Hello friends,
I am a management student pursuing my MBA finance from one of the top management institute in Mumbai. I have been a silent member of this group from last 9-10 months and have learnt a lot from various posts/files/reports posted on the group. I thought even I should contribute something for the investor community.
During one of my project at a leading brokerage house in Mumbai, I had developed a system to track/analyze Open Interest. This system has been used be at the Institutional Desk of the same brokerage house from last many months and has been giving great results.
Features of the system are follows:
Obtain top OI gainers and Losers for the day
Obtain bullish and bearish OI and Price Indicators
Historic analysis of OI changes (say for a ONGC Todays OI change was 15 % ,then system will search for similar OI changes in past 2 years with given range (say +-2 meaning OI change of 13-17%),and indicate what has been the price change in x future days from that particular day (x could be 1,2,3,..Etc)
Gives rollovers for the last week
Gives what has been current rollover during any of the day of expiry week and what has been the average rollover that particular numbered day in the past (say average rollover for 3rd day of expiry)
Now I will be generating daily reports from the system and sending across the group, so that community can take informed short term trading decision.
P.S.I have put the snapshots of the system in files section and todays report with the mail.
Cheers
Tirthank Shah
tirthankshah@**********
I am a management student pursuing my MBA finance from one of the top management institute in Mumbai. I have been a silent member of this group from last 9-10 months and have learnt a lot from various posts/files/reports posted on the group. I thought even I should contribute something for the investor community.
During one of my project at a leading brokerage house in Mumbai, I had developed a system to track/analyze Open Interest. This system has been used be at the Institutional Desk of the same brokerage house from last many months and has been giving great results.
Features of the system are follows:
Obtain top OI gainers and Losers for the day
Obtain bullish and bearish OI and Price Indicators
Historic analysis of OI changes (say for a ONGC Todays OI change was 15 % ,then system will search for similar OI changes in past 2 years with given range (say +-2 meaning OI change of 13-17%),and indicate what has been the price change in x future days from that particular day (x could be 1,2,3,..Etc)
Gives rollovers for the last week
Gives what has been current rollover during any of the day of expiry week and what has been the average rollover that particular numbered day in the past (say average rollover for 3rd day of expiry)
Now I will be generating daily reports from the system and sending across the group, so that community can take informed short term trading decision.
P.S.I have put the snapshots of the system in files section and todays report with the mail.
Cheers
Tirthank Shah
tirthankshah@**********