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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%) - (-%) 3220 18.30 (1.75%) 41K(55.64%) 114K
0K 0K(0%) - (-%) 3240 20.90 (1.40%) 22K(14.02%) 181K
0K 0K(0%) - (-%) 3260 24.30 (1.65%) 13K(18.77%) 81K
3K 1K(21.43%) 181.95 (-2.35%) 3280 28.50 (1.65%) 13K(29.51%) 55K
74K -13K(-15.12%) 166.90 (-2%) 3300 33.25 (1.85%) 45K(7.67%) 631K
12K 5K(88.57%) 150.70 (-3.45%) 3320 38.55 (1.80%) 13K(21.71%) 75K
18K 5K(43.06%) 136.95 (-3.05%) 3340 45.10 (2.40%) 20K(26.44%) 96K
22K -4K(-15.44%) 124.40 (-2.95%) 3360 51.30 (1.70%) 13K(9.45%) 150K
49K 9K(24.11%) 112.80 (-2%) 3380 59.20 (2.40%) 6K(7.23%) 93K
486K 42K(9.41%) 101.30 (-1.30%) 3400 67.75 (2.70%) 37K(5%) 782K
127K 16K(14.72%) 90.45 (-1.70%) 3420 77.05 (3.10%) 7K(3.98%) 178K
353K 66K(22.97%) 80.50 (-1.60%) 3440 86.75 (3.15%) 32K(8.28%) 417K
550K 30K(5.76%) 71.50 (-1.15%) 3460 97.10 (2.55%) 18K(6.16%) 308K
422K 18K(4.32%) 62.95 (-1.05%) 3480 108.40 (2.75%) 14K(15.87%) 102K
1707K 347K(25.46%) 55.70 (-0.75%) 3500 121.10 (3.35%) 39K(9.87%) 429K
284K 164K(136.50%) 47.85 (-1.40%) 3520 134.95 (4.40%) 12K(39.18%) 42K
128K 19K(17.85%) 41.80 (-1%) 3540 148.90 (4.35%) 3K(12.98%) 26K
131K 8K(6.09%) 36.15 (-0.95%) 3560 159.70 (-7.25%) 1K(1.82%) 29K
61K 5K(8.81%) 31.20 (-0.65%) 3580 175.45 (2.75%) 0K(0%) 12K
886K 47K(5.59%) 26.90 (-0.80%) 3600 192 (4.45%) 4K(2.19%) 188K
103K 4K(3.89%) 23 (-0.40%) 3620 208.60 (22.95%) -1K(-9.38%) 5K
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.