Nifty options total change in open interest is derived by adding all the cumulative change in open interest for all the strike price. Total change in OI can help in finding the overall bullishness and bearishness in the market. Which can be very helpful for those trading in nifty future and option.
[LIVE] Nifty Options Total Change in OI:
How to use Nifty Options Total Change in OI:
- If nifty is trading higher and total call OI is reduced and puts OI is rising. Then it is an extremely bullish sign.
- If nifty is trading lower and total call OI is increasing and puts OI is reducing. Then it shows the market is extremely bearish.
- If nifty is trading higher and total put OI is increasing more than the call OI. Then the market will be slightly bullish.
- If nifty is trading lower and total call OI is rising more than the put OI. Then the market can be slightly bearish.
Options trading is risky if your breakeven is wide. You can only reduce breakeven point if your brokerage is super low. How about buying nifty 11800 call option at 68 and selling it at 69 you are still making a profit. Simply open a lowest brokerage trading account with us.
About