)
--Write down High and Low of Opening Range.
--now whenever trades above high or below low of Opening
Range then it is known as OPENING RANGE BREAKOUT.
(O.R.B.)
--If O.R.B. is up then stoploss will be low of ORB for intraday.
--same way, If ORB is down then stoploss will be high of ORB
for intraday.
go LONG above HIGH with LOW as SL
SHORT below LOW with HIGH as SL
***********HOW TO TRADE FOR POSITIONAL CALLS
USING O.R.B.*******
--------When call is 'HOLD LONG'
 Do not trade for first 15 minutes.
 now if OR breaks up then hold your longs keeping low of
OR as stoploss for trading upto 3.00 PM.
 after 3.00 PM if trading level is above our closing stoploss
level then carry forward the long for next day.
 If during inraday, low of OR is broken down and you have
closed the long for intraday, then re-examine the level after
3.00PM. If trading above our closing stoploss level then re-
enter long to carry forward for next day and if trading
below our closing stoploss level, then do nothing.
--------When call is 'HOLD SHORT'
--If OR breaks up then close your short. Re-examine at 3.00PM.
If still trading below our closing stoploss level then re-enter
short and carry forward it for next day. and if trading above our
closing stoploss then do nothing.
--If OR breaks the OR down then hold the short for intraday
keeping high of OR as stoploss.after 3.00PM decide as per
closing stoploss level.

----------When call is 'INITIATE LONG'

--If OR breaks up then initiate long.
--If OR breaks down then avoid the call.but re-examine after
3pm,if trading in green then initiate long and carry forward the
long for next day.

---------When call is 'INITIATE SHORT'

--If OR breaks up then avoid the call.
--If OR breaks down then initiate short.but re-examine after
3pm,if trading in red then initiate short and carry forward the
short for next day.
************CONCLUSION*****
--Do not trade upto 10.10 AM.
--From 10.10 AM to 3.00 PM trade with three levels(OR high,
OR low, Closing stoploss) and one strategy (Long or Short).
--after 3.00 PM trade with one level(Closing stoploss) and one
strategy( Long or Short).
be alert when you are long and stock is trading red
be alert when you are short and stock is trading in green.
It seemingly looks to be the simplest and the most
rewarding. But in intraday trading one has to be
very fast and quick and have to be on your toes
always, so there are certain rules which one has to
keep in mind.

 If index is in positive from yesterday and

the share you are holding is in minus
then it should be cut and if intraday trend
of index is in buy then one should buy a
stock in which is in plus.
 If index is in minus then one should look
to short stocks which are minus and not
stocks which are in plus.
 It is not necessary that a stock which is
weak today during intraday trading
might be weak tomorrow also,
simultaneously if a stock is strong today
might not be strong tomorrow
 If US Markets have gone up overnight,
the markets here in all probability will
open strong, so one should be quite
careful when buying stocks as the
general psychology of public is to buy
when good news is there.
 Being a contrarians is very important
while trading intraday.
 Stop loss is a must while trading
 intraday.
 Always trade in very liquid stocks i.e.
which have very high volume because as
entry and exit can be very fast in such
stocks.
 Do paper trading before you actually
start trading so that when you start
making paper profits, then shift to actual
trading.
 Keep your volume constant e.g.: if you
trade in five lots of nifty future then trade
in five lots only. This position can be
increased only when you are satisfied
with your trading for a month. It should
not be that one day you buy five lots and
next day you trade in ten lots and third
day you get a loss and stop trading for
two days.
 Fear and Greed are at maximum levels
while trading intraday so always have
less position when you are new to
intraday trading as otherwise you will be
mostly under tension.