Last past two days of action could stumbled call writers as there is unwinding in 4800CE,4900CE,5000CE open Interest and put writers
overtakes the position which is also reflected in the market sentiment
too. But once again Call writers had started their call writing job

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.
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Open Interest Sentiment – 6,Feb2010