INVITE-ONLY SCRIPT
Intraday Key Levels for Nifty Options
This indicator plots option-derived intraday key levels for NIFTY options, including Breakout Point (BOP), Breakdown Point (BDP), Previous Day Close (PDC), and Previous Day High (PDH).
It is designed to help traders objectively read option strength, weakness, and institutional intraday range behavior.
1️⃣ Breakout Point (BOP)
A break and sustain above BOP indicates bullish acceptance, increasing the probability of the option moving ITM. It is an Option-derived upside acceptance level.
If an option Breaks & sustain above BOP:
- Strike likely moves ITM
- Strong bullish option momentum possibility
- Expansion probability increases
2️⃣ Breakdown Point (BDP)
A break and sustain below BDP indicates bearish acceptance, increasing the probability of the option moving OTM. It is an Option-derived downside acceptance level.
If an option Breaks & sustain below BDP:
- Strike likely moves OTM
- Strong bearish option momentum possibility
- Premium weakness increases
3️⃣ Previous Day Close (PDC)
Displays the previous trading day close of the option. It acts as an intraday sentiment reference and acceptance / rejection level.
Above PDC → positive intraday sentiment
Below PDC → negative intraday sentiment
4️⃣Previous Day High (PDH)
Displays the previous trading day high of the option. It helps to identify the supply / resistance zones, expansion confirmation, failed breakouts and and validates bullish expansion when crossed with strength.
🏦 Institutional Insight:
Institutions may operate within the BOP–BDP range of ATM options when directional momentum is weak, leading to protect their intraday levels and play within the range.
🎯 Best Use Case:
-Intraday NIFTY options analysis
-Directional bias confirmation
-Avoiding low-probability trades
-Used alongside price action and volume tools
⚠️ Disclaimer
For educational purposes only. No buy/sell recommendations
It is designed to help traders objectively read option strength, weakness, and institutional intraday range behavior.
1️⃣ Breakout Point (BOP)
A break and sustain above BOP indicates bullish acceptance, increasing the probability of the option moving ITM. It is an Option-derived upside acceptance level.
If an option Breaks & sustain above BOP:
- Strike likely moves ITM
- Strong bullish option momentum possibility
- Expansion probability increases
2️⃣ Breakdown Point (BDP)
A break and sustain below BDP indicates bearish acceptance, increasing the probability of the option moving OTM. It is an Option-derived downside acceptance level.
If an option Breaks & sustain below BDP:
- Strike likely moves OTM
- Strong bearish option momentum possibility
- Premium weakness increases
3️⃣ Previous Day Close (PDC)
Displays the previous trading day close of the option. It acts as an intraday sentiment reference and acceptance / rejection level.
Above PDC → positive intraday sentiment
Below PDC → negative intraday sentiment
4️⃣Previous Day High (PDH)
Displays the previous trading day high of the option. It helps to identify the supply / resistance zones, expansion confirmation, failed breakouts and and validates bullish expansion when crossed with strength.
🏦 Institutional Insight:
Institutions may operate within the BOP–BDP range of ATM options when directional momentum is weak, leading to protect their intraday levels and play within the range.
🎯 Best Use Case:
-Intraday NIFTY options analysis
-Directional bias confirmation
-Avoiding low-probability trades
-Used alongside price action and volume tools
⚠️ Disclaimer
For educational purposes only. No buy/sell recommendations
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、VigneshPalanisamyに直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、VigneshPalanisamyに直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
To request access, please comment / message!
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。