Whether OI works for intraday trading ?

Whether OI useful ?

No one has a exact answer. But one effective way to make use OI in a very different perspective - OUT OF THE BOX from Traditional method

Read the full thread 🧵

Kindly RETWEET & share so it can reach many traders

I do Live Market session every Monday to Friday by 09:00 a.m to 01:00 pm . Also i share important support /resistance levels of Banknifty & Nifty on the Telegram Channel. FOLLOW US @learntotrade365

Join the Telegram Channel - https://t.co/VU0bCGAX9s

Scroll down 👇
This is a EOD OI graph of ICICIBANK. Here i am trying to focus on strike price which has more than 2x OI comparing CE vs PE of individual strikes.

Below 880 strike CE vs PE in which 880 CE has 2x more OI (more writers) compare to 880 pe.

Read the message in the image

Scroll 👇
From the above OI graph of EOD 04/09 NOW refer the chart below of the same ICICIBANK for 05 sep

Main focus is not to take 880 levels as resistance just because of more CE OI. My focus if 880 is easily crossing and closing above it to open a bullish opportunity

Scroll👇
EOD OI graph of Bajaj Auto. Here i am trying to focus on strike price which has more than or equal 2x OI comparing CE vs PE of individual strikes.

Below 4000 strike CE vs PE in which 4000 PE has 2x more OI compare to 4000 CE.

Read the content in the below image

Scroll👇
From the above OI graph of EOD 04/09 NOW refer the chart below of the same BAJAJ AUTO for 05 sep

Main focus is not to take 4000 levels as SUPPORT just because of more PE OI. My main focus if 4000 is easily crossing and closing below it to open a bearish opportunity

Scroll👇
EOD OI graph of ADANI ENT. Here i am trying to focus on strike price which has more than or equal 2x OI comparing CE vs PE of individual strikes.

Below 3400 strike CE vs PE in which 3400 CE has 3x more OI compare to 3400 PE.

Read the content in the below image

Scroll👇
From the above OI graph of EOD 05/09 NOW refer the chart below of the same ADANI ENT for 06 sep

Main focus is not to take 3400 levels as resistance just because of more CE OI. My focus if 3400 is easily crossing and closing above it to open a bullish opportunity

Scroll👇
EOD OI graph of BAJAJ AUTO. Here i am trying to focus on strike price which has more than or equal 2x OI comparing CE vs PE of individual strikes.

Below 3900 strike CE vs PE in which 3900 PE has 3x more OI compare to 3900 CE.

Read the content in the below image

Scroll👇
From the above OI graph of EOD 06/09 NOW refer the chart below of the same BAJAJ AUTO for 07 sep

Main focus is not to take 3900 levels as SUPPORT just because of more PE OI . My focus if 3900 is easily crossing and closing below it to open a bearish opportunity

Scroll👇
End of the thread

If you find this useful follow us @learntotrade365 and Kindly RETWEET the first tweet of this thread. Your support is very important

Join the Telegram Channel - https://t.co/VU0bCGAX9s

Kindly do check the below MEGA learning thread 👇
https://t.co/1VnfNSjnwh

More from Learn to Trade

6 different INTRADAY TRADING STRATEGIES which can change your trading.

After more than 8 years of market experience i am sharing these effective intraday strategies.

Spend few minutes of your time to understand

Thread 🧵 RT for wider reach

Scroll down👇

1/8


Intraday Strategy 1 - VWAP & Pivot Based


Intraday Strategy 2 - Price Action strategy without


Intraday Strategy 3 - Price Based


Intraday Strategy 4 - Open Interest based

More from All

॥ॐ॥
अस्य श्री गायत्री ध्यान श्लोक:
(gAyatri dhyAna shlOka)
• This shloka to meditate personified form of वेदमाता गायत्री was given by Bhagwaan Brahma to Sage yAgnavalkya (याज्ञवल्क्य).

• 14th shloka of गायत्री कवचम् which is taken from वशिष्ठ संहिता, goes as follows..


• मुक्ता-विद्रुम-हेम-नील धवलच्छायैर्मुखस्त्रीक्षणै:।
muktA vidruma hEma nIla dhavalachhAyaiH mukhaistrlkShaNaiH.

• युक्तामिन्दुकला-निबद्धमुकुटां तत्वार्थवर्णात्मिकाम्॥
yuktAmindukalA nibaddha makutAm tatvArtha varNAtmikam.

• गायत्रीं वरदाभयाङ्कुश कशां शुभ्रं कपालं गदाम्।
gAyatrIm vardAbhayANkusha kashAm shubhram kapAlam gadAm.

• शंखं चक्रमथारविन्दयुगलं हस्तैर्वहन्ती भजै॥
shankham chakramathArvinda yugalam hastairvahantIm bhajE.

This shloka describes the form of वेदमाता गायत्री.

• It says, "She has five faces which shine with the colours of a Pearl 'मुक्ता', Coral 'विद्रुम', Gold 'हेम्', Sapphire 'नील्', & a Diamond 'धवलम्'.

• These five faces are symbolic of the five primordial elements called पञ्चमहाभूत:' which makes up the entire existence.

• These are the elements of SPACE, FIRE, WIND, EARTH & WATER.

• All these five faces shine with three eyes 'त्रिक्षणै:'.

You May Also Like