How to Start Trading (Easy to trade with Quantsapp) Option Trading
Intraday movers is a tool in Quantsapp which enables the option traders or derivative traders on NSE to gauge which are the movers and shakers in the derivatives segment. The platform offers features to study stocks based on criteria such as percentage change in price of futures on NSE and open interest. These movers can be identified by analyzing real-time market data.
As per the price-open interest dynamics, the screen is a bubble chart, which is divided into quadrants, with the increase in open interest (OI) indicating long built-up, provided the price of the concerned futures is also increasing. Similarly, the other quadrants are labelled as long unwinding, Short and Short covering based on the price and OI relationship. On the bullish end:
Longs = Price Up + OI Up (L), Long Unwinding = Price Down + OI Down (LU).
On the bearish end: Shorts = Price Down + OI Up (S), Short Covering = Price Up + OI Down (SC).
PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.
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