Intraday Trading & Options Target Calculator (ORB + Pivot Point) — Accurate Buy, Sell & Stop-Loss Levels

1. Introduction

Intraday trading is one of the most active and exciting forms of trading in the stock market. Traders buy and sell securities within the same trading session — no overnight positions, no delivery. The goal? To capture small price movements throughout the day and turn them into profit.

However, success in intraday trading is not just about speed or gut instinct. It’s about precision — knowing where to enter, where to exit, and how to manage your stop-loss. Without clear levels, traders can quickly fall prey to emotional decisions and market noise.

That’s where tools like the Intraday Target Calculator (ORB + Pivot) come in. It helps traders calculate buy/sell targets and stop-loss levels using two proven techniques:

1. Opening Range Breakout (ORB) – focuses on the first 15–30 minutes of the trading day to identify directional breakouts.

2. Pivot Point Method – a classical calculation using the previous day’s high, low, and close to determine support and resistance levels.

Together, these two methods give traders a structured way to approach the day’s trades.

Whether you trade Nifty, BankNifty, TCS, Infosys, Reliance, or global stocks like Apple or JPMorgan Chase, this tool provides calculated entry and exit points to improve consistency and discipline.

2. What Is the Intraday Target Calculator?

The Intraday Trading & Options Target Calculator is a powerful yet simple tool that allows traders to determine their buy/sell targets and stop-loss levels in seconds.

It has two modes:

1. Opening Range Breakout (ORB) Method – You input the Opening Range High and Opening Range Low (usually taken from the first 15–30 minutes). The calculator then determines your potential Buy Trigger, Sell Trigger, and Target Levels based on the range and optional volatility.

2. Pivot Point Method – Based on the previous day’s High, Low, and Close. The calculator computes Pivot (P), Resistance (R1, R2), and Support (S1, S2) levels — essential for identifying market turning points.

By combining both, traders can develop a balanced intraday strategy — using ORB to confirm momentum and Pivot Points to estimate profit targets or identify reversal zones.

This calculator is designed for both equity and options traders. For example:

• An intraday equity trader can use it to trade TCS or HDFC Bank shares.

• An options trader can apply the same ORB and Pivot logic to Nifty or BankNifty options for quick trades.

3. Understanding the Opening Range Breakout (ORB) Method

What Is ORB?

The Opening Range Breakout strategy revolves around a simple but powerful concept:

The first 15 to 30 minutes of the trading session often define the day’s direction.

Traders identify the Opening Range High (ORH) and Opening Range Low (ORL) — the highest and lowest prices during this early window. When the price breaks above the ORH, it often signals bullish momentum; if it breaks below the ORL, bearish momentum may follow.

Why ORB Works

The first few minutes of trading reflect institutional positioning, overnight news reaction, and market sentiment. Thus, breakouts from this range often set the tone for the day.

ORB Calculator Inputs Explained

1. Opening Range High (ORH) – Highest price in the first 15–30 minutes.

2. Opening Range Low (ORL) – Lowest price in the same window.

3. Current Price (optional) – Helps confirm if a breakout is happening live.

4. Target Multiplier – Defines how many times the range is projected for the target (e.g., 1× or 2×).

5. Volatility Adjustment (%) – Expands or narrows target levels to account for current market volatility.

ORB Formula Breakdown

• Range = ORH – ORL

• Buy Trigger = ORH (breakout above)

• Sell Trigger = ORL (breakdown below)

• Buy Target = ORH + (Range × Multiplier × (1 + VolAdj%/100))

• Sell Target = ORL – (Range × Multiplier × (1 + VolAdj%/100))

• Stop-Loss: The opposite side of the range.

ORB Example (TCS Stock)

Let’s say you’re trading TCS.

• OR High = ₹452

• OR Low = ₹445

• Range = ₹7

Buy Trigger = 452
Buy Target = 452 + 7 = ₹459
Buy Stop-Loss = 445

Sell Trigger = 445
Sell Target = 445 – 7 = ₹438
Sell Stop-Loss = 452

Interpretation:

• If the price moves above ₹452, go long with a stop-loss at ₹445.

• If the price falls below ₹445, go short with a stop-loss at ₹452.

This is a classic ORB setup — clean, simple, and effective.

4. Understanding the Pivot Point Method

What Are Pivot Points?

Pivot Points are one of the oldest and most reliable methods for identifying support and resistance levels. Originally developed by floor traders, this method uses the previous day’s prices to predict potential turning points for the current session.

Core Formula

• Pivot Point (P) = (High + Low + Close) / 3

• R1 = (2 × P) – Low

• S1 = (2 × P) – High

• R2 = P + (High – Low)

• S2 = P – (High – Low)

Calculator Inputs Explained

1. Previous Day High / Low / Close – Used to calculate all pivot levels.

2. Use Levels (R1/S1 or R2/S2) – Choose the strength of resistance/support zones.

3. Volatility Adjustment (%) – Widens or narrows levels based on market conditions.

4. Current Price (optional) – Useful to see if price is near any key level.

Example (HDFC Bank)

• Previous Day High = ₹452

• Previous Day Low = ₹442

• Previous Day Close = ₹446

Then:

• Pivot (P) = (452 + 442 + 446) / 3 = ₹446.67

• R1 = (2 × 446.67) – 442 = ₹451.33

• S1 = (2 × 446.67) – 452 = ₹441.33

If you add a 5% volatility adjustment, the calculator widens R and narrows S symmetrically.

