Observation of Past data:

The simplest intra-day trading strategy is to calculate Pivot Point, Mid-Point of yesterday to be compared with Close and if CMP is greater than all 3, i.e. CL, PP, MP, Long for the day with least of 3 as SL and vice versa.

Keep looking MP,PP for today as well and if breaches least of MP and PP of today, book profit.

Check back-data and verify for yourself.

18/06/18 - EOD Analysis with Levels and auto-Signals

Nifty 50 spot

10830.20	10830.20	10787.35	10799.85	10805.80	10808.78	CLOSE <  PP < MP
OPEN	HIGH	LOW	CLOSE	PIVOT	MID-PT
As per Pre-Open Levels			0	Upside	3	Downside Achieved
As per D-VOL			0	Upside	1	Downside Achieved
M	10822	10311	10645	RST	X	Resistance at High
W	10815	10664	10752	RST	X	Resistance at High
D	10834	10772	10806	X	SR	Sell on Rise
H	10824	10798	10809	RST	BPS	Resistance at High/Book in Short
Simple Avgs		200 Days	100 Days	50 Days	20 Days	5 Days
		10404.08	10555.62	10647.16	10690.46	10825.03
Resistances:		(10806-09-15-24-31-34)
Supports:		(10798-87-72-52)
Gist:		Trend weakened. Sell on Rise.

Nifty Bank spot

26444.30	26477.50	26322.45	26409.30	26403.08	26399.98	CLOSE > PP > MP
OPEN	HIGH	LOW	CLOSE	PIVOT	MID-PT
As per Pre-Open Levels			0	Upside	2	Downside Achieved
As per D-VOL			1	Upside	1	Downside Achieved
M	26594	25104	25991	RST	X	Resistance at High
W	26643	26082	26343	BD	X	Buy at Declines
D	26582	26391	26474	BPS	SR	Book in Short/Sell on Rise
H	26458	26386	26418	X	X	Neutral
Simple Avgs		200 Days	100 Days	50 Days	20 Days	5 Days
		25332.28	25578.40	25884.12	26376.83	26527.77
Resistances:		(26418-58-78) - (26582-94) - 26643
Supports:		(26391-86-43-22) - 26082
Gist:		Trend weakened since last couple of days. Sell on Rise.