Analysing the Nifty opening prices and the trend for the day.
Statistics 1. From 20 trading days, 13 trading days have the starting price on the clear edge. i.e. within 10% of the top/bottom price of the day. 2. From 20 trading days, 7 trading days have the starting price on the near clear edge, i.e. within 20% of the top/botom price of the day.
Result 1. The starting price is deciding the trend and the one side range of the day. 2. We could do some good trading blindly by analysing the starting price. 3. The starting price is a pivot around which, market is moving if going side ways.