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Research · India

We tested it so you don't have to

Popular strategies, run exactly as taught on every NIFTY 50 stock from 2016 to August 2026, with real costs. Most fail. Each post shows why, with the exact code.

8studies published
32strategy variants tested
21,63,174simulated trades
0profitable after costs
−₹1.53 Cr after costs1,27,985 trades
20162026
Indiaacademic researchmomentum

Two published intraday strategies, tested on NIFTY 50 stocks: an edge that fades and one that isn't there

A noise-band breakout from "Beat the Market" and the market intraday momentum effect, applied to every NIFTY 50 stock from 2016. The first had a real edge that shrank every period; the second has almost none.

· 4 min readRead
−₹1.09 Cr after costs26,965 trades
20162026
Indiacandlestick patternsreversal

Hammers and shooting stars: the classic reversal candles lose money before costs

26,965 trades, −₹1.09 Cr. The pattern does worse than a random stock at the same minute.

· 3 min readRead
Methodology
Indiamethod

How we backtest, and why most intraday strategies fail our tests

Every report shows net after costs, a +3 bps stress test and three periods. No exceptions.

· 6 min readRead
−₹23.7 L after costs23,666 trades
20162026
IndiaORBbreakout

We followed a popular ORB strategy guide to the letter on 10 years of NIFTY 50 data

23,666 trades, −₹23.7 lakh after costs. 0 of 8 variants profitable.

· 4 min readRead
−₹2.21 Cr after costs85,701 trades
20162026
Indiapivot pointssupport resistance

Pivot points: 85,701 trades show they are coin flips

Breakout −₹2.21 Cr, bounce −₹3.36 Cr. The two are mirror images, and both lose every year.

· 4 min readRead
−₹1.19 Cr after costs70,319 trades
20162026
Indiasupertrendcamarilla

Supertrend, Open = Low and Camarilla: three favourite intraday setups, tested on 10 years

Supertrend −₹1.19 Cr, Open=Low −₹31 L, Camarilla −₹2.27 Cr. All three lose in every period.

· 3 min readRead
Methodology
Indiasurvivorship biasmethod

Survivorship bias: testing on today's NIFTY 50 adds 3.4% a year that never existed

Today's 50 stocks returned 16.2% a year since 2016; the real index stocks returned 12.8%.

· 4 min readRead
−₹4.52 Cr after costs1,20,643 trades
20162026
Indiawin raterisk reward

The win-rate trap: 84% winners, and the biggest loss of the lot

Win rate 43% → 84% while the loss more than doubles, −₹1.98 Cr → −₹4.52 Cr.

· 3 min readRead
New here? Start with the method.
Point-in-time stocks, next-bar fills, real costs, three periods and a random benchmark.

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