Open interest in 5400 call seen some short covering but not fully.some confusion in 5300 put,in yesterday's trade the open interest was high and witnessed heavy buying and the open interest went up but today the price was down and open interest was up indicating both short covering and fresh short was created.option writers and interested in writing put option.
What is open interest?Pls refer the below link
http://www.investopedia.com/terms/o/openinterest.asp
I am carrying my short position with stop loss of 5386.Any close above this level will be for buying.
3 High MA-5386
3 Low MA-5312
3 Close MA-5343.
Saturday, April 10, 2010
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