Thursday 20th of July 2017 10:01:39 PM
What is “Stock Options Chart for derivative stocks”?
The NSE Option Chain chart for stocks above shows open interest data for stock options that are trading on NSE India. The total open interest of Puts and Calls is visible for each strike price for that particular stock.
How to use these charts?
The charts can be used to identify the support and resistance levels based on Open Interest data. Generally speaking, the strike price with highest OI of Calls is considered a resistance. Similarly, the strike price with highest Open Interest of Puts of considered a resistance level for that stock.
If a particular stock has a market cap of INR 1 Trillion and OI is just ten thousand then the Open Interest data should not be used to identify levels for that particular stock.
Also, if the stock is in sharp uptrend or the momentum is very strong, the trader should not rely on support and resistance from these charts. The major supports and resistances get broken during strong up or down moves.
Are these charts reliable in identifying support and resistance levels?
The charts should not be relied upon for the stocks where the open interest is very low. The higher the open interest of a particular stock, the better.
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ramesh says
i like to find out in a stock which call has volume far higher like 1.5 or 2 or 3 times open interest.
same for put.
can you help please
santosh says
charts not upadated … old data shown .. OI change … so please upadate
Pradeep says
you may need to contact support at care@niftytrader.in
sudheer says
sir your charts options are very good
I need intraday live option charts for nifty stocks , how can i subscribe if you have any paid services.
Girish says
Open int charts not updated..old data shown..
When can it be rectified or restart..
Any paid service for live updation of option charts..and how can i subscribe?
girish says
Open int charts not updated..old data shown..
When can it be rectified or restart..
Hari says
You need to clear your browser cache and then refresh the page