Nifty Higher Open Interest among the series seen at 4500PE and 4800PE among the june option strike prices. On the calls side higher open interest is seen in 5000CE series. Higher Open Interest near 4800PE indicates a temporary support zone near 4800 zone for the June option Series and breaking 4800 on downside on EOD basis is warning for the bulls in the market.
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Nifty Open Interest Update for June 2012 Option Series
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