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Open in appSupport Resistance Trading with Open Interest (Tamil)
Open interest is the number of outstanding option contracts at a strike and expiry, and traders use it to judge sentiment and likely direction. This lesson focuses on support and resistance and how open interest helps confirm them.
It covers how rising open interest with a rising or falling price signals trend strength, how divergence between price and open interest can warn of a reversal, and why strikes with large open interest often act as support or resistance. These ideas are then used to gauge positional breakouts and breakdowns.
What you’ll learn
✓Open interest and what it tells you
✓Reading trend strength from price and OI
✓Strikes with large OI as support and resistance
✓Gauging positional breakouts and breakdowns
Read and practise
SPEAKERVigneshwar IyerTrainer, Quantsapp
5+ years of market experience, mentored several people in options trading. Sound understanding of the concept of demand and supply zones using option strategies.
All 130 videos by Vigneshwar →