ScannersStrategies

Scan NIFTY Monthly

The options scanner pinpoints the bank nifty options contracts with an SMA(21) less than or equal to the SMA(50), while ensuring the RSI(14) is under 50, observed on a 5-minute chart, indicating a potential downtrend and weakened relative strength. This information is highly relevant for those using intraday screeners.

Universe

Nifty Option Current

Time Frame

1 Minute

Conditions

Multitime frame(hour, Low(0) lower than EMA(close, 50, 0) ) and Multitime frame(hour, Close(0) higher than EMA(close, 50, 0) ) and Multitime frame(hour, Close(0) higher than Supertrend(7,3,0) ) and Multitime frame(hour, Close(0) ) lower than equal to Symbol(INDICES_NIFTY TOTAL MKT, Multitime frame(hour, Close(0) ) ) * 0.015

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