Zerodha Broker (Free Delivery)

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

Open Instant Account
market update arrow Coronavirus LIVE: COVID-19 vaccination drive after scientists' nod, says PMarrow India vs Australia 1st T20 LIVE SCORE: Chahal's 3 wkts keeps IND in frontarrow GHMC election result 2020 LIVE: TRS leads, Asaduddin Owaisi's AIMIM secondarrow Sensex gains 447 pts, ends at 45,080 as RBI revises FY21 GDP growth outlookarrow Inflation outlook adverse, but economic contraction is over: RBIarrow Coronavirus vaccine may be ready in few weeks: Modi tells political partiesarrow Stan Swamy given straw and sipper by jail authorities: His lawyerarrow India warns Canada of serious damage to bilateral ties over Trudeau remarksarrow Xi declares end to extreme poverty in China, meeting party goalarrow BSE Healthcare index hits new high; Sun Pharma, Laurus Labs gain up to 5%arrow Growth prospects have brightened with vaccine progress: RBI Governor Dasarrow World Coronavirus Dispatch: Fears of vaccine nationalism in Britainarrow You cannot put lakhs in difficulty for hours: RBI governor on HDFC Bankarrow RBI eases banking and document handling procedures for exportersarrow Sudarshan Chemicals extends gain as Fidelity Pacific Fund buys stakearrow Indian aviation industry to report a net loss of Rs 21,000 cr in FY21: Icraarrow Zydus Cadila gets nod to start phase 3 trials of Covid vaccine on patientsarrow RBI holds rates over inflation, assures ample liquity for stressed sectorsarrow RTGS to be made available 24X7 in next few days: RBI Governorarrow High inflation amid muted GDP forecast could be a party pooper for marketsarrow High inflation amid muted GDP forecast could be a party pooper for marketsarrow Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBIarrow Bharti Airtel advances 4% on strong gross subscriber additions in Septemberarrow Chris Wood hikes exposure to Indian equities despite expensive valuationarrow Chris Wood hikes exposure to Indian equities despite expensive valuation

ONGC : Stock Options Chart

89.85 1.15 (1.30%)

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.

Latest News हिंदी समाचार