Do read our previous post to know more about Enhanced Watchlist:
Click here
How do you find this feature?
- Go to Search by clicking the “+” option at the top of the watchlist. Then, type just 2 characters of your desired scrip for quicker results.
- Add multiple options strikes of the same index or different scrips to track the movement of the underlying and its impact on the strike, such as changing from ATM to ITM or OTM.
- To download the watchlist, click the 3 dots on the watchlist header and select “download watchlist.”
- To pin different instruments like indices or scrips, click the down chevron icon on the header of the watchlist. You can access a dropdown of items you’ve pinned, including the nearest month futures contracts of MCX Commodities.
When should you consider using this feature?
- When managing a large watchlist: If you have multiple scrips in your watchlist and need to quickly assess their performance or make quick trading decisions.
- For active traders: If you’re looking to speed up your workflow by quickly scanning and accessing data points without switching between multiple tabs or sections.
- When performing technical analysis: If you’re tracking option strikes and want to quickly view their relationship to the underlying scrip, making it easier to spot trading opportunities.
- For research and analysis: If you want to download the watchlist for off-platform analysis or keep it for record-keeping purposes, especially if you’re analyzing patterns or tracking specific scrips over time.
- For real-time decision-making: If you need to stay updated on the latest market movements, such as monitoring expiry dates for index options or futures contracts, and want to make quick trades based on that data.
- When tracking commodities: If you trade MCX commodities and want to pin the nearest futures contracts for easy access, ensuring you’re always aware of the market’s next moves.
- To save time on routine tasks: If you frequently switch between multiple tasks (e.g., monitoring holdings, reviewing options chain, or analyzing market trends), this feature can streamline your actions and reduce repetitive efforts.