Futures Tab Walkthrough on HDFC SKY: Where to Find Basis, Rollover, and OI Data

HDFC SKY gives futures traders access to contract prices, Open Interest (OI), rollover data, and other F&O analytics through its trading platform. These tools can help you understand how futures contracts trade and how positions change across expiries. This walkthrough explains where to find Basis-related futures prices, OI data, and rollover information on HDFC SKY, and how to read them together before making any trading decision in a single workflow.

How to Access Futures Data on HDFC SKY

HDFC SKY provides several tools for tracking futures and options. The F&O section includes an Advanced Option & Future Chain, Open Interest Analysis, Market Movers & Scanners, Payoff Analyser, and other tools.

You can also search for a stock directly from the HDFC SKY home screen. After you select the stock, the platform shows its market information. You can then switch to Futures & Options to view the relevant contract prices.

For a futures-focused walkthrough, three areas matter most:

1. Advanced Option & Future Chain for futures contract prices and expiry-wise information.

2. Open Interest Analysis for OI and changes in OI.

3. F&O Rollover for rollover information across stocks and indices.

Where to Find Basis-Related Futures Data on HDFC SKY

Basis helps traders compare the price of a futures contract with the price of its underlying asset. In simple terms, it shows the difference between the spot price and the futures price. You can use the futures contract information in the Advanced Option & Future Chain to compare the underlying price with futures prices.

1. Open the Advanced Option & Future Chain

Start by opening the F&O tools and selecting the required stock or index. Then open the Advanced Option & Future Chain. The tool lets you examine futures and options contracts along with their market information. It provides detailed data to help you analyse individual contracts.

2. Select the Required Futures Expiry

Choose the futures contract that you want to examine. You can then compare its price with the underlying price. For example, assume an index trades at 24,500 in the spot market while its near-month futures contract trades at 24,540. The futures contract trades at a 40-point premium to spot. This difference helps you understand the current futures-spot relationship.

3. Compare Different Futures Expiries

You can also compare the prices of contracts with different expiry dates. Suppose the near-month futures contract trades at 24,540 and the next-month contract trades at 24,590. The 50-point difference shows how the market prices the later expiry relative to the near-month contract.

HDFC SKY itself uses futures premiums and cost-of-carry in its market reports when it compares different futures contracts.

Remember that Basis and the difference between two futures expiries are not the same thing. Basis compares the futures price with the underlying spot price. The difference between two futures contracts compares one expiry with another.

Where to Find Open Interest Data on HDFC SKY

Open Interest, or OI, shows the number of outstanding derivative contracts that remain open. It differs from trading volume because volume measures contracts traded during a period, while OI tracks contracts that remain open.

1. Open the Open Interest Analysis Tool

HDFC SKY provides Open Interest Analysis as a dedicated tool within its F&O offering. You can use it to track changes in open positions and analyse futures activity. HDFC SKY also provides F&O change-in-OI pages that display metrics such as Open Interest, Change in OI, percentage change in OI, and contract volume.

2. Check OI Alongside the Futures Price

OI becomes more useful when you compare it with the futures price. HDFC SKY has four common price-OI combinations:

• Price rises and OI rises: Long build-up
• Price falls and OI rises: Short build-up
• Price rises and OI falls: Short covering
• Price falls and OI falls: Long unwinding

These combinations help describe how positions may be changing in the futures market. However, traders should not treat them as standalone trading signals.

3. Check OI in the Futures Chain

HDFC SKY’s derivatives tools also let you study OI directly in the futures chain. The platform provides futures and options prices, OI, and volume through its F&O tools. The futures chain helps you view the contract price, OI, and volume together, making it easier to compare price movements with changes in open positions.

Also Read: Automated F&O Market Nudges on HDFC SKY: Daily Signals Delivered to You

Where to Find Rollover Data on HDFC SKY

Rollover data helps you see how market participants carry futures positions from one expiry to another. Traders often study rollover around expiry to understand how much activity moves into the next contract.

HDFC SKY provides a dedicated F&O Rollover section with a Rollover Table.

1. Open the F&O Rollover Section

Go to the F&O Rollover section on HDFC SKY. The page provides a Rollover Table for reviewing futures rollover activity. The page currently provides options to switch between Index and Stock data. You can also search for a stock and select a date.

2. Select Stock or Index Rollover Data

Choose Index if you want to review index futures. Choose Stock if you want to examine individual stocks. You can then use the search field to locate a particular stock. The page also provides options for viewing securities with the Highest Future Rollover and Lowest Future Rollover.

3. Use Rollover Data Around Expiry

Rollover becomes especially relevant as a futures contract approaches expiry. A trader can compare the current contract with the next expiry and review how positions move forward. However, a high rollover percentage does not automatically indicate a bullish or bearish trend. You should consider the futures price and OI along with rollover data.

Basis, OI, and Rollover: What Each Metric Tells You

These three metrics answer different questions. Understanding the difference can make the HDFC SKY F&O dashboard easier to use.

HDFC SKY currently identifies the Advanced Option & Future Chain, Open Interest Analysis, and F&O Rollover as separate F&O tools.

HDFC SKY Futures Walkthrough: A Simple Example

A simple example can show how the three tools work together.

1. Search for the Stock or Index

Start from the HDFC SKY home screen and search for the stock or index you want to study. Select the required result and open its Futures & Options information. HDFC SKY provides this route for viewing futures and options contract prices.

2. Select the Futures Contract

Choose the relevant futures expiry. Note the futures price and compare it with the underlying price. This gives you a basic view of the futures premium or discount.

3. Check Open Interest

Move to the OI data and check the current OI and change in OI. Then compare the OI movement with the futures price. For example, if the futures price rises while OI also rises, this combination indicates a long build-up.

4. Check Rollover

Open the F&O Rollover section and search for the same stock or index. Select the required date and review the rollover information. This adds an expiry-related view to the futures analysis.

5. Compare the Findings

Now bring the information together. You can ask three simple questions:

• How does the futures price compare with the underlying price?
• How has OI changed with the futures price?
• How does rollover activity look as the contract approaches expiry?

This approach keeps the analysis simple and prevents you from relying on one metric alone.

Conclusion

HDFC SKY brings futures prices, Open Interest analysis, and rollover data into its F&O tools. Start with the futures chain, check OI, and price changes, and then review rollover data. Reading these metrics together can give you a clearer view of futures positioning without relying on one number alone.