How to Spot Stock Market Bottoms and Act Fast
Learn how to capture positional moves on Nifty with the help of QuantsApp's proprietary BuiltUp tool. Built-up cycle is an analytical tool, which helps traders to scour through the entire database of NSE Open interest of F&O stocks to give the necessary subset which possess the characteristics specified in the parameters which could be a customised definition of a trend.
For example, if a lookback period of 20 days is taken and we wish to search for F&O stocks which possess a count of 14 long or long-unwinding open interest circumstances (L – LU).
The conceptual framework of how to understand a short-short covering cycle and the ignorable longs which occur intermittently. The inter-relationship of Nifty prices, with open interest is discussed vividly in this video. Built-Up can be a very handy tool to have in the back pocket specifically if you want to identify stocks that are about to give those big moves.
PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.
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