Tuesday, June 5, 2012

Option Open Interest for 05-06-2012

Inference
Nifty for a change opened positive, and immediately saw some short covering which moved the index to 4900 levels. The sellers got active around 4900 and pushed the index to 4850. Though Nifty closed in the green at 4863.30 with a small gain of 15.15 points but the bulls were unable to stamp their authority to the proceeding. The Nifty Option Table saw good addition at 4800PE and 5000CE.
  • Call option 4800-5200 added 12.4 lacs huge amount of OI, with small liquidation seen at 4700 strike price.
  • Put Option 4900-4700 & 4500 added 7.7 lacs huge amount of OI, with liquidation seen at 5000 and above strike prices.
  • Highest accumulation on Call option 5000 at 53.8 lacs & 5100 at 43 lacs whereas Put option 4500 at 67.5 lacs & 4800 at 57.3 lacs.
  • Nifty Open Interest is at 1,58,25,850 down by 64,800 with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 21,57,200 down by 34,100 with increase in price, most probably short covering.
  • FII’s bought huge 6.07 lacs of Futures most probably short covering, as their OI also decreased by 3.12 lacs, and their average price per contract comes to around 4733.
  • FII’s future open contract as on date is 3.24 lacs.
  • PCR Open Interest (Volume) is going down slowly and steadily and now at 1.423.
  • Support for the day comes at 4800 with huge OI of 57.3 lacs and below that at 4700-4600 with OI of more than 47 lacs.
  • Resistance is right now at 5000 with highest OI of 53.8 lacs and above that at 5100 with OI of over 43 lacs.
  • Range as per Option Table is 4811 -4927 and as per VIX is 4796 - 4930 with 4870 as the Pivot.
Option Call for 06-06-2012
Buy Nifty 4900CE above 91 for targets of 100, 111 SL - 87
Buy Nifty 4800PE above 100 for targets of 112, 126 SL - 95

India VIX : 26.26 up by 0.66 points
Call OI : 32787150
Put OI : 46644700
PCR OI : 1.423
SMR : 18.46 (Bearish to Neutral : The follow-up action saw Nifty sold-off from 4900 level, but still closed positive to try another day..)