Find the trend of Nifty future, the below application uses nifty spot data and the nearby out of money nifty call and put option. The main criterion behind the trend calculation is the difference between the spot price and the strike price of the call and put option if the premium is more than the difference value it will determine the trend.
The accuracy of this tool is high enough to help traders determine the trend based on the Options open interest data.
How to use Nifty future trend finder:
- Enter Nifty Spot price.
- Enter the current price of call option of strike shown there.
- Then enter CMP of put option shown below.
- Just press Find Trend button.