Introduction
The Intraday OI Breakup feature provides real-time OI data along with other relevant information for informed trading decisions.
Basic Terms
a) OI (Open Interest): Represents the total number of outstanding futures or options contracts.
b) VWAP (Volume Weighted Average Price): Reflects the average price of trades, weighted by volume.
c) Volume: Represents the total number of contracts traded during the selected time intervals.
Video explanation:
Why use it?
-> Intraday OI Breakup feature provides traders with real-time data to monitor market activity, identify trends, and assess sentiment. It helps users make well-informed trading decisions.
Navigation:
Analysis-> Instrument Overview-> Open Interest-> Intraday OI Breakup
How to use it?
-> Select the expiry, call (ce), and put (pe) strike prices, and their preferred time interval (e.g., 3, 5, 10, 15, 30, or 60 minutes).
-> Use the table with essential data points, allowing traders to analyze OI changes, price movements, volume, and more.
FAQs:
1) How can I interpret OI changes in the Intraday OI Breakup feature?
-> Increasing OI suggests rising interest and potential market moves. Decreasing OI may indicate reduced activity. Watch for correlation with price and volume changes.
2) What is the significance of VWAP in trading?
-> VWAP helps traders identify average price levels based on both volume and price data. It can serve as a reference for assessing trade execution.
3) How frequently can I update the data in the Intraday OI Breakup feature?
The feature provides various time intervals (e.g., 3, 5, 10, 15, 30, or 60 minutes) for data updates, allowing users to choose the level of granularity that suits their trading strategy.
Additional Resources
a) Understand market direction using buildup data -> Link
Support
For further support and understanding join our trading community group-> Telegram Link
Disclaimer
The videos and content on this platform are purely for educational purposes to showcase the Stolo product and help people understand how the product works. We will not be responsible for your profit and loss. Please consult with your investment advisor before making any financial decisions.