Open Interest Sentiment
6 February 2010
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3 Comments
Finally very high open interest builtup in 5000 CE Feb seires as expected.
It symbols 5000 calls are strongly written by call writers. Which indicates
that option writers for time being considering 5000 as strong resistance point
Related Readings and Observations
5/13 EMA Weekly Crossover likely to happen in Nifty – 3 Feb 2010
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Written by: Rajandran R
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As per chart, still Put writers are majority than call writers. What do you think about next week?. Is your chart auto updated or manually updated.http://markethypothesis.blogspot.com
Its automated. High Open Interest Indicates in a particular Strike price indicates call/put writers confidence regardless of other strike prices
[...] right from 17th Jan 2010 onwards. And in the February season they started writing 5000CE on February 5 as there is a suspected 5/13 Weekly EMA crossover and then later they take one step forward and [...]