Open Interest and Price Action Analysis: How to use
In this video, you will understand what’s & how’s of Open Interest in one of the most practical ways. This video answers questions such as how to use Open interest for Option Selling, open interest usage for trading in nifty today, trading in nifty tomorrow, or any other F&O scrip such as Bank Nifty.
Open Interest means the total number of outstanding contracts in the market which are not settled yet in a particular expiry. But when Futures Open Interest combined with Option Pricing helps not just in gauging sentiments & but also in picking up high conviction trade ideas.
• Longs = Price Up + OI Up (L)
• Long Unwinding = Price Down + OI Down (LU)
• Shorts = Price Down + OI Up (S)
• Short Covering = Price Up + OI Down (SC)
This video is for you if, You want to
• Understand Open Interest from scratch
• Practical implementation of Open Interest in Nifty, Bank Nifty & other liquid scrips
• Usage of Open Interest, Option Chain Data.
• Identifying Resistance & Support using Option Chain/Open Interest Data
With Open Interest we can form a view on the nifty today or bank nifty today as traders keep on changing their positions while live market trading in nifty & banknifty which help us with key insights for our day trading in options.
We can trade Nifty live, BankNifty Live, and Stocks Idea directly from Quantsapp by mapping with one of the available brokers. Tools used in this video along with price action analysis.
Seasoned derivatives expert with over 6 years of experience across equities, derivatives, and commodities markets. With a proven track record of successful trading and deep market insights.
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