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TCS Open Interest Chart

TCS Option Chain  

OI OI chg CE LTP Trnd ohl Strike ohl Trnd PE LTP OI chg OI
0K 0K(0%) - (-%) 3180 17.05 (2.70%) 16K(21.71%) 87K
64K 15K(30.94%) 207.20 (-22.90%) 3200 20.55 (3.30%) 121K(15.21%) 919K
4K 0K(0%) 188.40 (7.70%) 3220 23.75 (3.50%) -18K(-14.75%) 101K
4K 4K(2100%) 174.40 (-20.70%) 3240 27.75 (4.15%) -20K(-11.49%) 156K
4K 4K(0%) 160.65 (-25.75%) 3260 32.30 (4.40%) 38K(32.14%) 155K
12K -0K(-1.39%) 144.25 (-21.15%) 3280 37.55 (4.95%) 75K(103.90%) 146K
208K 53K(34.35%) 131.40 (-18.85%) 3300 43.70 (5.70%) 232K(25.57%) 1140K
26K 12K(85.19%) 118.50 (-18.15%) 3320 50.15 (6.55%) 26K(30.93%) 111K
46K 21K(82.64%) 104.40 (-18.55%) 3340 57.60 (7.15%) 26K(21.53%) 144K
107K 72K(207.04%) 94.40 (-15.55%) 3360 65.85 (7.85%) 54K(25.31%) 266K
186K 122K(192.29%) 82.70 (-15.80%) 3380 74.90 (9.20%) 99K(53.65%) 284K
1389K 427K(44.39%) 72.60 (-14.80%) 3400 84.80 (10.10%) 158K(17.30%) 1068K
384K 83K(27.53%) 63.30 (-13.95%) 3420 95.15 (10.55%) 3K(1.23%) 275K
556K 90K(19.38%) 54.55 (-13.35%) 3440 106.65 (11.85%) 64K(12.41%) 577K
775K 73K(10.40%) 47.15 (-11.95%) 3460 119 (12.80%) 6K(2.01%) 311K
501K -40K(-7.47%) 40.35 (-10.75%) 3480 131.80 (13.90%) 2K(2.16%) 116K
2606K 465K(21.70%) 34.55 (-10%) 3500 146.55 (15.05%) 95K(18.96%) 593K
431K 115K(36.55%) 28.90 (-8.95%) 3520 160.35 (15.65%) -2K(-5.49%) 42K
221K 69K(45.22%) 24.40 (-7.90%) 3540 176.30 (17.15%) -1K(-4.55%) 26K
216K 39K(21.92%) 20.45 (-7.15%) 3560 191.25 (16.65%) 0K(1.08%) 33K
139K 43K(45.24%) 17.20 (-6.10%) 3580 209.40 (16.15%) 1K(4.40%) 17K
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.