PCR > 1: Indicates a bearish sentiment, with more puts traded, suggesting expectations of a market decline.

PCR < 1: Shows a bullish sentiment, with more calls traded, implying an anticipated market rise.

Rising PCR: A rising PCR suggests bullishness in the market.
Declining PCR: A declining PCR suggests bearishness in the market.

PCR should be used alongside other indicators for a comprehensive market analysis.

Price above VWAP: Indicates bullishness
Price below VWAP: Suggests bearishness

Trade Entry: Buy when the price is below VWAP and appears to rise and sell when above VWAP and seems to fall.

Support/Resistance: VWAP can act as a support or resistance level during the day

Below 20: Indicates an oversold condition, suggesting a potential buying opportunity. Above 80: Signals an overbought condition, indicating a possible selling point. Between 45 and 55: Considered neutral, with no strong buy or sell signals.

Note: These values might differ as per your trading style.

Observing RSI values across multiple timeframes, such as 3 minutes, 5 minutes, and 15 minutes, allows traders to determine overbought and oversold conditions for both short-term and long-term durations. This multi-timeframe analysis can provide a better understanding of the market's momentum and potential trend changes, enabling more informed trading decisions.

Price above SuperTrend line: Indicates a bullish trend, suggesting a potential buying opportunity.

Price below SuperTrend line: Signals a bearish trend, indicating a possible selling point.

Trend changes: Occur when the price crosses the SuperTrend line, pointing to potential reversal points.

Observing super-trend across multiple timeframes, such as 3 minutes, 5 minutes, and 15 minutes, allows traders to determine the trend for both short-term and long-term durations. This multi-timeframe analysis can provide a better understanding of the market's momentum and potential trend changes, enabling more informed trading decisions.

Bullish Signal: When both intraday and positional metrics display a bullish (green) indication, it suggests a strong bullish market trend.

Bearish Signal: If both intraday and positional indicators show a bearish (red) sign, it points to a potential bearish market movement.

Ranging/Sideways Market: When intraday and positional data present opposite signs (one bullish, one bearish), it typically indicates a market without a clear direction, often moving sideways.

Bullish Signal: When these EMAs align (short above medium above long), it suggests a bullish trend.

Bearish Signal: When these EMAs align (short below medium below long), it suggests a bearish trend.

Trend Reversal: Crossovers between these EMAs can signal potential trend reversals.

This helps traders understand the market sentiment as : Mild Bullish, Extremely Bullish, Neutral, Mild Bearish, and Extremely Bearish.

Long Unwinding: When option sellers (who are long on options, expecting the market to decline) start selling back their positions to close them, it can indeed be interpreted as a bearish signal.

Short Buildup: When traders create new short position, it is interpreted as a bearish signal.

Long Unwinding: When traders create new long position, it is interpreted as a bullish signal.

Bullish Sign: When bullish traders are entering into the market by creating new long positions and bearish traders are exiting from the market by closing their positions.

Bearish Sign: When bearish traders are entering the market by creating new short positions and bullish traders are exiting from the market by closing their positions.

This analysis helps in understanding the overall market sentiment and potential direction of price movements.

Understand Sentiment: Changes in open interest, change in Oi percentage and volume over time can indicate whether traders were bullish or bearish during specific periods.

Backtesting the options chain: Traders can assess how their strategies would have performed under historical market conditions.

This method allows traders to easily identify key levels of support, resistance, and potential points of trend reversal by visually interpreting the changes in market sentiment reflected through Oi metrics.

The subtle background color (red and green) indicates the dominance of the traders as bearish or bullish. You can also compare the Oi data at previous timestamps.

If you see the price in between 2 immediate strong support and strong resistance areas, the market can be interpreted as range bound or sideways, unless it breaks out the level with high volume and significant reversal in Oi data.

Assess the strength of potential support or resistance levels by examining their weightage on a scale from 0 to 100, with 100 representing maximum strength. When the price is positioned between two areas of strong support and resistance, it suggests the market is moving within a range or sideways. This sideways behavior continues until there's a breakout, with high trading volume and a significant change in open interest data, signifying a shift in market trend.

When the price hits those significant support or resistance level without any accompanying change in open interest, it typically suggests the price is likely to be rejected at that point.

The option chain data will be available from your signup date.

Contact us if you want to obtain the historical option chain data to analyze the movement of the asset (Nifty, BankNifty, etc).

Still confused about where the market will go?

With these two clear color indications, we have formatted all the data (technical and option chain) in a way that allows you to read and interpret it simply by identifying the colors.

You can ask Genie about the current market direction. Genie is powered by AI that combines all this data, providing insights on market direction, momentum, and other possibilities.