S&P BSE SENSEX Advanced Option Chain
Professional-grade option chain analysis with advanced analytics, real-time data, and backtesting capabilities
Symbol
Expiry Date
Historical Date
S&P BSE SENSEX Chart Analysis
Real-time Analysis
Live option chain data with automatic updates, Greeks calculation, and comprehensive market analysis for S&P BSE SENSEX
Historical Backtesting
Advanced backtesting capabilities with historical data analysis, strategy validation, and time-based option chain evolution
Advanced Analytics
Professional tools for implied volatility analysis, open interest tracking, and premium decay visualization across multiple timeframes
S&P BSE SENSEX Advanced Option Chain Analysis
Comprehensive advanced option chain analysis for S&P BSE SENSEX with real-time data, historical backtesting, and professional-grade analytics tools. Monitor option Greeks, implied volatility, open interest changes, and premium decay with precision.
Exchange
BSE
Type
Index
Category
Indian Equities
Lot Size
15
Advanced Option Chain Analysis for S&P BSE SENSEX
Free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange. Our advanced option chain provides comprehensive market analysis tools with real-time data updates, historical backtesting capabilities, and professional-grade analytics. Track option Greeks, implied volatility surfaces, open interest changes, and premium decay patterns.
Key Specifications for SENSEX
- Exchange: BSE
- Type: Index
- Lot Size: 15
- Category: Indian Equities
Advanced Features & Tools
Real-time Analytics
- Live option chain updates for SENSEX
- Dynamic Greeks calculation (Delta, Gamma, Theta, Vega)
- Implied volatility surface mapping
- Open interest and volume analysis
Historical Analysis
- Backtesting with historical data
- Time-series option chain evolution
- Premium decay pattern analysis
- Historical volatility comparisons
Available Instruments for Analysis
Indian Market Indices
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
Frequently Asked Questions
How does the advanced option chain differ from basic option chains?
Our advanced option chain provides enhanced analytics including Greeks calculation, implied volatility analysis, historical backtesting capabilities, and professional-grade visualization tools for comprehensive options analysis.
What backtesting features are available for SENSEX?
The backtesting feature allows you to analyze historical option chain data for SENSEX, test trading strategies, and understand how option premiums evolved over time under different market conditions.
How frequently is the S&P BSE SENSEX data updated?
In live mode, the SENSEX option chain data is updated in near real-time during market hours. Historical mode provides access to comprehensive archived data for detailed analysis and backtesting.
What makes S&P BSE SENSEX suitable for options trading?
Free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange. With a lot size of 15and trading on BSE, it offers good liquidity and volatility for options strategies.
Advanced Analysis Summary
The Advanced Option Chain analysis tool for S&P BSE SENSEX provides professional traders and analysts with comprehensive data visualization, real-time market insights, and historical backtesting capabilities. Whether you're analyzing current market conditions or backtesting strategies, this tool delivers the precision and depth required for informed options trading decisions.
Last updated: 7/16/2025, 12:58:55 PM
Data source: BSE | Type: Index