May 22, 2024

Rising Tide for Ship-Building Stocks

The Indian stock market has been experiencing a bullish trend, with mid-cap and small-cap stocks taking the lead over their large-cap counterparts. Amid this optimistic wave, one sector that has largely remained under the radar is the Ship and Ship-Building sector. At Definedge, we recognised […]
May 19, 2024

The Kintsugi Approach: A Path to Stronger and Smarter Trading

In trading – losses, setbacks, and failures are universal. Regardless of their experience or expertise, every trader encounters moments of brokenness. However, in these moments of adversity, the ancient Japanese art of Kintsugi finds its relevance. Kintsugi, which translates to “golden joinery,” is a centuries-old technique […]
May 16, 2024

Deviation from OIWAP

What is OIWAP? The OIWAP (Open Interest Weighted Average Price), provides a weighted average price transaction price of contracts opened. In short, this is the market participant’s average price based on the open interests created by them. What is Deviation from OIWAP? Deviation from the […]
May 16, 2024

Nifty IT Index: Probable Bottom Formation

The Nifty IT index has been underperforming the benchmark Nifty50 since February 2024. This trend comes as sectors like banking, FMCG, pharma, and auto have taken the lead in driving the Nifty50 upwards. However, recent technical indicators suggest this trend might reverse, signalling a potential […]
May 14, 2024

Adani Group Stocks Chart Setup Ahead of Election Results

As India steers through its general election phase, the financial markets are experiencing heightened volatility, a common phenomenon during such pivotal events. The Adani Group, a prominent conglomerate with significant market influence, is under scrutiny amidst the election fervour. The relationship between the Adani Group […]
May 13, 2024

OI Weighted Average Strike Price (OI-WASP)

OI-WASP levels marked with dotted red lines on Nifty 50 (75 Min) chart. What is Open Interest Weighted Average Strike Price? The Open Interest Weighted Average Strike Price (OI-WASP) is a weighted average, which tells us about where the most significant open interest lies within […]
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