Identifying Support/Resistance using MAX OI strike levels

  • A picture is worth a thousand words.. see how at various strikes one can identify support /resistance based on max OI change at which max OI strike,
  • if max OI buildup, implies that a significant level for support(put)/resistance(call) is being formed  with writers willing to write comfortably on that
  • if max OI unwinding, implies that the writers are cutting their positions because they feel that support(put) / resistance (call) level is going to be breached, so they go away from there

support-resitance-strikes

Tweeting stock picks .. using FnO tricks – part 2

Hi there !

Over the last month the markets have seemed to be turning up. And we’ve been trying to do some stock picks of late using simple F&O data analysis with no rocket science:). We have been tweeting these stock picks on twitter.com/myfno,  and oh boy ! are we happy or what –> 8 out of last 10 picks given nice returns.

Just thought we should share these ideas with the myfno community & look forward to your views so we can all build F&O knowledge along the way

If you’ve been following us on twitter, hope you would have liked the below stock picks , if not, there should be more to come to choose from:) Wish us luck !

pics

Just to reiterate & to add a disclaimer here –> we love to design & build great softwares & are NOT in the business of stock recommendation / advisory. We are doing this stock picking purely at a goodwill and to showcase what the power of F&O data could do. 

Tweeting stock picks … using simple FnO tricks

Hi there !

Over the last month the markets have seemed to be turning up. And we’ve been trying to do some stock picks of late using simple F&O data analysis with no rocket science :). We have been tweeting these stock picks on twitter.com/myfno,  and oh boy ! are we happy or what –> 8 out of last 10 picks given nice returns.

Just thought we should share these ideas with the myfno community & look forward to your views so we can all build F&O knowledge along the way

If you’ve been following us on twitter, hope you would have liked the below stock picks , if not, there should be more to come to choose from 🙂 Wish us luck !

Just to reiterate & to add a disclaimer here –> we love to design & build great softwares & are NOT in the business of stock recommendation / advisory. We are doing this stock picking purely at a goodwill and to showcase what the power of F&O data could do. 

Latest pick –>

lets see where it can go
now lets see where it can go from here

RELIANCE

BHEL

COALINDIAJISJALEQS LTFH

CROMPGREAVE

NTPC JSWENERGY


IBREALEST

APOLLOTYRE

The PutCall graph – finding the option strike tipping point

The PutCall data at various strikes if seen as bar graphs ( especially the ‘change’ data) can give a birds-eye view of how the open interest is building up across Put/Calls at various strikes / expirys and where the buy-sell pressure should take place at which tipping point .

all explained in our one-pic selfies –>


putcall

 

 

 

putcallchg

markets look to sustain now & can rise from here as the putcall ratio seems to be turning up again ! 🙂

Powerful Alerts – F&O + Technicals in one screen !

We’ve now built a powerful yet simple ALERTS screen in myfno.com (under the ‘INFO’ menu) where you can get important alerts of F&O indicators +  Technical signals together in one screen during the live market also 🙂

  1. High/Lows (day/week/month/year) for F&O data like
    Price,  OI (Open Interest) , IV,  Basis,  Rollovers
  2. Volume spikes , bulk deals in futures/options
  3. Long/Short buildups
  4. Rankings changes,
  5. Technical signals –  MACD / Stochastic / RSI  etc.
  6. Candles – ( buy /sell patterns )
  7. Moving averagecrossovers /breakdowns )
  8. Trend reversals ( small/medium/long term)
  9. Pivot levels cross ( support/resistance levels)
  10. VWAP levels (above/below cross)

alerts

You can see these alerts filtered for any scripgroup/sector/watchlist

You can also show alerts just for Stock only (summarized F&O data of all 3 month contracts) or even individual contracts of Futures / Calls / PUts by pressing their respective underlined letters or choosing under the ‘Show’ menu

You can also customize your view to just show your specific set of alert categories.  This can be done by clicking the  + / –  buttons besides the category header to add/remove 5 rows at a time. and then you can save this view for re-use

Finally, you also have the power to do a quick find in the ‘find box’ by typing words to match in the set of alerts displayed eg.

  • you can type ‘year‘ to display only yearly high lows or
  • you can type a symbol say ‘ACC‘ to see all recent alerts of this stock or
  • type ‘cross’  to see all crossovers