New F & O Stock future important data
This excel will be updated on a daily basis. Download the excel sheet and analyze the stock movement with respect to its other data points. This excel sheet includes the 3 days price change, Traded Volume, Daily volatility, Traded value, Delivery percentage, No of trade, Change in open interest, the total open interest of all the future and options stocks.
Before analyzing the excel sheet key points to remember
- Download the excel sheet daily to analyze the stocks
- Symbol( P3) represents the last day price change, (TV 3) traded value, (DQ 3) Delivery quantity, (NT 3) no of trade, (COI 3) change in open interest, (OI 3) Open interest.
- All data points should suggest in one direction while analyzing the stocks data
- Important data points are a volume-traded value-delivery percentage-open interest
- Find and learn the correlation between these data point with respect to the price of the stock
- Analyze the data using the filters in excel
- Stock with high trading value indicates the high interest of professional traders
- Filter the data with highest change in trading value
- Stock with the high delivery percentage indicate the delivery based buying and selling
- Therefore these two data points will help us to filter out the stock with professional traders are interest
- Check the price change for those stocks with volume
- If the stock is in an uptrend but small price change candle is forms called Doji with high volume what will happen next? If professional traders are bullish on the stock why the price spread is not big are they selling their holdings at that price point?
- If the stock is in a downtrend but small price change candle is forms called Doji with high volume what will happen next? If professional traders are bearish on the stock why the price spread is not big. They stop their selling at that price point.
- Always remember the rule if professional traders are bullish on the market why price does not move up instead of high volume.
- If professional traders are bearish on the market why price doesn't move down instead of high volume
- Check the no of trade represented by NT
- If NT is less and traded value is high from the previous day
- It suggests the professional trader trading
- If the NT is high it represents the retail traders trading
- Change in open interest represents the continuation of price action
- If price increase and open interest increase price continue to rise further
- If price increase and open interest decrease price fall after touching resistance
- If price decrease and open interest increase price fall further and can break the support level with an increase in open interest
- If price decrease and open interest decreases price stops further down move and can take the support and reverse the trend.
2 Comments
Very Informative blog post.����
ReplyDeletewhether the excel sheet will be updated on daily basis or we have to fill the data
ReplyDeleteThank you for your valuable comment