Open Interest Analysis

[MSN1979]

Options are high risk....please trade only if you are able to predict intraday Nifty trend.

thanx for the concern, i am not trading nifty options. I would like to learn basics. Looking for some resources. If you have any

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.1 indicating, indicating bullishness, buy on dips strategy to be followed as long as Nifty futures holds above 11315, expected target 11395-11405.

 

[Jayakumar.int]

thanx for the concern, i am not trading nifty options. I would like to learn basics. Looking for some resources. If you have any

Will reply in detail on weekends...........

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.7, Nifty futures if holds above 11250 short covering possible towards 11310-11315.

 

[Jayakumar.int]

Nifty 11305(+70) BankNifty 28043(+29)

Nifty futures open Interest increased marginally by +1.3% indicating addition of fresh longs. Nifty(spot) continue to stay volatile along its crucial 200DMA of 11271, has to hold above this level to move-up further from current levels.

OI in BankNifty went up by +1% as some longs are added at lower levels. BankNifty(spot) has to move above its near by resistance of 28300 for any significant upside, on the downside, 27700-27650 would be its next support range.

 

[Jayakumar.int]

thanx for the concern, i am not trading nifty options. I would like to learn basics. Looking for some resources. If you have any

For Options basics i too searched when I started to learn…it was only theoretical will not be useful when you go for trading try to learn by watching live examples. Lets take an example of Nifty currently its around 11300, if you are bullish go for 11400 call which is at a premium of 50….on expiry day you will gain if Nifty closes above 11450 your break even would be strike price + premium i.e 11400+50…assume that on expiry day Nifty(spot) closes at 11470 you will again 20 the same reverse for Put option if you are expecting Nifty to fall then go for 11200 put.

If you are trader and wants to do only option intraday…then keenly watch Nifty put-call ratio(PCR) its same like any other indicator it ranges from 0.55-1.60…..if PCR stays near 0.55 go for call option….if it stays near 1.6 then try for put option.

PCR Study:
1 neutral
0.55-0.65 – near over sold territory
1.55-1.60 – near over bought territory

You have to combine these with Nifty spot…it would take time master on these once you follow these then you can predict intraday trend which is crucial for options.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 0.9, Nifty futures would stay with positive bias as long as holds above 11315.

 

[Jayakumar.int]

Nifty 11341(+36) BankNifty 28182(+139)

Nifty futures open Interest decreased by -2.6% as longs got un-winded. Nifty(spot) continue to stay volatile above 11300 levels, current trend would turn negative only if Nifty closes below 11250, on the upside 11400-11430 range would be stiff resistance.

OI in BankNifty declined by -3.8% indicating wind-up of longs. BankNifty(spot) had been consolidating in the range of 27900-28500 in the last few sessions, it has to break this range for the next trend to set.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.1, Nifty futures would stay in the range of 11350-11400, has to break and hold above 11410 for further upside.

 

[Jayakumar.int]

Open interest Analysis - for intraday

Nifty PCR at 1.2, some longs are being added above 11410, if continues to stay above 11410 then 11440-11450 possible.