NIFTY & BANKNIFTY Backtesting

Indiquant is a backtesting platform built specifically for Indian markets. Backtest NIFTY and BANKNIFTY strategies — spot, futures and options — against years of real historical data, and see exactly how they would have performed before you risk a rupee.

Where most Indian backtesting tools give you a drag-and-drop builder or make you learn to code, Indiquant lets you describe a strategy in plain English — “sell the BankNifty straddle at 9:45, 90-point stop, exit 3:20” — and returns the metrics that matter: win rate, average win and loss, maximum drawdown, Sharpe ratio and a full equity curve.

What you can do

NIFTY & BANKNIFTY, fully covered. Backtest the index, the futures, or the full option chain across strikes and expiries — spot, intraday and positional.
Plain English, not code. Describe the trade in words. No Python, no formula-building, no drag-and-drop maze — Indiquant parses your rules and runs them.
Real historical Indian data. Years of NIFTY and BANKNIFTY history at minute granularity, including the option chain — the actual prices you would have traded.
Options-native. Straddles, strangles, iron condors, spreads and delta-based selection — priced on the real option chain, not approximated from the index.
Honest metrics. Win rate, average win and loss, net points, maximum drawdown, Sharpe and the equity curve — the full picture, not a single flattering number.

See it in action

Real backtest studies we ran on Indiquant — every number from an actual backtest:

ComparisonNIFTY vs BANKNIFTY for intraday option sellingSame strategy, same ~40% win rate on both — but the ride was very different. The debate, settled with data.Read study →Option sellingThe 9:45 AM NIFTY short straddle — what a year of data really saysEveryone sells it. The win rate is only 41% — and it still made money. Here's why that's not a contradiction.Read study →IntradayVWAP intraday on BANKNIFTY, backtestedGo long above VWAP, exit below — the most-drawn line in intraday trading. Over two years it churned 4,205 trades and bled.Read study →Myth-bustingNIFTY's entire two-year rally happened overnightSplit NIFTY's return into the overnight gap and the intraday session. One made +11,247 points. The other lost money.Read study →

Frequently asked questions

Can I backtest NIFTY strategies for free?

Indiquant is in invite-only alpha and free for approved users, with free credits to run backtests on NIFTY and BANKNIFTY. Register your interest to get access.

What NIFTY and BANKNIFTY data does Indiquant use?

Years of real historical data at minute granularity — spot, futures and the full option chain across strikes and expiries for both indices.

Can I backtest BANKNIFTY option strategies?

Yes. You can backtest option strategies on both NIFTY and BANKNIFTY — straddles, strangles, iron condors, spreads and delta-based selections — on the real historical option chain.

Do I need to code to backtest on Indiquant?

No. You describe your strategy in plain English and Indiquant turns it into a backtest — no programming required.

Indiquant is in invite-only alpha. Register your interest to backtest NIFTY & BANKNIFTY strategies on real data.