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Nifty future analysis with volume and open interest

By Bhaveek Patel 48 Comments

A new analysis for Trading Nifty Future, traders must know what is relation between open interest and trading volume. Today I will explain this with a tutorial, now for open interest you can refer to open interest article. Once you are clear with open interest we will continue with its relation to trading volume.

How is volume important?

Now according to Dow Theory, when ever markets start to build up trends volume is highly watched as it directly reflects traders (speculators) and investors participation in the market. This move continues till we see fading of the current trend or when there is some unexpected change in fundamentals. In technical analysis trading volume always precedes price of underlying, so looking at these volumes one can predict that trend is weakening and may reverse. For trading with volume you must always remember these points:

  • When volume is high – Trend is likely to continue.
  • When volume is low – Trend may reverse / Pullback.

Now let me show you how you can relate trading volume, open interest and price action. For this you need to have your concept of open interest clear.

Follow the cheat sheet to get clear idea of open interest, volume and price action:

Volume Open Interest Price Action Conclusion
Rising Rising Rising Strong Market
Falling Falling Rising Market Loosing Strength
Rising Rising Falling Weak Market
Falling Falling Falling Market Gaining Strength

So next time, when you are trading nifty future remember to look at nifty future trading volume and open interest of nifty future. Traders, the open interest we are talking about is of nifty future and should not be misunderstood with nifty options open interest. Friends add your comment below or join us on Facebook and Twitter.

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Category: Nifty Tags: Nifty Future/ Open Interest/ Trading Volume

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. Rudra sengupta says

    Thank you sir,….but, where can i get all this Nifty fut: data…?

    Reply
    • Bhaveek Patel says

      Sir, for nifty future price action and volume you can see it on eod charts. But for open interest you need to go manually to nse website. I am also working on data source to prepare a EXCEL sheet that will display this data together.

      Regards,
      Bhaveek Patel

      Reply
  2. Darshan Sharma says

    Bhaveek you are working on excel sheet, can you share it once it is done. I am keen to know open interest on single page.

    Reply
  3. N S VASAN says

    IF ANYONE IS INTERESTED IN EXCEL BASED TRADING SOFTWARE U CAN MAIL ME.

    Reply
    • nadeem says

      Dear Sir,

      Kindly send me Excel based trading Software om my email id [email protected]

      Reply
      • Bhaveek Patel says

        Nadeem sir, mail has already been sent kindly check.

        Regards,
        OurNifty.com Support Team.

        Reply
        • Karuna says

          Dear Bhaveek,

          Could you please send me the excel trading software to me as well.

          Thanks in advance.

          Regards
          Karuna

          Reply
        • Sunil says

          Sir, good to see an Excel based trading software.

          Can you share the same with me on my G Ma il ID

          [email protected] m a il.com

          Many Thanks,
          Sunil.

          Reply
        • pady says

          hi bhavik sir can i get the open interest data u prepared in exel shit please

          Reply
      • Saravanan says

        Kindly send me the excel based trading software to my email id as mentioned.

        Once again thanks for your support !!!!

        Reply
    • mann says

      sir

      I want exel based trading software so kindly send me on my email.

      thanks

      Reply
    • Suresh says

      kindly mail me

      Reply
    • Brajesh Sayem says

      Dear Mr. Vasan,
      please send me the Excel based trading software.

      Reply
    • Rajiv Bansal says

      I need Excel Base Trading Software

      Reply
    • Alok Jain says

      Sir, good to see an Excel based trading software.

      Can you share the same with me on my G Ma il ID

      Many Thanks,
      alok Jain

      Reply
    • mahesh says

      Plz send excel based in my mail

      [email protected]

      Reply
    • Ashok Dayal Advani says

      yes interested,

      Reply
    • Sachin says

      Can you share the same with me on my Gmail Id
      [email protected]

      Many Thanks,
      Sachin
      .

      Reply
    • Samit says

      Please share the link

      Reply
  4. parag malkan says

    at what percentage level can we confirm …long unwinding…long build up…..short covering….short build up

    Reply
    • Bhaveek Patel says

      Hi Parag, Change in open interest is mostly seen when stock / index trades around a support resistance level or when it is ready for a breakout. At such levels if you see much bigger change in open interest then that can confirm you of a direction using volumes open interest and trend correlation. I don’t see percentage level helps to do so.

