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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
0K 0K(0%) - (-%) 1780 1.20 (-0.10%) 1K(0.67%) 165K
185K -12K(-5.87%) 194.25 (-15.10%) 1800 1.40 (-0.20%) -20K(-1.42%) 1410K
0K 0K(0%) - (-%) 1820 1.80 (-0.20%) -10K(-1.38%) 708K
35K 1K(1.61%) 160.15 (0.40%) 1840 2.50 (-0.30%) 17K(5.67%) 307K
94K 1K(0.59%) 142.85 (2.35%) 1860 3.50 (-0.40%) -20K(-4.06%) 481K
67K 1K(1.68%) 117.15 (-5.95%) 1880 4.85 (-0.55%) 5K(0.99%) 504K
347K 12K(3.61%) 105.50 (0.55%) 1900 6.95 (-0.70%) 57K(3.54%) 1671K
205K -3K(-1.32%) 88.95 (1.05%) 1920 9.65 (-0.95%) 19K(2.87%) 670K
589K 7K(1.23%) 72.05 (-0.40%) 1940 13.55 (-1.15%) 59K(5.24%) 1192K
760K 32K(4.46%) 57.30 (-0.75%) 1960 18.85 (-1.40%) -36K(-2.61%) 1355K
879K 106K(13.66%) 44.25 (-1.40%) 1980 25.80 (-1.55%) 21K(1.57%) 1384K
2745K 167K(6.49%) 33.25 (-1.45%) 2000 34.35 (-1.90%) 140K(8.42%) 1799K
3724K 229K(6.56%) 23.65 (-1.05%) 2020 44.70 (-1.90%) -12K(-1.63%) 697K
2175K 120K(5.86%) 16.85 (-0.85%) 2040 57.80 (-1.40%) -39K(-6%) 603K
3163K 83K(2.70%) 11.40 (-0.80%) 2060 71.75 (-1.75%) 1K(0.61%) 182K
1092K 102K(10.27%) 7.80 (-0.60%) 2080 88.30 (-1.35%) 4K(2.46%) 161K
2967K -230K(-7.21%) 5.35 (-0.40%) 2100 106.35 (-0.85%) -30K(-10.80%) 245K
539K 3K(0.62%) 3.70 (-0.35%) 2120 128 (6.35%) 2K(6.15%) 38K
366K 21K(6.23%) 2.55 (-0.20%) 2140 138.75 (-%) 0K(0%) 40K
438K 32K(7.86%) 1.85 (-0.10%) 2160 164.25 (1.75%) 1K(1.92%) 29K
172K 4K(2.29%) 1.25 (-0.15%) 2180 171.95 (-%) 0K(0%) 3K
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.