Did a Historical Intraday Range Analysis with Nifty using ChatGPT. From the historical heatmap of Nifty’s hourly % range (9:15–15:15), we see a clear intraday pattern: ✅ Early Hours (9:15–10:15): The market often opens with high volatility, leading to a strong range expansion as traders react to overnight developments. ✅ Mid-Day (10:15–13:15): Volatility typically tapers off, resulting in range contraction where price movements are more subdued. ✅ Afternoon (13:15–15:15): As the trading day approaches the close, volatility often picks up again, creating another range expansion phase. Inference 🖊️ Momentum strategies may be most effective during the early and late sessions, where volatility and range are higher. 🖊️ Range-bound or mean-reversion approaches could be more suitable in the mid-day lull when volatility contracts. If we could recognize these time of the day patterns and implement our respective strategies, that could yield better returns.