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Advanced Option Chain

Symbol

NIFTY

Expiry Date

Live Updates

Historical Date

Chart of NIFTY

Real-time Analysis

Live option chain data with automatic updates and comprehensive market analysis

Historical Analysis

Advanced time controls for historical data analysis with precise timeline navigation

Multiple Instruments

Comprehensive analysis across various market indices and commodities

Advanced Option Chain Analysis

Our advanced option chain provides comprehensive market analysis tools with real-time data updates and historical analysis capabilities. Track option chain movements across multiple timeframes and make informed trading decisions.

Key Features

  • Real-time Updates: Live option chain data with automatic refresh
  • Time Navigation: Advanced controls for historical data analysis
  • Multiple Instruments: Support for indices and commodities
  • Flexible Analysis: Compare data across different time periods

Using the Analysis Tools

Make the most of the advanced option chain analysis with these tools:

  • Time Controls: Use the slider and buttons for precise time navigation
  • Historical Mode: Analyze past data by disabling live updates
  • Instrument Selection: Choose from various market indices and commodities
  • Expiry Selection: Analyze different expiry dates for comprehensive insights

Fear & Greed Gauge

Market sentiment analysis combining support, resistance, volume and OI patterns with real-time calculation

Support/Resistance Analysis

Dynamic detection of price levels with weakness pattern classification and strength indicators

Historical Trend Analysis

Time-based pattern recognition with momentum scoring and directional trend indicators

Understanding the Fear & Greed Gauge

The Fear & Greed gauge is a sophisticated market sentiment indicator that combines five key factors with specific weights:

  • Strong Level Presence (20%): Measures the proportion of strong support and resistance levels relative to total levels
  • Volume Strength (20%): Analyzes the average volume strength across all detected price levels
  • OI Strength (20%): Evaluates the average Open Interest strength across all price levels
  • WTT/WTB Pattern Balance (30%): Calculates a score based on the difference between WTB and WTT patterns, with a neutral midpoint at 50
  • Support/Resistance Balance (10%): Measures the equilibrium between support and resistance strength, with higher support strength increasing the score

Reading the Gauge

The gauge ranges from 0-100, with higher values indicating more greed (bullish sentiment) and lower values indicating more fear (bearish sentiment). The needle position corresponds to the calculated index value, and historical trend indicators show whether sentiment is improving, deteriorating, or stable.

Support and Resistance Analysis

Detection Methodology

  • Support Levels: Detected below spot price when PE volume percentage exceeds 75% or PE OI percentage exceeds 75%
  • Resistance Levels: Detected above spot price when CE volume percentage exceeds 50% or CE OI percentage exceeds 50%
  • Level Types: Classified as Volume-based, OI-based, or Double-factor (both volume and OI)
  • Strength Rating: Calculated as the maximum of volume or OI percentage at that strike

Weakness Pattern Analysis

Each level is analyzed in relation to nearby strikes (within 3% price range) to determine weakness patterns:

  • STRONG: No significant volume or OI in nearby strikes (no weakness detected)
  • WTT (Weak Towards Top): Weakness detected in higher nearby strikes only
  • WTB (Weak Towards Bottom): Weakness detected in lower nearby strikes only

Understanding Weakness Patterns

Weak Towards Top (WTT)

For supports: Nearby strikes below this level have at least 75% of this level's volume/OI strength, indicating the support may be weakening upward.

For resistances: Nearby strikes above this level have at least 75% of this level's volume/OI strength, indicating the resistance may be weakening upward.

Weak Towards Bottom (WTB)

For supports: Nearby strikes below this level have at least 75% of this level's volume/OI strength, and nearby strikes above also show significant activity, indicating potential breakdown.

For resistances: Both higher and lower nearby strikes show significant volume/OI activity, suggesting a broader resistance zone that could be weaker.

Historical Trend Analysis

The system analyzes trends over time using historical data points (up to 5 most recent snapshots):

  • Fear/Greed Trend: Tracks changes in the sentiment index over time
  • Support/Resistance Trends: Monitors changes in the number and strength of support and resistance levels
  • OI Trend: Analyzes the Put-Call Ratio trend (PE OI / CE OI)
  • Volume Trend: Tracks changes in the PE/CE volume ratio

Momentum Score Calculation

A weighted momentum score combines multiple trend indicators:

  • Rising Fear/Greed: +2.0 / Falling: -2.0
  • Rising Support Trend: +1.0 / Falling: -1.0
  • Rising Resistance Trend: -1.0 / Falling: +1.0
  • Rising OI Ratio (Bullish): +1.5 / Falling (Bearish): -1.5

The final score indicates bullish momentum (positive), bearish momentum (negative), or neutral conditions (near zero).

Market Pressure Analysis

The Market Pressure indicator combines multiple factors to determine overall market direction and strength:

Bullish Pressure Factors

  • • More strong supports than resistances (+2)
  • • More WTB than WTT supports (+1)
  • • More WTT than WTB resistances (+1)
  • • Fear/Greed index above 75 (+1)
  • • Rising Fear/Greed trend (+1)
  • • Bullish OI trend (+1.5)
  • • Positive momentum score (variable impact)

Bearish Pressure Factors

  • • More strong resistances than supports (-2)
  • • More WTT than WTB supports (-1)
  • • More WTB than WTT resistances (-1)
  • • Fear/Greed index below 25 (-1)
  • • Falling Fear/Greed trend (-1)
  • • Bearish OI trend (-1.5)
  • • Negative momentum score (variable impact)

Interpreting Market Pressure

  • Overall Direction: Bullish (positive score), Bearish (negative), or Neutral (zero)
  • Strength Classification: Strong (score ≥ 3), Moderate (1 < score < 3), or Weak (score ≤ 1)
  • Gap Analysis: Identifies the nearest support and resistance levels, calculates the gap size, and determines price position within the gap

Interpreting the Gauge

Extreme Fear

0-25

Fear

25-45

Neutral

45-55

Greed

55-75

Extreme Greed

75-100

Trading Applications

The combined analysis provides actionable trading insights:

Bullish Signals

  • • Strong supports with no WTB patterns
  • • More strong supports than resistances
  • • Fear/Greed index above 55 and rising
  • • Rising Put-Call OI ratio (bullish OI trend)
  • • Positive momentum score (>1)
  • • "Near Support" gap position

Bearish Signals

  • • Strong resistances with no WTT patterns
  • • More strong resistances than supports
  • • Fear/Greed index below 45 and falling
  • • Falling Put-Call OI ratio (bearish OI trend)
  • • Negative momentum score (<-1)
  • • "Near Resistance" gap position

Key Trading Tips

  • • Look for confirmation across multiple indicators
  • • Pay attention to historical trends and momentum direction
  • • Use gap analysis to identify potential support/resistance ranges
  • • Consider market pressure strength as a confidence factor
  • • Monitor pattern changes over time for potential reversal signals

Common Questions

How does the time navigation work?

The time navigation allows you to move through historical data in 5-minute, 15-minute, and 1-hour intervals using either the slider or quick navigation buttons.

What instruments are available for analysis?

The tool supports major market indices like NIFTY, BANKNIFTY, FINNIFTY, and commodities including CRUDEOIL, GOLD, and SILVER.

How often is the data updated in live mode?

In live mode, the option chain data is automatically updated to provide near real-time market insights. Historical mode allows for detailed analysis of past data.

Conclusion

The Advanced Option Chain analysis tool provides traders with comprehensive data and analysis capabilities for both real-time and historical options trading data. With support for multiple instruments and advanced time navigation, it's an essential tool for informed trading decisions.

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