1. Last Updated Time
The first column shows the last updated time.
2. Call Side Open Interest
The second column displays the current call side open interest of Nifty Fin.
3. Put Side Open Interest
The third column displays the current put side open interest of Nifty Fin.
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. A value above one indicates a potential market rise, while a value below one suggests a potential decline. A PCR value below one signals "buy put," and a value above one signals "buy call."
5. VWAP Signal
If the VWAP price is above the strike price, the signal will show "Buy Call." If the VWAP 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 greater than the previous update, "Buy Call" is shown. If it is less, "Buy Put" is shown. This data is typically sourced 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.