Open Interest Analysis Software or Analysis Tool to Predict Stock Market Trends in India ! Free Demo Available
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Use the Open Interest Analysis Tool to predict the direction and trend in the market and to see whether investors are more interested in writing the call options or put options. Download free version of Open Interest Analysis Software and Book Demo today
What is Open Interest in Options in India ?
Before we understand Open Interest Analysis Software India, let's understand what open interest is. Open interest is also known as OI in the stock market. It is the total number of the options or futures contracts of a specific financial asset or index that are yet not executed on a specific trading day. Open interest data helps traders know whether the stock will continue the trend or will get a reversal. Using Open Interest Analysis Tool, you will get information with regards to the market sentiment, which is a good indicator of future price movement
Open Interest Analysis Software for Traders in India
Many financial institutes are providing the Open Interest Analysis Tool for free and with subscriptions. Traders must use Open Interest Analysis Software along with technical analysis. Traders must check both of them, the open interest data and the technical parameters of the underlying asset, at the end of the trading day. Those stocks in the options and futures segment with high open interest are good indications of the direction and trend of the market in India
It is not as easy as you might think; it requires a lot of experience to identify the open interest build-up at the different stages of the contract's expiry. Every trader must carefully analyze the data for accurate judgments with the help of Open Interest Analysis Tool in India.
Open interest indicates the liquidity of the options market. Open interest measures activity in the market and how the money is flowing in the market. A high open interest means that a large number of the contracts are still open, and traders have a chance of entering the market, and a low open interest means only a few are open. The Open Interest Analysis Software helps you to measure market movements and indicate stock price movement
General Rules of Open Interest Analysis Tool India
Many traders believe that volume precedes price; based on this theory, both volume and open interest indicate price movement. Please find the general rule of Open Interest Analysis Software for free in India. It will help you get a position in the market.
The Open Interest Analysis Software India uses various charts to represent the data, such as bar charts, bubble charts, etc. you can choose your chart for analysis. The charts' highest and lowest peaks will help traders know the support and resistance levels of the underlying stock. It will give you a brief idea of whether traders are writing the call options or put options, and based on that, you can make various strategies such as bear call spread, bull put spread, etc.
To use the Open Interest Analysis tool in India for free, sign up on the software's official website, or ask your broker if he has the one for you. The next step is to select the company whose stock you want to analyze, then choose a date of expiry, and you will find the detail in the graphical form. Graphical representation is easy to interpret.
On a lighter note, you should not base your option trading strategies on only one of the analyses, such as Open Interest Analysis Software India; use another 2 or 3 indicators to increase your chances of profit. Book demo for Talkdelta Open Interest Analysis tool from our website and get detail information about it.