Bank nifty open interest excel sheet download

Bank nifty open interest excel sheet download

Bank nifty is the banking index collection of the top 12 banks in India. The bank nifty is listed in NSE. Bank nifty has it's future and option contracts. Bank nifty future contracts expire on the last week of Thursday every month and option expires every week on Thursday.

Open interest in bank nifty is the key parameter to understand while trading future or option. Open interest represents the total outstanding future or option contracts for the expiry.

Bank nifty open interest analysis

1. Download the Bank nifty open interest excel sheet from this link
2. To analyze the bank nifty open interest correlate the open interest with the price movement of options
3. Analyze the call and put side open interest
4. Don't make your decision based on one side of open interest
5. Check the put-call ratio
6. There are four scenarios in bank nifty open interest trading

Scenarios 1

1. Find the highest open interest strike price on both call side and put side
2. Check the option price on the call side and put side
3. On-call side if the option price is decreased and open interest increase and on put side option price increase and open interest decrease  bank nifty will move down

Scenarios 2

1. Repeat step 1 & 2 of scenario 1
2. On-call side if the option price increases and open interest decrease and on put side option price decreased and open interest increase  bank nifty will move up

Scenarios 3

1. Repeat step 1 & 2 of scenario 1
2. On-call side if the option price increases and open interest increase and on put side option price decreased and open interest increase  bank nifty will move up

Scenarios 4

1. Repeat step 1 & 2 of scenario 1
2. On-call side if the option price decreased and open interest increase and on put, side option price increased and open interest increase  bank nifty will move down

If any of these parameters do not meet it suggest that it will consolidate at the position

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Analyze the open interest and price movement to find the movement in bank nifty and professional traders' positions.