Screen overview

1Live Status Indicator

Shows that the displayed data is real-time market data and is being continuously refreshed. It also displays the time passed since the last data update, so you can see how fresh the information is.

2Last Updated Time

Shows the exact moment when the data was last refreshed. This timestamp helps you verify the recency of the information so you can base decisions on the most current market conditions.

Historical Data

Choose a past date to view buildup and unwinding data for that trading day.

When you select a historical date, the charts and values update to show how CE and PE buildup or unwinding happened during that day instead of live market data.

This helps you analyze past market behavior, compare different days, and see how price movement and open interest changed over time.

Header Controls

1Index Tools Dropdown

Allows users to select the type of analysis they want to view, such as Buildup & Unwinding, Call OI vs Put OI, or Volume-based analysis.

Once an option is selected, the charts and data update according to the chosen analysis type.

2Symbol Selection Dropdown

Lets users choose the market index or symbol (e.g., NIFTY 50, BANK NIFTY, FINNIFTY). Selecting a different symbol updates the data to show buildup and unwinding specific to that selected index.

3Expiry Date Dropdown

Opens a list of available expiry dates. By selecting a different expiry date, users can view buildup and unwinding data for that specific expiry, making it useful for historical and comparative analysis.

Strike Price & Interval Controls

4Start Strike Price Dropdown

Allows users to select the starting strike price for the analysis range. The data and charts will begin calculating buildup and unwinding from this selected strike price.

5End Strike Price Dropdown

Used to select the ending strike price for the analysis. Together with the start strike, it defines the complete strike price range included in the analysis.

6Interval Selection Dropdown

Lets users choose the time interval (such as 1 min, 5 min, 15 min, or 30 min) for data calculation. A smaller interval shows more frequent changes, while a larger interval provides a smoother and broader market view.

Chart/Graph

1Unwinding Graph

Unwinding Chart – Explanation

The Unwinding Chart shows how existing Call (CE) and Put (PE) option positions are reduced or closed during the trading day.

The X-axis represents time from market open (9:15 AM) to market close, while the Y-axis represents unwinding value in Lakhs (L), showing how much open interest is being removed.

The green line (CE Unwinding) indicates call option position exit, while the red line (PE Unwinding) indicates put option position exit. Values appear in the negative direction because positions are being closed.

A sharp downward move means heavy position exit. Higher CE unwinding suggests loss of bullish interest, while higher PE unwinding suggests loss of bearish interest.

In short: This chart helps identify where traders are booking profits or cutting positions, giving insight into weakening or reversing market sentiment.

2Buildup Graph

Buildup Chart – Explanation

The Buildup Chart shows how new Call (CE) and Put (PE) option positions are created throughout the trading day.

The X-axis represents time from market open (9:15 AM) to market close, while the Y-axis represents buildup value in Lakhs (L), indicating the amount of fresh open interest added.

The green line (CE Buildup) reflects call option position creation and is generally associated with bullish expectations. The red line (PE Buildup) reflects put option position creation, usually indicating bearish expectations or strong support levels.

A rising line means more new positions are being added. Higher PE buildup suggests market support, while higher CE buildup indicates bullish sentiment. If both rise together, the market may remain range-bound or volatile.

In short: This chart helps to understand market sentiment over time by tracking how aggressively call and put positions are built during the day.

Column/Download

1Columns Selection

Allows users to enable or disable table columns based on their preference.

2Download Options

Lets users export the displayed data for offline use or record keeping.

Time & Price Data

1Time

Shows the exact time at which the market data was recorded.

In simple words, it tells when the buildup and unwinding values were captured during the trading day, helping users track changes over different time intervals.

2Symbol LTP (Last Traded Price)

LTP stands for Last Traded Price of the selected symbol (such as NIFTY 50).

It shows the latest price at which the symbol was traded at that time. A green arrow indicates a price increase, while a red arrow indicates a price decrease compared to the previous interval.

Unwinding Data

3PE Unwinding

Shows how many Put Option (PE) positions are being closed or reduced. It tells us how much traders are exiting put positions.

How to understand the value:

• Values are shown in negative numbers because positions are being closed
• A larger negative value indicates more put positions are being exited
• Higher PE unwinding suggests traders are reducing bearish bets, indicating a shift in market sentiment

4CE Unwinding

Shows how many Call Option (CE) positions are being closed or reduced. It tells us how much traders are exiting call positions.