Interpretation:
If the current price is above R1, market sentiment is bullish. If it’s below S1, sentiment is bearish. Pivot (P) often acts as an intraday support/resistance flip level.

5. Combining ORB and Pivot for Intraday Precision

Professional traders rarely rely on one indicator alone. The real power lies in confirmation — when multiple systems align.

Here’s how to combine both:

• Use ORB to identify intraday breakout direction.

• Use Pivot Points to confirm targets or reversals.

Example

Suppose you’re watching Nifty:

• ORB Buy Trigger = 22,100

• Pivot R1 = 22,150

When price breaks above ORB and sustains near Pivot R1, it confirms bullish strength — ideal for a long entry or call option trade.

Similarly, if ORB Sell Trigger is below Pivot S1, it signals bearish alignment.

This method provides high-probability trade setups and helps filter out false breakouts.

6. Volatility Adjustment and Target Multiplier Explained

Market volatility affects how far price can move in a given day.

• Volatility Adjustment (%) helps you account for choppy or trending conditions.

  • In volatile markets (like BankNifty on expiry days), use 10–15%.

  • In calm markets (like large-cap stocks), 2–5% is sufficient.

• Target Multiplier controls aggressiveness.

  • 1× range = conservative target.

  • 1.5× or 2× = aggressive, suited for trending days.

Example

If ORB Range = ₹10, and Volatility = 10%,
Target = 10 × (1 + 0.10) = ₹11

Your new Buy Target = ORH + 11, Sell Target = ORL – 11.

7. How to Use the Tool (Step-by-Step Guide)

1. Choose Mode: ORB or Pivot.

2. Enter Inputs:

   • ORB → Opening Range High & Low.

   • Pivot → Previous Day High, Low, Close.

3. (Optional) Add volatility % or current price.

4. Click Calculate.

5. Review output:

   • Buy Trigger

   • Sell Trigger

   • Target

   • Stop-Loss

6. Use results with your broker platform or charting software (like TradingView).

Example – ORB (Infosys)

• OR High = ₹1,620

• OR Low = ₹1,605

• Range = ₹15
  Buy Trigger = 1,620
  Buy Target = 1,635
  Stop-Loss = 1,605

If price crosses 1,620 with volume, consider long; if it breaks 1,605, short it.

8. Example Scenarios

Example 1: ORB – Infosys

Opening Range: 1,620–1,605
Buy Trigger = 1,620
Target = 1,635
Sell Trigger = 1,605
Target = 1,590

If the market opens strong and crosses 1,620, the trade aims for 15 points up with a 15-point stop.

Example 2: Pivot – Apple Inc.

Previous Day: High = 180, Low = 175, Close = 178
P = 177.67
R1 = 180.34, S1 = 175.34

When price moves above 180, bullish confirmation; below 175, bearish bias.

Example 3: Combined – HDFC Bank

ORB Buy Trigger = 1,630
Pivot R1 = 1,635

Both align near 1,630–1,635 zone → strong long confirmation.

📊 Intraday Trading Input–Output Explanation Table

🧭 Quick Notes for Users

• Use ORB when focusing on intraday volatility or breakout trading.

• Use Pivot Points for trend direction and daily targets.

• Add volatility % (like 3–5%) to widen stop-losses or targets during high volatility days.

• Always confirm signals with volume, RSI, or price action.

So go ahead now and checkout when to buy or sell by using the below Intraday Trading & Options Target Calculator

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PEG Ratio Calculator – Find Fair Value of Stocks Online

Graham Number Calculator – Calculate Fair Value of a Stock Using EPS & BVPS

9. Pro Trading Tips

• Best Timeframes:

  • ORB = 15-minute for Nifty/BankNifty, 30-minute for stocks.

• Stop-Loss Discipline: Never widen SL mid-trade.

• Risk–Reward Ratio: Minimum 1:2.

• Avoid Low Volume Hours: Between 11:30 AM – 1:30 PM IST.

• Confirm with Indicators:
  Combine with RSI, VWAP, or ADX for stronger setups.

• Partial Booking: Take partial profits at 1× range, trail stop for remainder.

10. Limitations and Cautions

No indicator or calculator guarantees success. ORB and Pivot levels can fail during:

• Sudden news or data releases.

• Low liquidity sessions.

• Gap-up or gap-down openings where ORB range becomes invalid.

Always use confirmation tools and trade only when risk–reward is favorable.

11. FAQs

Q1. What is the ideal time window for ORB?
Usually 15 minutes for indices, 30 minutes for individual stocks.

Q2. Can this be used for options?
Yes. Use ORB/Pivot on the underlying index (like Nifty) and execute in options.

Q3. What is a good volatility percentage?
5–10% works well; higher for fast-moving instruments.

Q4. Should I use R2/S2 daily?
Only when volatility or news-driven days extend the trend beyond R1/S1.

Q5. How accurate are Pivot Points for Nifty/BankNifty?
They work well as intraday support/resistance zones when combined with volume confirmation.

12. Conclusion

The Intraday Trading & Options Target Calculator simplifies complex intraday decisions. By blending Opening Range Breakout and Pivot Point strategies, traders can confidently find entry and exit levels.

Use ORB for early momentum identification and Pivot Points for realistic profit targets or reversals.

Remember — the goal isn’t to predict, but to prepare. Combine this calculator with proper risk management, a 1:2 reward ratio, and clear stop-loss rules to trade smarter every day.

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Disclaimer

This tool and article are for educational purposes only. They do not constitute financial or investment advice.
Trading in equities or derivatives involves risk, and you should consult your financial advisor before making any decisions.