SCANNERS  
Rising and Falling
High Low Breakers
Volume Shocker
Spreads
Strong and Weak
Resistance & Support
Circuit Breakers
Open= High or Low
   
ANALYTICS  
Bullish – Covered Call
Bearish - Covered Put
Neutral –Long Straddle
IV Scanner (Implied Volatility)

SCANNERS

1. Rising and Falling

Description (i): This scanner gives you the list of stocks whose volume has been consistently increasing in the last 3 trading sessions. The list is bifurcated between where more buying is happening (Price-up) and where more of selling is happening (price-low).

Use Case: If the volume of the stock has been consistently increasing and the price is also moving up, this could mean that there are more buyers who are impacting the increase in volume. Similarly, if the price is going down, it’s the sellers who are causing the volume spurt. A trader can accordingly form the view of the trend of this stock.

Illustration:The snap shot shows in the volume up price up segment, the volume & price of PNB have increased by 98.24% & 5.81% respectively. This is due to increase in demand.

2. High Low Breakers

Description (i): This scanner gives you the list of stocks that breach the low or high in a particular time period like 1 day, 1 week, 2 weeks, 1 month or 52 week. These are price outliers for the period.

Use Case: If a stock has breached, 1 day low, 1 month low and 52 week low, one can infer that the stock is in a falling trend. Similarly if the stock breaches new highs consistently, one can infer that the stock is in rising trend. This inference can be clubbed with ‘rising and falling’ scanner or ‘volume shocker’ to form a solid view in the stock.

Illustration:The snapshot shows that TPLPLASTEH, BLUESTARCO, BBL are at 52week’s high.

3. Volume Shocker

Description (i): This scanner gives two categories
1. Unusual 2. Potential.
Unusual Volume: the list of stocks whose day’s volume exceeded their average volume for a week / month
Potential volume: The list of stocks whose hourly average volume exceeded their average hourly volume for a week.

Use Case: Volume breakout with rise in price indicates a bullish trend and vice versa. This scanner can be clubbed with ‘Rising and falling’ scanner for strengthen the view on the stock.

Illustration:The snapshot shows that the current volume of YESBANK (10208947) is 299.54% more than the last week’s average (2555179).

4. Spreads

Description (i): This scanner shows the stocks having highest change in spread between cash and near month future contract. Long spread will show spread for strategy cash buy and future sell. Short spread will show spread for strategy future buy and cash sell.

Use Case: Change in long spread indicates that there is a demand for near month future contract and the spread is widening. This can also provide an arbitrage opportunity wherein position needs to be taken when the spread widens with an assumption that it will revert to average spread.

Illustration:The snapshot shows that trader can avail Spread changes script “STAR” in long between cash and future.

You can also see short side too.

5. Strong and Weak

Description (i):This scanner shows the stocks that determines the upside / downside strength of the stock based on IO change, Volume change and the price change.

Use Case: Strong stocks are likely to move up and the weak stocks may fall.

Illustration:The snapshot shows ICICIBANK is under long as per 2 days price change.

You can also see short side too.

6. Resistance & Support

Description (i): This scanner shows the nearest support and resistance level of the stocks based on Pivot of previous day’s high / Low / close with an easy to filter stocks at particular level.

Use Case: A user can tap on R1 and see al stocks that are closer to or lying on R1. This data can be clubbed with other scanners to form a view or strategy.

Illustration:The snapshot shows that MCDOWELL has breached R1 & currently in R2. Second Screen shows the number of stocks lying in R1

7. Circuit Breakers

Description (i): This scanner shows the stocks that are hitting the upper / lower circuits for the day.

Use Case: A user can form a bullish view if the stock is hitting an upper circuit and vice versa.

Illustration:The snapshot shows that TEXMPOPIPES is already reached upper circuit.

You can check stocks in lower circuit by selecting lower.

8. Open= High or Low

Description (i): This scanner gives all stocks whose Open price is equal to High or low.

Use Case: Usually traders track this scanner in the first 45 minutes from the opening of the market.

Illustration:The snapshot shows that CAIRN’s opening (146.95) is the highest for the day till now.

ANALYTICS

1. Bullish – Covered Call

Description (i): This will scan all Call stock options to execute Covered Call strategy where premium is high. This data can be sorted by Contracts Bid price or return % by ascending and descending order. It generates order for long in future(buy) and cover that with Writing the nearest call option.

Use Case: When you are neutral (or moderately bullish) on the short term direction of the underlying stock and you want to trade in the underlying stock.

Illustration:The snapshot shows that trader can make a covered call in UNIONBANK.

2. Bearish - Covered Put

Description (i): This will scan all Put stock options to execute Covered Call strategy where premium is high. This data can be sorted by Contracts Bid price or return % by ascending and descending order. It generates order for short in future and covers that with writing the nearest put option.

Use Case: When you are neutral (or moderately bearish) on the short term direction of the underlying stock and you want to trade in the underlying stock.

Illustration: The snapshot shows that trader can make covered put in JINDALSTEEL.

3. Neutral – Long Straddle

Description (i): This will scan and identify the call and put which has least premium outflow in comparison to the underlying price. It sorts the data based on least minimum swing.

Use Case: Long Straddle Option Strategy is useful for investors who believe that the stock will be very volatile (i.e. move a lot in price) but are uncertain about the direction of the move.

Illustration:The snapshot shows the long straddle of MARUTI.

4. IV Scanner (Implied Volatility)

Description (i): This will help to identify all stock options with highest Implied Volatility

Use Case: The best time to use a strategy such as if you are confident of a big price move in the underlying security, but are not sure in which direction.

Disclaimer: Scanner and Analytics tools are not meant to serve as a professional investment guide for the users. No action is solicited based upon the information provided therein. User of these tools shall rely on information/data arising out of their own investigations. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of information / opinions / views generated through these tools.

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