Option and Database tradingTo study an option chain, focus on the current market price, displayed in the centre. Analyse the built-up data to understand market direction based on recent changes in open interest and price. ITM call options are typically highlighted in yellow, making it easier to distinguish them from other options.
The put-call ratio measures trading volume using put options versus call options. Instead of the absolute value of the put-call ratio, the changes in its value indicate a change in overall market sentiment.
Cypher-harmonic
BOSCH, SAMVARDHNA MOTHERSON & SONA BLWHello & welcome to this analysis
Auto ancillary stocks at strong support levels suggesting a bounce/reversal from current levels with them forming Bullish Harmonic Patterns in weekly time frame
BOSCH - Alt Shark
MOTHERSON - Alt Shark
SONACOM - Cypher
Today's candle were very strong, one can look to add on follow through confirmation or on pullback, the risk reward appears decent at current levels.
In the video I have suggested possible levels of resistance on upside along with negation levels on the downside for each case.
All the best