After using higher time frame confirm the trend at about 10-10.30 am…
How to use open interest data to decide entry and exit points during day trading? @Sensibull @Streak @portfolioplus911 @siva @Bhuvan @shub
You might have heard that 90 percent of options go worthless (means they become zero on the day of expiry)
Here it says option sellers predict the market better than buyers. So u can use open interest data to predict the direction of market and also as Support and resistance.
If OI matches to your support or resistance then the probability of chances getting successful trade is more.
You can use OI in these ways but they never tell you where to enter and where to exit.
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Can you read this once
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