Dear Sir and fellow members,
I am creating Stock-Analysis.xlsx everyday now and using shortlisted stocks for day trade watchlist. I have few queries related to same.
For buy shortlisting: all filters condition >= 0.
For sell shortlisting: all filters condition <= 0.
1. I have confusion related to Change in OI and OI Contracts. Is it possible that stock is in downtrend so there is more interest in selling stocks and so Future Contracts or OI will increase? In this case, for selling shortlist filter will not work properly?
2. There are more than 6 criterias (filters). Are the weightage for all filters same? Or we can define some weightage? If yes then can you share some information.
3. The total row is used to find market trend or nifty trend. It is rare to have all filters/criteria fields showing same trend. In this case the weightage would really help. Is there a way to make some sense out of this data?
4. This is my primary way to shortlist stocks for now. Studying other videos to learn more. Can I depend on this as primary shortlisting method or use just as support system?