@Ranjan5 Intraday is just not allowed at Zerodha. Other brokers like Fyers etc do allow intraday on IPO listing day. Have tried it in MTAR and EASEMYTRIP.
Seems like Strategy 1 (1-minute strategy) discussed in this video works 90% of the time. Even today in CRAFTSMAN IPO and LAXMI ORGANICS IPO, it worked. Also, I have performed backtest for the last 2 years IPOs. Worked in all of them. Good one.
But, it would be great if there is a way to backtest it quickly in all the IPOs till date. Can we design a strategy at @Streak saying “Buy when price closes above 1st 1-minute candle and Sell when price closes below 1st 1-minute candle on the IPO Day”?
I could not find a way to just test this condition on the IPO day in streak platform. Can you help? @ShubhS9@siva
However, it would be fantastic if there was a mechanism to immediately backtest it in all of the IPOs to date. Can we create a strategy at @Streak that says “Buy when the price closes above the first 1-minute candle on the IPO Day, and Sell when the price closes below the first 1-minute candle on the IPO Day”?
To check this you need to select the stork on which you want to test and then select date range when the IPO took place. Then you can just create the condition like