For intraday traders
Intraday strategies for traders who are flat by the close
An intraday trader on NSE has from 9:15 am to 3:30 pm, and every position is closed before the bell. There is no overnight in which a bad trade can come right. The stop-loss has to be known before entry, and the exit has to happen today. Any strategy you use has to fit inside that window.
WizeBuySell sells TradingView indicators that plot on your own chart what to buy or sell, the strike and expiry for options, and where to exit. Four of the eight suit a day trader, from a 1-minute option-selling system to 15-minute option buying on Nifty and F&O stocks. This page matches each to a way of trading, and covers where day traders actually lose money.
How an NSE session moves between 9:15 and 3:30
The first 30 to 45 minutes are the open drive. Overnight news, the gap and pending orders get priced in at once. Ranges are wide and direction can flip twice before 10 am. Labels appear and get stopped out quickly here, and option premiums swing more than the index move alone would suggest.
From roughly 11 am to 1:30 pm the market often drifts. Volume thins and price crosses back and forth over the same level. This is where whipsaws come from: a buy, a stop-loss, a sell, another stop-loss. Directionless price gives directionless signals, and many experienced day traders simply trade less in this window.
The last hour brings volume back as positions are squared off. Moves can be clean, but a label at 2:50 pm has little time to reach its target. Option buyers feel this most, because whatever time value they paid for is running out with the session.
Four intraday strategies and what each asks of you
| Strategy | Chart | What the chart names | What it asks of you |
|---|---|---|---|
| Nifty Intraday Option Selling | 1-minute | Sell CE or Sell PE with the strike; trailing exits; a strict SL price in the panel | Constant attention and fast order entry. Selling carries the larger loss if price runs. |
| Nifty Bull & Bear Spreads | 3-minute, daily trend filter | Debit spread strikes, e.g. “BUY 23050 PE | SELL 22950 PE”, and the index level of the target | Patience: it trades only when the daily and 3-minute trends agree. Two legs to place. |
| Nifty Options Buying | 15-minute | Buy CE or Buy PE, the strike, same-week or next-week expiry, Exit T1 | Fewer decisions a day. Premiums lose time value while you wait. |
| F&O Buying in Shares | 15-minute | CE or PE strike once the trend confirms (“ST confirm”); half exit, rest trailed | A short stock list from the dedicated watchlist, and liquid strikes only. |
Strike figures are illustrative. Not every signal on these charts finishes the same day; your own cut-off decides that.
One minute, three minutes, fifteen: what the timeframe changes
On the 1-minute selling strategy, decisions come quickly and the stop-loss is close. The panel shows your current position, the active strike, the entry price and a strict SL price, because on a 1-minute chart there is no time to work one out. If you cannot place and modify orders within seconds, this is the wrong strategy for you.
The 3-minute spread strategy waits for the daily trend and the 3-minute trend to agree, so some sessions give it nothing to do. A debit spread caps both the loss and the gain, which suits a trader who wants the worst case known before entry.
The 15-minute strategies trade least. Entries come later in a move and the stop-loss sits wider, but fewer labels are false starts. The cost is paid in time value on the option you hold.
A daily routine built around the chart
A routine removes most of the decisions that go wrong under pressure.
- 01
Decide the strategy and the list before 9:15
Open only the chart your strategy is built for. For F&O Buying in Shares, pick a handful of names from the dedicated watchlist that you already know. Note any scheduled event for the day.
- 02
Let the open settle
Skip the first few candles unless your strategy and your nerves are built for the open drive. The 1-minute chart will show plenty of action; action is not the same as a trade.
- 03
Act only on fresh labels
Take a label on the candle it appears or not at all. If price has already run most of the way to the target when you notice, let it go. Chasing changes the risk you agreed to.
- 04
Place the stop-loss order yourself
The chart shows the stop-loss; your broker does not know it. Place the order as soon as the entry fills, and modify it when the chart trails the exit.
- 05
Stop at your loss limit for the day
Fix a maximum loss before the open, in rupees or in number of stop-losses. When you reach it, close the terminal. The next label is not owed to you.
- 06
Review after the close
Past signals stay on the chart, so compare the day's labels with what you actually did: late entries, skipped trades, stops you moved. Ten minutes a day teaches more than any change of strategy.
Costs, slippage and what they do to small moves
Every intraday trade pays brokerage, exchange charges, taxes and slippage on both sides. A spread has two legs, so it pays twice. On a 1-minute chart these costs can take a large share of a small move. Slippage is worst at the open and in thin strikes far from the money.
We do not promise a number of signals per day and we publish no accuracy or profit figures. Some sessions give several clean trades; some give none worth taking. If round-trip cost is a big fraction of the typical move, the fix is a slower strategy or a more liquid strike, not a bigger position.
Overtrading and revenge trading do more damage than a bad signal
Day traders rarely go broke on one wrong label. It is the fourth trade after two stop-losses, taken at double size to get back to zero before lunch. A label on the chart is information, not an instruction, and nothing on the chart knows your account size or your mood.
WizeBuySell is not investment advice or a tip service, and we are not SEBI-registered. It does not place orders or predict news. Position size, the daily loss limit and the decision to sit out are yours.
Square-off discipline, and the one market that does not close
Brokers square off intraday positions before the close, at a time they set, and often charge for it. Do not leave that exit to them. Set your own cut-off, for example no new trades after 2:45 pm and flat by 3:15 pm, and treat it like a stop-loss. Some labels on the 15-minute charts carry past the close; an intraday trader exits anyway.
BTC Options Buying runs on a 5-minute Bitcoin chart round the clock. It is not an NSE market and not regulated by SEBI, and with no closing bell there is no natural point to stop. Crypto brings its own risks, including sharp moves at hours when you are asleep. Treat it as a separate decision, not an extension of your Nifty day.
Questions about Intraday traders
Which strategy should an intraday trader start with?
It depends on how quickly you can place orders. If you can watch every candle and act within seconds, the 1-minute selling strategy is built for that. If you cannot, start with Nifty Options Buying on 15 minutes, which asks for fewer decisions. Take one strategy on the 7-day trial at ₹199 and learn it before adding a second.
Why does the 1-minute strategy show a strict SL price?
Because on a 1-minute chart a sold option can move against you faster than you can work out an exit. The panel shows the current position, the active strike, the entry price and the stop-loss price together. Place that stop-loss order with your broker the moment the entry fills, and do not move it further away.
Can the software square off my position or place the stop-loss for me?
No. The indicator plots what to trade and where to exit; it does not place, modify or close orders, and there is no auto-trading. You enter the trade, the stop-loss order and every trailing change in your own broker terminal. That takes a few seconds each time, which matters most on the 1-minute and 3-minute strategies.
How many signals will I get in a day?
It depends on the strategy and the day. The 1-minute chart gives more labels than the 15-minute one, and the spread strategy may give none when the daily and 3-minute trends disagree. We do not promise a count. Scroll back over the past month on the chart to see how busy a strategy usually is.
Can I trade these strategies without watching the screen?
Not well. Intraday trading needs you present while a position is open, because the exits move with the market. We do not promise alerts from the indicator; TradingView's own alert features and limits depend on your plan. If you cannot watch during market hours, the swing strategies, which hold for days, are a better fit.