The opening-range breakout, explained without the jargon

In the first five minutes after the open, from 9:15 to 9:20, each index prints a high and a low. KanavAI records those two levels for NIFTY, SENSEX and BANKNIFTY and then freezes them for the rest of the day. That band is the opening range.

After 9:20 the strategy watches one thing: whether price leaves the range. A break above the opening-range high is a signal to buy an at-the-money call; a break below the low, an at-the-money put. It is a directional position on the expiry contract — premium is bought, never written — and only the first clean break of the day per index is taken.

What the strategy does not claim

It does not predict where an index is going. It takes a position on a specific, observable condition — a break of a fixed range — and then manages the risk mechanically. Plenty of breakouts fail, especially on choppy, rangebound days, which is exactly why the exit rules and your own stop-loss matter more than the entry does.

Where you come in

The entry logic is fixed and disclosed: which index, which direction, which strike, and when. The risk is yours — your target, your stop-loss, the capital you deploy, and the daily loss that shuts everything down. The system enforces those limits rather than treating them as suggestions, and it squares off at your target, your stop, or the 3:20 PM time-exit.