Opening Range Breakout Strategy

Statistically, the day's high or low for Nifty is set in the first hour roughly 64% of the time

Historical Average: Most studies and expert reviews place the success rate between 40% and 60%.

Variability: High-end backtests for specific setups (like 60-minute ORB for options) have reported win rates as high as 89%, while 15-minute setups often hover around 78%.

Liquidity Traps & Institutional "Fakeouts" - They know retail traders place Stop-Losses and Buy/Sell Orders just outside the 15-minute high and low -- Banks may push the price just above the day's high to trigger all the "Buy Stop" orders. This creates a surge of buying volume, which the institutions then use to "sell" their huge positions, quickly reversing the price and trapping the retail buyers.

Example: Nifty High is 25200. You buy at 25205 thinking it's a breakout. The price hits 25210 and instantly crashes to 25150.