Welcome to our newly updated stock details screen, enhanced to further empower you with crucial, up-to-the-minute data to streamline your trading decisions.
Now, not only will you find our classic offerings of timely stock information, but also other valuable data and information related to the stocks/index and their derivatives. These will assist you in identifying lucrative opportunities and mitigating potential risks in the market.
It eliminates the hassle of switching between different tools and websites to gather the necessary data.
Let us see how to use the new stock details page.
How to use the new Stock Details feature using Flow App on your phone
Step 1: Go to your Flow app > Stock in your Watchlist > View Details
It could be a stock or index like Nifty/Banknifty
Step 2: Click on the PCR (Put Call ratio) tab below the Price. (To the right of the Chart tab)
The Put Call Ratio (PCR) is an indicator calculated by dividing the number of open put options by the number of open call options at different strike prices. Traders use PCR as an indicator, to recognize bullish or bearish sentiment in the market.
Step 3: Click on the OI Tab on the right of the PCR tab.
Open Interest represents the total number of outstanding derivative contracts like futures and options, that are not settled. For traders, understanding open interest can provide valuable insights into market liquidity, trend strength, and potential price reversals, contributing to better-informed trading decisions.
Step 4: Click on the OI Change tab on the right of the OI tab.
Open Interest Change, expressed in percentage terms, reflects the daily net change in open and closed positions for call and put options at a particular strike price. It is displayed for three strike prices each above and below the 'At-The-Money' (ATM) price. Rising OI Change indicates more new positions; falling OI Change shows more closed ones. This data can help predict market trends.
Step 5: Scroll below and click on the Support and Resistance tab on the right of the Market Depth Tab.
We show three support, three resistance levels, and a pivot. The three Support levels are denoted by S1, S2, and S3, and Resistance by R1, R2, and R3. An LTP (Last Traded Price) line is also shown which moves according to its price change. Formulae to calculate Support, Resistance, and Pivot are given below.
Pivot = (Close + High + Low)/3
S1 = (2* Pivot) - High
S2 = Pivot - (High - Low)
S3 = Pivot - 2*(High - Low)
R1 = (2* Pivot) - Low
R2 = Pivot + (High - Low)
R3 = Pivot + 2*(High - Low)
Note - R3 > R2 > R1 > S3 > S2 > S1
Step 6: Scroll down and you will see Open Interest buildup.
We now offer open interest build-up levels that detail long build-up, short build-up, long unwinding, and short covering. Such information can help predict future price movements, giving you an edge in decision-making.
Users can see the last four buildups of the future contract. An option to change the interval is given for 15 minutes, 30 minutes, and 60 minutes.
Step 7: Scroll down to find the Future Chain Section.
The Future Chain feature on our trading app provides a comprehensive view of contract prices for the next three months of expiry. Traders can utilize this data to analyze price trends, anticipate potential market movements, and plan their trading strategies accordingly.
In the View More section, you can find more information about the stock/index like its Fundamental Data, Financial Data, and Shareholding Pattern.