One of the best ways to pick a winning trade is through a top down approach . First identify the sector showing a trade opportunity and then look for the best stock in it.
In MyFnO, we have always strived to figure out how we can deliver that extra edge using F&O data.
And today we are proud to introduce to be seen for the FIRST time anywhere –
Sectorwise Charts with aggregated F&O data of price, oi, volume, rollover, basis, iv, pcr, delivery
(P.S. avaliable in PLATINUM plan only)
Computation methodology used ->
- For Open Interest (OI), Future Volume, Delivery, we calculate in Value terms (INR cr) and add up the Total of all the sector components so that they can be compared on a common base.
- For others like basis,iv,pcr,rollover we take the Average at any tick point of all the sector constituents
- For price we compute a simple average index where the initial price of each stock in the sector is rationalized to base 100
This sectoral data can now be beautifully analyzed across various modules in MyFnO
Our favourite one is the “Trends” page where you can get a clear understanding of the action happening across sectors in one screen all together. Click below image to see full screen
Now you can also see a full Sector Chart for the first time with aggregated F&O data & Technical indicators combined together in one screen !
In Markets page , you can also see Sector wise TopX gainers/losers across aggregated sector data like price%, oi% , avg premium/disc %, avg Rollovers % / delivery% etc.
In Sectors page itself you can see % changes of various F&O aggregrated parameters across any time frame/interval.. be it Days/week/Month or any custom N days.. or even intraday of 5/10/15/hourly changes. so you know where the action is taking place. You can also use this interval chg in other screens like Markets, Heatmap, etc. whereever applicable
In Changes page you can see smooth trends with colored heatmap where it is then easy to identify regions of sector weakness/ strengths and turnarounds
In Ranges page you can lookout for sectors where F&O data reaching extremes of the period ranges and especially if there is a gap or divergence of 2 parameters like price & oi
In Compare page you can actually compare for eg. F&O data like Sector avg Rollover % across ‘monthly’ time frame in a easy to analyse graph
So as you can see there are various ways to see the bigger picture in action happening across sectors. It is all out there for you to see. Just waiting for you to spot it !
5 thoughts on “Sector Analysis of FnO data – How to see the bigger picture ?”
I am using this software since a time but i am looking for inbulit elliot wave analysis. Is it possible?
Hi.. Elliott points are very subjective… will try and add self user defined wave lines in the future
I want to know that if open interest is high for example 83% and the price has risen by 30% what it means.
Is it mean that the price can go up by 53%, this is on yearly basis.
that would mean that long buildup is happening .. but yes .. this does not mean that price could go up the remaining 53% … in fact if the open interest has risen higher than price relatively.. there could be a chance of some cooling down… but even that is subjective to every stock movement as such, so cannot be seen in isolation
Cooling down of Open Interest or price