If you are a trader or an investor, you might have heard about LTP. Do you know what it stands for? The LTP or Last Trading Price is commonly used in the stock market.
Prices of a stock in the dynamic market vary depending upon the supply and demand. The LTP represents this by the price at which the latest trading occured. This helps investors to analyze the actual price of a stock.
LTP Calculator is an efficient tool for trcking the Last Traded Price of options and futures, equities, commodities, etc. It also allows you to track other values like volume, delta, open interest, and price change. It shows all the details of Calls and Puts in a single screen, making it easier for traders to understand the buying and selling levels. By using this free calculator by NSE, traders can optimize their trading strategies and make higher profits.
Keep reading to learn about the top 3 uses of the LTP Calculator for equity market traders.
Uses Of LTP Calculator For Equity Market Traders
LTP is a beginning point for equity traders to decide their ask or bid prices. When trading in the equity market, it is essential to collect all the information about the latest traded prices of a selected stock. Let us see the use of an ltp calculator in the equity market.
- To Understand Real-Time Market Action:
If you are struggling to know the prices of stocks, movements, market trends, support and resistance levels, the ltp calculator helps you understand everything that is needed to trade in the equity market. The LTP Calculator provides real-time data and shows the most recent traded price, presenting the snapshot of the current market price of the equities that you want to buy or trade. This real-time data helps you stay aligned with the market trend and this knowledge can be used for making quick important decisions in the fast-moving stock market.
- Instant Decision-Making:
Tracking LTP helps traders to gauge market sentiment and predict price movements in the future. A rising LTP marks a buying interest and a falling LTP marks selling pressure. Traders can use this information to decide whether to buy, sell, or hold a stock.
- Benchmarking And Performance Evaluation:
With LTP Calculator traders can match their portfolio performance according to the present market value. It also helps traders to assess whether their investments are performing according to the market trend.
- Helps In Identifying Market Trends:
LTP Calculator is also used to identify short-term market trend by looking at its movement for a specific time.
- Setting Stop-Loss And Target Prices:
Intraday traders use LTP calculators to mark stop-loss and target prices. It is also used to define a price point at which the traders can exit a trade to limit the possibility of losses or to lock profits.
- Confirming Breakouts and Reversals:
It is also used with other technical indicators to identify breakouts and trend reversals. If a breakout is above a resistance level, confirmed by an increasing LTP, it represents a bullish trend.
- Understanding Option Chain Data:
LTP Calculator is also used in option chain data to get insights into the important values of option contracts. It allow traders to make the right decisions.
Conclusion
LTP Calculator simplifies the necessary data into a user-friendly format and makes it easy to analyze for every traders. By having accurate data, traders can optimize their decisions thereby making high profits.
With live LTP prices, traders can predict the overall market sentiment and lower the risk of their positions.
