Nifty Correlations

Open High Low Close
Open 1
High 0.985292844 1
Low 0.97947623 0.982470897 1
Close 0.952274718 0.975614265 0.985256053 1

The above is the correlations between the various Nifty Index, Open, High, Low, Close. The Open is more correlated to the high of the day than the low and close. The low is more correlated to the close of the day than the open and high.

Simple strategy would be to buy at close everyday and sell at open everyday!! :-)
Don't send me your savings yet!