Tuesday, May 29, 2012

Option Open Interest for 29-05-2012

Inference
Nifty opened flat and carried on the momentum from yesterday to touch 5020, but strong selling around there pushed the index back to the previous day’s level. Nifty closed flat at 4990.10, a small gain of 4.45 point. Good rollover was seen today with June Series adding 20.2 lacs open interest. The Option Table saw huge addition at 5000-4800PE with 4800 now the base.
  • Call option 5100 added 4.97 lacs huge amount of OI, with huge short covering seen at 4900 and below strike prices.
  • Put Option 5000-4800 added 18.7 lacs huge amount of OI, with huge profit booking seen at 4700 and below strike prices.
  • Highest accumulation on Call option 5100 at 69.8 lacs & 5200 at 60 lacs whereas Put option 4700 at 82 lacs & 4800 at 76.8 lacs.
  • Nifty Open Interest is at 1,62,89,300 down by 15,19,450 with not much change in price, whereas June series added a whopping 20.2 lacs, most probably 100% rollover and huge long build-up.
  • Bank Nifty Open Interest is at 14,68,275 down by 3,67,175 with increase in price, whereas June series added 6.1 lacs, most probably 100% rollover with huge long build-up.
  • FII’s bought huge 4.74 lacs of Futures most probably long build-up, as their OI also increased by 10.03 lacs, and their average price per contract comes to around 4782.
  • PCR Open is increasing by the day and now at 0.979, due to huge addition seen at 5000-4800PE Level.
  • Support at 4900 got cemented with OI now at 68.6 lacs and below that at 4800-4700 with highest OI of 85.8 lacs.
  • Resistance is weakening at 5000 with OI decreasing by another 3.8 lacs and above that at 5100 with highest OI of 69.8 lacs.
  • Range as per Option Table is 4935 - 5054 and as per VIX is 4927 - 5053 with 4980 as the Pivot.
Option Call for 30-05-2012
Buy Nifty 5000CE above 26 for targets of 32, 42 SL - 22
Buy Nifty 5000PE above 41 for targets of 53, 66 SL - 38

India VIX : 24.03 up by 0.35 points
Call OI : 40855400
Put OI : 39989700
PCR OI : 0.979
SMR : 24.55 (Neutral: A pause day with Nifty holding on to gains from previous day, PE Writers making merry...)