      Let me share an example: If nifty is trading up today, open interest also up and volumes in market also up, then we conclude that long positions were added to nifty future. It has noting to do if open interest jumps 5% or 10% or 20%. But higher the open interest we say more traders are taking long side positions in nifty future.

      Parag let me know if you need any help from me.

      Reply
  5. ajay says

    Dear Sir,

    kindly request how to see openinterest for nifty future and option trading and Kindly send me Excel based trading Software om my email id

    thankyou.

    Reply
  6. sanjay says

    Sir, I want watch price volume and open interest of stock. Where I can see these online at market hours. Is these are in your excel sheet, If yes please send me in my email. I am intraday trader. Thanks

    Reply
  7. Hitesh Taparia says

    Plz mail me the excel file .

    Reply
  8. ALpesh says

    Kindly send me Excel based trading Software om my email id

    Reply
  9. Abhijit Bhowmick says

    Please send me excel base trading software

    Reply
  10. Ajay says

    Sir,

    Pl send me the excel sheet and further inputs on how to trade futures by openinterest , volume and price action

    Reply
  11. Manish says

    Kindly send me Excel based trading Software om my email id….

    Reply
  12. Jeyaraman says

    Kindly send me excel based trading software

    Thanks and regards,
    Jey

    Reply
  13. akshay says

    dear sir,
    can u send me excel based trading software .
    thanks
    akshay

    Reply
  14. Hari Lulla says

    Sir, Please send me excel base trading software

    Reply
  15. RAJNEESH KUMAR SINGH says

    Dear Bhaveek,

    Could you please send me the excel trading software to me as well.

    Thanks in advance.

    Reply
  16. shankar reddy says

    Sir, kindly send me excel based trading software to my mail id to see open interest in single sheet

    Reply
  17. V. Khatha says

    Kindly please email me excel based trading software to my mail id to see open interest. Thanks

    Reply
  18. Muhammed Raza says

    Dear Bhaveek Patel,

    I have a query, this is understood that if along with OI and Vol increases, market is Bullish.
    My question is, what if (OI of Put) increases along with (Call Price) but volume of both (Call and Put) are on a decline?

    What i want to say is, there is a traditional interpretation of OI, that OI and Vol are always in sync. What if its not.

    Kindly enlighten me.

    Reply
  19. singaramani says

    Sir, kindly send the excel to my email id.. [email protected]

    Reply
  20. yogesh says

    Bhavin sir, pls send me excel based trading software

    Reply
  21. lakshman says

    in cheat sheet generically its mentioned as OI , volume,etc..but could you elaborate with OI ( call & put) , volume ( call & put) increase & decrease details.

    Reply
  22. Ketan says

    Please send me excel sheet for open interest and your excel based trading software .I am a trader in options.

    Reply
  23. H R Shah says

    Sir, kindly send the excel to my email id.. [email protected]

    Reply
  24. Partha says

    Respected Sir,

    I also need the excel trading software, please send me. I’ll get a ray of hope in stock market, if it works for me.
    Kindly send me to my mail id [email protected]

    Thanks and Regards,
    Partha

    Reply
  25. Jeyvent says

    Dear Bhavik SIr,

    Good Day!!!

    Pls send me the excel based trading sheet. Jeyvent (at ) g m a i l ( dot ) c o m

    Thank you in advance

    Regards,

    Jayawant

    Reply
  26. Ashok Advani says

    Dear Sir,
    please email the excel sheet software.my email address is [email protected]
    Thx
    Rgds

    Reply
  27. Dipanjan Mitra says

    Dear sir, I humbly request you to send the OI and VOL combined excel sheet which you made to my email ID at [email protected]

    Reply
  28. Anjani Singh says

    Hello Sir,

    Please share the Excel Nifty future analysis with volume and open interest at my email-id.

    Reply
  29. dipak maniyar says

    kindly mail me sir your excelsheet its help me.

    Reply
  30. gpsdhir says

    please share excel sheet shoeing live oi
    rgds
    gps dhir

    Reply
  31. VINNAY NALAAWADE says

    i want your excel made open interest software on my email id –

    Reply

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