Android
Zerodha Broker (Free Delivery)

India's No. 1 Broker with Best Software Trade @ Flat Rs 20

Open Instant Account
market update arrow Tariff hike in telecom sector 'inevitable', likely in 12-18 months: EY arrow PM's Ladakh visit shows India ready to beat Chinese aggression: Chellaney arrow Coronavirus LIVE: Highest single-day spike of 1,153 cases in Uttar Pradesh arrow World Coronavirus Dispatch: WHO stops trials of HCQ, HIV cocktail arrow Former RBI governor Urjit Patel pens book on dealing with NPA issue arrow New Sebi norms to give more fund-raising flexibility to stressed firms arrow Latest News LIVE: Rain lashes Chandigarh, parts of Haryana and Punjab arrow Income Tax dept amends TDS form, makes it more comprehensive arrow PM Modi briefs President Kovind on various issues: Rashtrapati Bhavan arrow Jewellers start melting new ornaments to pare inventory as recession bites arrow Federal Bank focuses on gold loans amid Covid-19 to drive credit demand arrow DHFL defaults on NCD repayments of Rs 50 cr over moratorium restrictions arrow Edelweiss books Rs 2,819 cr pre-tax loss in Q4 on spike in provisions arrow Maruti Suzuki's 3 reasons why rural mkts are doing better than urban areas arrow Shapoorji Pallonji among 4 finalists for 535-acre theme park, UK's largest arrow The size of 20 football fields, world's largest Covid centre opens in Delhi arrow Covid-19, legal tangles throw spanner in JSW bid to regain pole position arrow UK PM Johnson to phase out Huawei's 5G role within months: Report arrow Rapper Kanye West announces 2020 US Presidential bid; Elon Musk backs him arrow India records biggest single-day spike of new coronavirus cases and deaths arrow Bajaj Auto unions demand factory halt after 250 workers test Covid positive

Bank Nifty Change in Open Interest: Bank Nifty Option Chain | Nifty Trader

Table View

Bank Nifty Change in Open Interest Live

Bank Nifty Live OI Change Chart can give very useful clues for intraday support and resistance levels for Bank Nifty. If there is more addition in Open Interest at 12200 Calls, that would mean most market players are comfortable writing call options at this level because they believe it to be a strong resistance. That would be bearish indication for BankNifty.

Similarly is there is highest writing in 12000 Puts that would indicate strong intraday support at that level.

Third Scenario: There is good amount of Open Interest increase in 12000 PE and 12200 CE –> this means we should expect a range bound session for the day, as both bears and bulls are comfortable holding the 12200 and 12000 levels respectively.

Following factors could improve reliability of BankNifty OI Change analysis:

1) Put Call Ratio: Higher PCR means bullishness. If there is more writing at 12000PE and PCR is high and increasing during the day that would add to bullish scenario

If the PCR is declining for the day and more writing happening at 12200CE then this adds to bearishness.

2) Close to expiry: The closer to expiry we are, the more reliable the ‘Open Interest’ analysis. Early in the series, the OI analysis is less reliable.

3) More Players: As the number of players increase, the OI analysis become more reliable.

4) Bid-ask Spread: The lower the bid-ask spread the more reliable the OI analysis.

5) Technical Indicators: The best trades are found by combining OI analysis with other technical indicators. MACD, RSI, Channel lines and EW count give best results with Open Interest Analysis.

Latest News हिंदी समाचार
ad