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    GuruSpeak | How investors can use open interest data to determine exits in areas where technical analysis fails

    Technical analysts are generally in loss in areas where there is no prior history, like new highs and new lows. Option data reading can help provide support and resistance levels in these areas.

    Moneycontrol Contributor
    July 12, 2019 / 12:31 PM IST
    GuruSpeak | How investors can use open interest data to determine exits in areas where technical analysis fails

    Santosh Pasi Technical analysts have been giving support and resistance levels for stocks and indices based on places or areas from where the underlying has reversed. These levels have had a mixed performance, especially because the lines of support and resistances are subjective and may change based on the technical analysts’ preferences. Options data, especially open interest data, take care of this subjectivity. Let’s understand this with an example of ICICI Bank, which was close to its all-time-high levels. Generally, a technical analyst...

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