Sector Analysis of FnO data – How to see the bigger picture ?

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 anywheresectorTrends
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 ->

  1. 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.
  2. For others like basis,iv,pcr,rollover we take the Average at any tick point of all the sector constituents
  3. 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

Sector Trends
Sector Trends

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 !

The trick i used to find this turnaround stock

I like to see stocks which are near their high /low range . And not only in terms of price , but also other F&O parameters, especially Open Interest (OI) and Delivery.

Why ? because OI itself is like a pressure cooker, there is a limit to how high can it go, and at the tipping point either the bulls or the bears will eventually give in, and the price would flow in the reverse direction. And if coupled with high delivery volumes, it is like a sure shot .

But how do identify if these parameters are near their high/low ranges from so many F&O stocks in a quick & easy way? For this the “Ranges” screen in the MyFnO app comes real handy.

The trick of finding such stocks is shown in our one-page pic –>

NOTE: I personally like to choose ‘percentile‘ form of data as that gives me how many % of times the value has been below the current value