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ICICIBANK Open Interest Chart

ICICIBANK Option Chain  

OI OI chg CE LTP Trnd ohl Strike ohl Trnd PE LTP OI chg OI
1K 0K(0%) 108.45 (-%) 1330 2.55 (0.40%) 22K(39.74%) 76K
29K 0K(0%) 115.35 (-%) 1340 3.25 (0.55%) 31K(15.55%) 229K
48K 0K(0%) 104.65 (-%) 1350 4.15 (0.80%) 39K(19.23%) 239K
52K 0K(0%) 85 (-24.30%) 1360 5.25 (1.10%) -5K(-1.20%) 405K
17K -4K(-17.24%) 79.80 (-18.40%) 1370 6.65 (1.40%) -22K(-12.76%) 148K
63K -6K(-9.09%) 68 (-10.75%) 1380 8.50 (2%) 28K(6.78%) 441K
44K 11K(34.04%) 59.70 (-10.40%) 1390 10.45 (2.25%) -18K(-6.74%) 242K
365K 57K(18.68%) 52.70 (-10%) 1400 13.05 (2.85%) 44K(3.09%) 1471K
113K 34K(42.48%) 45.10 (-10.20%) 1410 16 (3.35%) 48K(13.23%) 407K
834K -3K(-0.33%) 39.30 (-8.40%) 1420 19.50 (4.05%) -73K(-7.74%) 867K
653K 116K(21.48%) 33.45 (-7.85%) 1430 23.65 (4.75%) 132K(18.77%) 837K
1128K 407K(56.50%) 28.35 (-7.20%) 1440 28.35 (5.45%) -17K(-1.80%) 916K
1705K 198K(13.14%) 23.60 (-6.55%) 1450 33.90 (6.50%) 46K(5.39%) 890K
1415K 217K(18.12%) 19.45 (-5.95%) 1460 39.40 (6.85%) -126K(-20.69%) 483K
832K 223K(36.51%) 15.95 (-5.15%) 1470 45.70 (7.50%) -50K(-22.47%) 172K
975K 153K(18.55%) 12.90 (-4.40%) 1480 52.80 (8.30%) -21K(-13.45%) 135K
320K 89K(38.48%) 10.40 (-3.75%) 1490 59.95 (8.70%) 1K(2.50%) 57K
2348K 214K(10.04%) 8.35 (-3.25%) 1500 68.55 (10.05%) 209K(145.85%) 353K
330K 158K(91.09%) 6.65 (-2.60%) 1510 65.95 (-0.55%) 0K(0%) 88K
396K 59K(17.46%) 5.20 (-2.20%) 1520 85.20 (11.20%) 6K(4.94%) 119K
165K 30K(22.28%) 4.05 (-1.85%) 1530 78.60 (-%) 0K(0%) 1K
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.