*) IMAGINARY LINE: LINE DRAWN BETWEEN TWO STRIKE PRICES

EG: NIFTY CMP @ 18320 THEN IMAGINARY LINE WILL BE DRAWN BETWEEN 18300 TO
18350

*) CHECK TOP 5 LTP OF CE & PE

IF CE IS HIGHER THEN UNDERLYING IS BEARISH
IF PE HIGHER THEN UNDERLYING IS BULLISH

*) 6 KINDS
SUPPORT
RESISTANCE
EXTENSION OF SUPPORT/DIVERSION (BUYING)
EXTENSION OF RESISTANCE/DIVERSION (SELLING)
DIVERSION
END OF DIVERSION

WHILE SHORTED FROM EXTENSION OF RESISTANCE THEN ONE MAY BOOK PROFIT @ END
OF DIVERSION/REVERSAL

WHILE BOUGHT FROM EXTENSION OF SUPPORT THEN ONE MAY BOOK PROFIT @ END OF
DIVERSION OR REVERSAL

*) LIGHT COLOUR ON SITE MEANS PRESSURE IS BUILDING

*) VOLUME IS WTB - 95% IN CE MEANS 95% CHANCE MARKET WILL BOUNCE BACK & VICE
VERSA

*) ANY STRIKE PRICE, IF CALL SIDE VOLUME IS CLICKED THEN THAT STRIKE PRICE
UPPER/SELLING RANGE CAN BE KNOWN
*) IF PUT SIDE, VOLUME IS CLICKED THEN THAT STRIKE PRICE LOWER RANGE CAN BE
KNOWN

*) IF THAT STRIKE PRICE IS SUPPORT OR RESISTANCE, BY CLICKING THE RESULT THAT

SUPPORT/RESISTANCE IS EXTENSION OF RESISTANCE
IF THAT STRIKE PRICE IS NOT SUPPORT OR RESISTANCE THEN IT IS DIVERSION OR END OF
DIVERSION
*) ALWAYS DRAW FOUR MAGICAL LINES @ 9.35AM TO 9.45AM
IF SUPPORT IS FOUND, WE MUST CLICK ON HIGHEST VOLUME STRIKE PRICE PUT THEN FOR
TARGET CLICK ON SAME STRIKE PRICE CALL

EG: FOR ENTRY: CLICKING 18300 PE = BUY @ 18224

FOR TARGET: CLICKING 18300 CE = TARGET @ 18274

*) WTB MEANS WEAK TOWARDS BOTTOM/MEANS NEW STRIKE WILL MAKE BOTTOM ON
THE LOWER SIDE

*) From the pair of strike prices on the imaginary line, starting from the smaller strike price
on the call side and the larger strike price on the put side, going out of the money, the
largest open interest or the largest volume, whichever is Closer to the imaginary line is
called resistance on the call side and support on the put side.

*) If you click on the call side volume of any strike price, then the upper range of that strike
price is known.
If you click on the volume on the put side of any strike price, then the lower range of that
strike price is known.
If that strike price is the strike price of support or resistance then the result of clicking is
Extension of Support or Extension of Resistance but if that strike price is not Support or
Resistance then it is Diversion or End of Diversion