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
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