O/I Based Levels for NIFTY : 19/08/2024
A crude method to ascertain Support and Resistance Levels for any Instrument for the next day.
Resistance :
Call Strikes with I and II Highest O/I (+) CE Option premium of the respective strike prices
Support:
Put Strikes with I and II Highest O/I (-) PE Option premium of the respective strike prices
Keep in mind the change in O/I during the day to ascertain new levels around 1 PM.
Resistance :
Call Strikes with I and II Highest O/I (+) CE Option premium of the respective strike prices
Support:
Put Strikes with I and II Highest O/I (-) PE Option premium of the respective strike prices
Keep in mind the change in O/I during the day to ascertain new levels around 1 PM.
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