Open Interest built up is still higher at 7500CE and despite call option writing at 7500 nifty surges and closed with a weekly return of 4.88%. 7500CE and 7600CE are the highest open interest builtup on the call side on the put side 7000PE holds the highest open interest. Also the overall open interest figures shows that call/put writers are not confident at this moment.
High Open Interest Seen in 4900 CE and 5000 CE which indicates strong call writing. As of now call writiers are confident of the resistance level 4900. Related Posts: Open Interest Sentiment – 6,Feb2010