What Is Support ?

The spot price in any stock or index is the between the two strike prices on its put side, starting from one "In the money" and going "Out of the money", with the highest open interest or volume or both open interest and volume. The strike price which is closest to the price spot is called support.


What Is Resistance ?

The spot price in any stock or index is the between the two strike prices on its Call side, starting from one "In the money" and going "Out of the money", with the highest open interest or volume or both open interest and volume. The strike price which is closest to the price spot is called Resistance.

What Is WTT ?

First of all, find out whether the support or resistance is of volume or open interest or both. After identifying the support or resistance, check its weakness. If its weakness is at the top (According to Open Chain), then it is called WTT.


What Is WTB ?

First of all, find out whether the support or resistance is of volume or open interest or both. After identifying the support or resistance, check its weakness. If its weakness is at the Buttom (According to Open Chain), then it is called WTB.