The Weekly Range Calculator is a LTP Calculator learning tool especially designed for traders enrolled in our free stock market course. It helps you in practicing the calculation of L1, L2, and L3 weekly range on LTP Calculator.

The Weekly Range refers to the price range within which the market is expected to close on expiry day. There are three ranges:

• L1 Range: The initial expected range.
• L2 Range: If the market breaks the L1 range, it is then expected to close within the L2 range.
• L3 Range: If the market also breaks the L2 range, it is then expected to close within the L3 range.

These ranges help traders identify potential support and resistance levels for the week.

Follow these simple steps:

Step 01: Enter the current market price in the "Market Price" box.

Step 02: Enter the first OTM call side value in the "Call Side" box.

Step 03: Enter the first OTM put side value in the "Put Side" box.

Step 04: Click the "Calculate" button to generate the L1, L2, and L3 weekly ranges.

To ensure accuracy, follow these steps:

• Open the LTP Calculator option chain on the first trading day of the week at 9:15 AM.
• Collect the following data:
  • Current Market Price
  • First OTM Call Side value
  • First OTM Put Side value