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RELIANCE Open Interest Chart

RELIANCE Option Chain  

OI OI chg CE LTP Trnd ohl Strike ohl Trnd PE LTP OI chg OI
52K -1K(-0.95%) 106.55 (-21.55%) 1340 1.55 (0.05%) 4K(0.56%) 628K
264K -9K(-3.30%) 95.50 (-13.10%) 1350 1.90 (0.15%) -121K(-11.29%) 951K
201K 4K(2.04%) 87.35 (-15.65%) 1360 2.30 (0.20%) -8K(-0.91%) 815K
61K 0K(0%) 98.25 (-%) 1370 3 (0.35%) 7K(2.36%) 282K
234K -1K(-0.21%) 69.45 (-10.05%) 1380 4 (0.55%) 109K(8.22%) 1436K
210K -1K(-0.24%) 58.75 (-11.20%) 1390 5.05 (0.75%) -74K(-11.63%) 563K
2034K 25K(1.24%) 51.25 (-10%) 1400 6.60 (1.20%) -246K(-7.68%) 2958K
734K 21K(2.95%) 42.40 (-10.05%) 1410 8.30 (1.55%) 26K(2.12%) 1252K
1842K 90K(5.11%) 35.60 (-8.80%) 1420 10.90 (2.35%) -115K(-4.79%) 2277K
1696K 148K(9.56%) 28.90 (-8%) 1430 14.25 (3.30%) 36K(2.45%) 1483K
1852K 226K(13.87%) 22.90 (-7.10%) 1440 18.35 (4.35%) -97K(-5.02%) 1825K
4427K 735K(19.89%) 17.75 (-6.15%) 1450 23.35 (5.50%) -243K(-9.82%) 2232K
4239K 762K(21.90%) 13.90 (-4.90%) 1460 29.10 (6.50%) 173K(9.79%) 1940K
1947K 203K(11.64%) 10.55 (-3.95%) 1470 35.35 (7.10%) 51K(6.61%) 815K
2578K 217K(9.19%) 8 (-2.95%) 1480 42.95 (8.10%) 41K(8.96%) 493K
979K 30K(3.11%) 6.10 (-2.25%) 1490 51.95 (9.65%) -7K(-3.93%) 159K
6233K 567K(10.01%) 4.70 (-1.60%) 1500 60.05 (10%) 4K(0.25%) 1420K
529K 15K(2.92%) 3.50 (-1.15%) 1510 67.30 (10.65%) -10K(-22.73%) 34K
1739K 29K(1.67%) 2.50 (-0.85%) 1520 78.55 (12.05%) 16K(1.95%) 811K
739K 37K(5.20%) 1.95 (-0.50%) 1530 87.65 (11.20%) -3K(-5%) 48K
649K 35K(5.62%) 1.50 (-0.35%) 1540 83.65 (-%) 0K(0%) 38K
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.