1. Last Updated Time
The first column shows the last updated time.
2. Call Side Open Interest
The second column is divided by the current call side Open interest of Nifty Bank.
3. Put Side Open Interest
The third column is divided by the current put side Open interest of Nifty bank.
4. Change in Open Interest (OI)
The change in OI of the call side and the change in OI of the put side are displayed. If the value is more than one, there is a possibility that the market may go up. If it is less than one, the market may go down. A PCR value of less than one signals "buy put," and a value of more than one signals "buy call."
5. VWAP Signal
If the VWAP price is above the strike price, the signal will show "Buy Call." If the buy price is below the market price, the signal will show "Buy Put." If the VWAP price is near the strike price, the signal will be "neutral," indicating no trade should be made at that time.
6. Volume Signal
If the volume at the time of the update is more than the previous update, "Buy Call" is shown in the signal. If it is less than the previous update, "Buy Put" is shown. This data is typically taken from the N.S.E.
Certainly! Here’s a rephrased version of the statement with a unique twist:
In this setup, the strike price currently in play and the one seven strikes above it are used for the call options, while the strike price seven strikes below is used for the put options. The ratio of these strike prices is calculated sequentially and displayed in the PCR (Put-Call Ratio) column. Based on this ratio, trading signals are generated to either purchase a call option or a put option.