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HDFCBANK Open Interest Chart

HDFCBANK Option Chain  

OI OI chg CE LTP Trnd ohl Strike ohl Trnd PE LTP OI chg OI
78K -1K(-1.39%) 218.75 (-32.60%) 1740 0.75 (-0.05%) -8K(-1.51%) 540K
23K -1K(-2.38%) 189 (-8%) 1760 0.95 (-%) -6K(-1.16%) 469K
21K 0K(0%) 185.95 (-%) 1780 1.20 (-0.15%) 2K(0.92%) 180K
178K 0K(0%) 153.85 (-6.20%) 1800 1.50 (-0.05%) 3K(0.19%) 1478K
62K 0K(0%) 154.30 (-%) 1820 2 (0.10%) 8K(1.72%) 455K
90K 17K(23.31%) 111.80 (-18.55%) 1840 2.55 (0.20%) 81K(17.50%) 543K
94K 2K(1.79%) 95.60 (-9.40%) 1860 3.40 (0.25%) 37K(2.78%) 1382K
183K 13K(7.42%) 76.40 (-6.80%) 1880 5.20 (0.35%) 32K(5.02%) 668K
752K -2K(-0.29%) 57.70 (-8.40%) 1900 8.40 (1.05%) 30K(1.27%) 2375K
1039K 51K(5.12%) 43.10 (-7.10%) 1920 13.15 (1.55%) -7K(-0.54%) 1310K
3202K 348K(12.18%) 30.05 (-6.50%) 1940 20.20 (2.70%) 144K(5%) 3012K
3512K 145K(4.30%) 19.65 (-5.30%) 1960 29.65 (4%) -239K(-10.97%) 1941K
3766K 124K(3.41%) 12.15 (-4%) 1980 42.20 (5.70%) -79K(-6.53%) 1133K
6939K -273K(-3.78%) 7.25 (-3%) 2000 57.30 (6.60%) -86K(-7.67%) 1039K
1508K 13K(0.85%) 4.35 (-1.85%) 2020 73.40 (7.85%) 6K(2.85%) 199K
2140K -87K(-3.93%) 2.50 (-1.20%) 2040 92.50 (8.85%) -2K(-1.09%) 199K
1113K 58K(5.47%) 1.65 (-0.80%) 2060 109.35 (8.10%) 20K(13%) 172K
793K -30K(-3.67%) 1.15 (-0.60%) 2080 116.30 (-5.70%) 1K(2.63%) 21K
2456K -279K(-10.20%) 0.95 (-0.45%) 2100 129.05 (-%) 0K(0%) 67K
961K -20K(-2.07%) 0.75 (-0.25%) 2120 - (-%) 0K(0%) 0K
436K 6K(1.41%) 0.60 (-0.10%) 2140 - (-%) 0K(0%) 0K
Open Interest data is updated by the exchange every 3 minutes in many strikes, and every minute in some strikes. Real-time data on OI is not released by the exchange and no vendor or broker has real-time OI data

Open Interest (OI) strategy is a trading approach that uses open interest data to make informed trading decisions in futures and options markets. Open interest refers to the total number of outstanding derivative contracts (like options or futures) that have not been settled.


Key Open Interest Strategies

  1. Trend Confirmation
  • If price and OI are both increasing, it signals a strong trend continuation (bullish if prices are rising, bearish if prices are falling).
  • If price is rising but OI is falling, it suggests a weakening trend, meaning the rally may not sustain.
  • If price is falling but OI is rising, it indicates strong bearish momentum.
  1. Reversal Indication
  • If price is rising but OI is stagnant or declining, it may indicate an upcoming trend reversal.
  • If price is falling and OI is declining, it suggests short covering, meaning a potential bounce back in price.
  1. Breakout Trading
  • A breakout with high OI and volume suggests strong conviction behind the move.
  • A breakout with low OI may be a false breakout and could reverse.
  1. Support & Resistance Levels
  • High OI at a certain strike price in options can act as strong support or resistance levels.
  • Unwinding of positions (drop in OI) near key levels may indicate a breakout or breakdown.

Practical Use of OI in Options Trading

  • Put-Call Ratio (PCR): High PCR (above 1) suggests excessive put buying, which may signal oversold conditions. Low PCR (below 0.5) suggests excessive call buying, which may indicate an overbought market.
Open Interest Analysis :
LBld=>LONG BUILDUP (More Call/Put Buying)=> Increase in price with increase in OI . It means people are taking positions assuming price will go up.
LUnw=>LONG UNWINDING => Fall in price with fall in OI. This shows Long positions are now getting exhausted and people are starting to book profits , assuming rally is about to over.
SBld=>SHORT BUILDUP (More Call/Put Writing)=> Fall in price with increase in OI. It means people are taking short positions , assuming price will go down.
SCov=>SHORT COVERING => Increase in price with fall in OI. Short positions are getting decreased and people are booking profits and expecting reversal.


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Warning! Data is Not Realtime. Data is 1 min delayed. Realtime Trading is not recommended with this data.