August 29, 2015

NIFTY open interest figures

NIFTY open interest is giving mixed clues this time.

Highest OI is in 7800 put option meaning writers are bullish this level will not break this series. Next highest OI is at 8000 put but the difference is not much meaning support can shift to 8000 levels very soon.

Call writing resistance is at 8500 levels.

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