How to analyse the MWPL method in stock market?

How to analyse the MWPL method in stock market?

MWPL- Market-wide position limits

·    Just we all need some data for this analysis.

·    Do not worry all data are open-source

·    Go to the NSE website and download the combined open interest zip file for Friday

·    NSE India- Products- Equity derivatives -current market reports -view all daily reports -combine open interest across all exchanges.

·    Open the file to MS Excel and use this formula that is it.

·    G2/E2*100

·    This is the same analysis for Monday reports too.

Find out the 5 to 7% to trade

Previous day MWPL( – )current day MWPL

You get some percentages of all option trading stocks.

You just need to find the 5 to 7% stocks for further analysis.

Then you need to do a technical analysis. In this analysis, we find out whether the stock buy or sell side.