There is a lot one can observe in the changes of the total combined OI across Puts and Calls .. and the divergence in their OI trends /flow indicates where bulls/bears coming in or where support / resistance levels being formed by writers confident at those levels
see the pic below to see some examples on how the interpretation is done :
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.
this is a intraday price/oi/volume chart just after expiry.. showing positions being built up at the beginning …. the importance of OI trends in just comes across cleanly in this one pic!
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 –>
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 –>
markets look to sustain now & can rise from here as the putcall ratio seems to be turning up again ! 🙂
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 🙂
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.
We may have all heard people saying that maximum money is made in the first few minutes or the last few minutes of trade. But how to identify such opportunities and scan for this kind of high price/volume/oi action one needs the right tools and the keen insight to read such info.
In www.myfno.com we have created one such critical tool that can help you in just this.
In our app, you can actually see the %CHANGE in price/volume/oi between any custom time frame / interval.
So if in the last 15 minutes of trading session, if we set this %chg parameter to say 5 minutes from the interval menu as shown in the pic, then we can precisely see any action happening in just that last X minutes chosen, so any sharp price/volume/oi spikes are visible & can be used as a base to identify the high %chg stocks.
Essentially we can identify where positions are being taken at the end of the day by the ‘smart traders’ for selling the next day ( BTST – buy today , sell tomorrow )
Now these 5/10 min %chg we can see in many screens like
I personally like to see the AdvanceDecline screen in myfno.com because besides the %chg, it also groups the stocks sectorwise, so i can see if the whole sector is also where the ‘smart money’ is moving in.
How to identify and what to look out for i’ve explained in this selfie – self explanatory one-page pic 🙂
some more candidates we identified with this funda so you could get a better idea of how to use this with more examples –>
We have created a readymade template for you to see price/oi/vol in advancedecline in a 10 min timeframe. Members can Just click on this link to see it live in action –>
MyFnO specializes in F&O data / indicators and it is for a reason.
These parameters add that extra edge into chart reading and can signal important trigger points for a trend change
the definitions of F&O indicators we’ve already laid out in our post on our post–>
F&O data … the basic fundas
and how best to make use of these F&O indicators is best laid out with some examples in our one-page pic –> ‘selfie’ explainatory 🙂
( click image below to zoom into image –> )
you can see all these parameters combined in the ‘charts’ module also –>
OR
you can also see them one by one overlayed in the ‘trends’ module–>
MyFnO Mantras 
