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
2 comments
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
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