15 Minutes Built-Up
ITC, a diversified multi-business conglomerate, led the rally in consumer stocks on Monday after the government last week finalized rates for the upcoming goods and services tax (GST).
The NSE FMCG index surged 3.6 percent to a record high on May 22. Meanwhile, ITC rallied nearly 5.9 percent to an all-time high.
Heckyl 15-minutes built-up screen showed a series of long built ups for ITC, signaling a bullish bias for the day.
Are you interested in derivatives trading but don’t know how to start and make money from it? Heckyl is the right place for beginners and experienced traders to kick start their trading in futures. We will explain you how you can spot profit making opportunities in real-time.
The internal market data is key to grab opportunities in futures. So first you need to monitor open interest (OI), price and volume of a stock or an index contract. Second, you need to understand and interpret this data to confirm price trend. Third, when you are sure of bullish or bearish price signals, you can initiate long or short strategy in the specific futures contract. Fourth and most important thing is a discipline approach for profitable trade.
We have continuously flagged “15-Minutes Built Up Screen” in our F&O product as one of the most important screens for devising profitable trading strategies. For every stock, this screen gives a snapshot every 15 minutes for the open interest (OI) and a breakup of fresh and square-off contracts along with volumes.