How to understand the value:

• Values are shown in negative numbers because positions are being closed
• A larger negative value indicates more call positions are being exited
• Higher CE unwinding suggests traders are reducing bullish bets, indicating a shift in market sentiment

Buildup Data

6PE Buildup

Shows how many Put Option (PE) positions are being newly added. It tells us how much traders are creating new put positions.

How to understand the value:

• Values are shown in positive numbers
• A larger value indicates more put positions are being added

7CE Buildup

Shows how many Call Option (CE) positions are being newly added. It tells us how much traders are creating new call positions.

How to understand the value:

• Values are shown in positive numbers
• A larger value indicates more call positions are being added

Strength & Analysis

5Unwinding Strength (Unwinding Str)

Unwinding Strength shows the relative strength between Call unwinding and Put unwinding. It helps identify whether bullish or bearish positions are being exited more aggressively.

Formula:

Unwinding Str % = (CE Unwinding − PE Unwinding) / (|CE Unwinding| + |PE Unwinding|) × 100

How to read the result:

• ≥ +60% → Bullish (Call unwinding is stronger)
• -60% to +60% → Neutral (Both sides are balanced)
• ≤ -60% → Bearish (Put unwinding is stronger)

Example:

• CE Unwinding = -15,00,000
• PE Unwinding = -5,00,000

Applying the formula:

Unwinding Str % = (-15,00,000 − (-5,00,000)) / (15,00,000 + 5,00,000) × 100
Unwinding Str % = (-10,00,000 / 20,00,000) × 100
Unwinding Str % = -50%

Result: Unwinding Str % = -50%, which indicates Neutral sentiment with slightly stronger put-side unwinding.

8Buildup Strength (Buildup Str)

Buildup Strength shows the relative strength between Put buildup and Call buildup. It helps identify whether the market is more bullish, bearish, or neutral.

Formula:

Buildup Str % = (PE Buildup − CE Buildup)/(CE Buildup + PE Buildup) × 100

How to read the result:

• ≥ +60% → Bullish (Put buildup is much stronger)
• -60% to +60% → Neutral (Both sides are balanced)
• ≤ -60% → Bearish (Call buildup is much stronger)

Example:

• PE Buildup = 20,00,000
• CE Buildup = 10,00,000

Applying the formula:

Buildup Str % = (20,00,000 − 10,00,000)/(20,00,000 + 10,00,000) × 100
Buildup Str % = (10,00,000 / 30,00,000) × 100
Buildup Str % = 33.33%

Result: Buildup Str % = 33.33%, which indicates Bullish sentiment as it's above +60% threshold, meaning put buildup is notably stronger than call buildup.

15Put Call Ratio

Put–Call Ratio (PCR) is a market‑sentiment indicator that compares how many put options are being traded (or are open) to how many call options are being traded (or are open) for the same index or stock. It tells you whether traders, as a group, are more focused on protection/downside (puts) or on upside (calls).

Formula:

Put–Call Ratio (PCR) = Total Put Open Interest ÷ Total Call Open Interest

Example:

• Total Put Open Interest = 24,00,000
• Total Call Open Interest = 20,00,000

Calculation:
PCR = 24,00,000 ÷ 20,00,000 = 1.20

What PCR Values Mean?

PCR Range	Market View
> 1.2	Bullish
0.8 – 1.2	Neutral
< 0.8	Bearish

16COI PCR (Change in Open Interest Put–Call Ratio)

It shows which side added more fresh positions today —the put seller or the call seller.

COI PCR = Change in Put OI ÷ Change in Call OI

• If COI PCR is above 1:
  • More put OI was added than call OI.
  • Put seller are stronger → the market has a bullish bias.
• If COI PCR is below 1:
  • More call OI was added than put OI.
  • Call seller are stronger → the market has a bearish bias.

Example 1

• Put OI added today: 30,000
• Call OI added today: 10,000
• COI PCR =30,000 ÷ 10,000 = 3
• This means put sellers are much more active, so the market has a bullish

Example 2

• Put OI added today: 15,000
• Call OI added today: 30,000
• COI PCR = 15,000 ÷ 30,000 = 0.5
• This means call sellers are more active, so the market has a bearish

17MaxPain

Max pain (also called "maximum pain price") is the strike price where option buyers, in total, would lose the most money at expiry and option sellers would lose the least amount of money.

At this price, the maximum number of call and put options expire worthless or with very little value, so most buyers lose their premiums while sellers keep most of what they collected.

Many traders believe that, as expiry comes closer, the underlying price sometimes moves toward this max‑pain strike, because big option sellers try to hedge or manage their risk around that level. so max pain is not a guarantee or a magic target, just one way to see how positions are stacked in the option chain.