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Monday's honest report: 64 setups examined, zero trades taken

7 September 2026 · AlgoRishi
010304 Month-to-date cumulative P&L (signals book, 900 qty virtual) +₹22,973
Tracked on real market prices · virtual capital · past performance is not indicative of future results.

If you traded SENSEX options today, ask yourself one honest question: did you take a trade because the setup was there, or because the screen was open and the day was passing?

Our machine took none. Zero trades. ₹0 booked. It watched the whole session — 09:20 AM to 03:26 PM IST — found 64 places where a level was being tested, and rejected every single one.

0trades taken today
64setups examined and rejected
63 / 65best score vs. the gate
₹0P&L for the day

How the machine decides

Before the market opens, the engine maps the levels that matter on SENSEX — supports, resistances, and the strikes where option writers have stacked the most open interest. Those become walls.

It does not trade the level. It trades the confirmed break of the level. Every candidate break gets scored out of 100 on four things: how far price has actually held past the level, how big the candle is compared to the recent average, whether option order flow agrees with the direction, and how much clear room exists to the next wall.

The score has to reach 65. Below that, nothing fires. There is no override, no "it looks good", no gut feel.

Today the highest score the engine produced all session was 63. Two points short. Sixty-four attempts, and not one of them cleared the bar.

Think of it like leaving the ball

A Test opener facing a fourth-stump line does not swing at everything. Most deliveries outside off get left alone — bat lifted, body behind the line, nothing offered. The runs come later, on the ball that is actually there to be hit.

Retail F&O trading fails partly because nobody teaches leaving the ball. SEBI's own studies show roughly 91-93% of individual F&O traders lose money. A large part of that is not bad analysis. It is playing at everything.

What actually got rejected

Level class testedAttemptsResult
Open-interest wall (support side, 76000)30All rejected
S2 (second support)20All rejected
S1 (first support)14All rejected
Total640 trades

Notice something: every level tested today was on the downside. Price kept leaning on supports and refusing to actually break them. That is the textbook signature of a range — sellers push, buyers absorb, nothing travels.

One rejection, in plain language

At 09:26 AM IST the engine looked at a downside break of S1 and scored it 28 out of 100. Its own breakdown:

Total: 28. Gate: 65. Skipped.

The best it managed all day was 63 — a case where price held past a wall on a 1.4x candle with real room ahead, but option order flow was pushing the other way hard enough to veto it.

Confirmation score through the session — 7 September 2026 gate 65 best: 63 65 0 09:20 AM 12:00 PM 03:26 PM Score never touched the line. So nothing was traded.
Every dot on that path was a real level test. None of them earned an entry.

Where September stands

We report the red days the same way we report the green ones:

DateResult
1 September−₹19,350
2 SeptemberNo trades
3 September+₹38,723
4 September+₹3,600
7 September (today)No trades
Month to date+₹22,973

Two of the last five sessions produced nothing at all. That is worth saying out loud rather than hiding: the current regime is quiet, and a system built around confirmed breaks will simply go silent when nothing breaks.

A no-trade day is not automatically a good day. It is only a good day if the trades that were skipped would have lost money. We cannot know that with certainty for today — we can only report that the rules were followed and no capital was risked. Anyone claiming a zero-trade day is a "win" is selling you something.

The part worth stealing

You do not need our engine to copy the useful bit. Write down, before the market opens, the specific conditions under which you will take a trade. Then, during the session, score the setup against that list instead of against your mood.

The single cheapest edge available to a retail options trader is the trade not taken. Brokerage, STT and slippage are charged on every entry — including the bored ones.

Today the market offered 64 half-chances and zero real ones. The machine's entire contribution was to notice the difference and do nothing about it.

Disclosure: AlgoRishi publishes signal tracking on real market prices using virtual capital, for information and education only. Nothing here is investment advice or a recommendation to trade. Futures & options trading involves substantial risk of loss. Past performance is not indicative of future results. AlgoRishi is not a SEBI-registered investment adviser or research analyst.