Nifty futures reverse from its low of 7952.5 after US Federal Reserve at the end of a two-day policy meeting on last Wednesday, 17th Sep 2014, maintained a commitment to keep US interest rates near zero for a considerable time.
Nifty Futures Hourly Chart
Nifty Futures Hourly Chart
Nifty Open Interest Lookup
When nifty futures dips below sub 8000 level 8200CE writers started building open interest on reversal back after the FED meeting 8000PE writers are back again with building huge open interest positions over there and the declining volatility will favor the 8000PE writers in eating up the premiums as expiry is nearing.
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