Short-the-bounce setup: 1D downtrend intact (price below SMA50) but today's session shows a sharp counter-trend bounce. Relative volume low (≤1.2×) — buyers fading, no real demand. Short on first 15m lower-high after the bounce exhaustion per scaffold. Same-day close.
The edge — what this scanner is hunting
Bounce in a downtrend + falling OI + RSI mid = fade the dead-cat bounce. When stocks below SMA50 rally 1.5–6% but OI is dropping, the bounce is short covering, not new buying. Faded historically.
55% in confirmed downtrends. Full breakdown in the premium app.
This screener surfaces a quantitative setup based on derivatives data. Past patterns do not guarantee future moves. Indian F&O instruments are leveraged and time-decayed — manage position size and stop discipline. This is information, not investment advice. Verify the setup on your own charts before trading. Consult a SEBI-registered advisor for tailored guidance.