nifty high open interest means?

[mmohanar]

Highest open interest in nifty ( dec15)

8000dec15ce - 2495675 CHG 285775
8200dec15ce - 2571900 CHG 396625
8500dec15ce - 2991600 CHG 85850
9000dec15ce - 3308325 CHG 21775

7700dec15pe - 1442550 CHG -14400
7600dec15pe - 1256500 CHG 175225
7500dec15pe - 4010050 CHG 166775


Individual highest open interest in 7500dec15pe

Is market heading towards 7500?

But long side has more weight?

Which side market moving?

Is market heading towards 7500 or 8500?

Regards,

Mmohanar

 

[ADSO]

I agree with you .. but still i see it falling to 380 levels .. !!! .. don't know why ..

 

[ADSO]

went below 380!!!

 

[mmohanar]

Dear adso

Already told tatamotors range 400-430. it first reached 430 levels.back to 380level.it is due to weak global cue.still it will go to 420 levels after fed hike.