which technical indicators and other parameters we should look while selecting good future and option contract ?
It depends on individual trader and trading strategy. I am more of swing trader, I would rely on EMA crossover, open interest and volatility analysis.
In F&O I normally use the following screener to filter my trades, below is Bullish, similarly on the other side are Bearish, and for Breakout I normally use these two that gives me great upside.
This gives me bias and in case you want to superimpose RSI,MACD with this, you will get fair trades.
|Gap up on high volume||Stocks that have gapped up >1% on double 5-day avg volume|
|Gap down on high volume||Stocks that have gapped down >-1% on double 5-day avg volume|
Looks like a ‘Motilal Oswal’ tool , Maybe that is a cue for Zerodha to provide something like that