Nifty options are the most popular instrument to make a lot of money in trading. Nifty futures and options have the highest turnover than any other instrument traded on the stock exchange. Nifty option traders look for open interest to make any trading decisions. So, it is very important to study nifty options open interest on a regular basis.
How to use Nifty Options open interest:
After almost 1.5 years, I am again sharing the live open interest excel sheet. Previously we were unable to get a source from which we get live open interest data. This excel sheet will show you strike price and open interest for both nifty call options and nifty put options.
This excel-based open interest tracker is a live trend finding tool, that gets you only nifty options open interest on the realtime (live) basis.
All you need to do is just download the excel sheet and follow the procedure in the file. Live open interest for nifty will auto-refresh every 5 minutes.
Using Nifty options open interest you can very accurately find the areas of support and resistance. Also if you are an experienced trader then, you can write options during the expiry week.
How to work with this excel sheet?
This file will work for Nifty all expiry series and on the day of expiry, I will share next month’s file and give you an update. Here is one of the most profitable nifty options trading strategy based on open interest. Those who follow it strictly can get decent returns in the current market scenario.
Also, we would like to remind our readers, that we have started a low brokerage trading account service. All those traders who are still paying high brokerages can fill the form here and one of our staff members will guide you.