I was very interested to see what the Option Open Interest table would show at the end of the day, so I had a look at it. Here it is...
The data shows accumulation by put writers of about 33% at 4800, bringing the open Interest there to 6.96 million shares.The immediate posiibility is that of a strong support at current prices, but one must not discount the possibility that should prices hold below 4785, it will bring a strong swift move to the 200 DMA currently around 4600 levels.
The largest call OI base is at 5000 strike with 5.18 million shares.This will be a big resistence for the market to overcome should the levels around 4940+ be seen again.
The range of 4800-5000 has remained the same despite the sell-off today.
One should be playing for the bounce tomorrow.
Posts
2 comments:
..and what a bounce it is..
Cheers,
Viren
Dear All,
I am pasting the link for ManishRT (real time data)
Process:
=============
Install .NET 3.5 SP1
Install ManshiRT
Configure Amibroker Database
Prerequisites
=============
.NET 3.5 SP1 or 3.5 SP2
.NET 3.5 SP1 : http://download.microsoft.com/download/2/0/e/20e90413-712f-438c-988e-fdaa79a8ac3d/dotnetfx35.exe
VS 2008 redistributable : http://www.microsoft.com/downloads/details.aspx?FamilyID=9b2da534-3e03-4391-8a4d-074b9f2bc1bf&displaylang=en
Installation and Setup
=====================
latest Version, 1.0.0.3, is available at the following location
http://www.4shared.com/file/zFW3_lJ7/ManshiRT-1003-23-May-2010.html
Download the latest version of ManshiRt and follow the following video for installation and Amibroker / Metastock setup
Videos
==============
Manshi RT Installation
http://www.youtube.com/watch?v=WopZFFzZREk
Manshi RT Amibroker tick DB Setup
http://www.youtube.com/watch?v=62GRSapuFfU
Metastock Setup
http://www.youtube.com/watch?v=n2QskqZYGWQ
ManshiRT Ninja Trader Setup
http://www.youtube.com/watch?v=KFqPfL7a4PU
Manshi RT EOD Module
http://www.youtube.com/watch?v=sMpPMC-96wI
Trade Tiger backfill
http://www.youtube.com/watch?v=lyBMhYU3kF4
ManshiRT FCharts Setup
http://www.youtube.com/watch?v=22rOoHFHsuI
Manshi RT Amibroker DB Setup for ManshiRT plugin
http://www.youtube.com/watch?v=74ZStrJIRrs
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