Friday, June 15, 2012

Option Open Interest for 14-06-2012

Inference
Today it was Inflation which did the Nifty in. The Index opened flat to negative and was quiet till Inflation data came in at 7.55% against 7.23% in previous month. The rising inflation diminished hopes of monetary easing and market participant went on long liquidation spree, which saw Nifty end at the lows of day at 5054.75, a huge loss of 66.70 points. Option Table saw huge addition at 5100CE to the tune of 8.54 lacs.
  • Call option 5100, 5300-5400 added 14.9 lacs, with some profit booking seen at 5200 strike price.
  • Put Option 5000 added 3.04 lacs huge amount of OI, with huge liquidation seen at 5100 and above strike prices.
  • Highest accumulation on Call option 5200 at 63.8 lacs & 5100 at 58.2 lacs whereas Put option 4800 at 81.8 lacs & 5000 at 63.2 lacs.
  • Nifty Open Interest is at 1,55,89,500 down by 5,99,300 with huge decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 23,78,925 down by 66,375 with huge decrease in price, most probably huge long liquidation.
  • PCR Open Interest (Volume) has gone down for the day but still comfortably placed at 1.647.
  • Support for the day at 5000 with huge addition of 3.03 lacs, below that at 4900-4800 with OI of above 60 lacs.
  • Resistance got build-up at 5100, with huge addition of 8.5 lacs and above that at 5200 with highest OI of 63.8 lacs.
  • Range as per Option Table is 5013 -5130 and as per VIX is 4987 - 5123 with 5080 as the Pivot.
Option Call for 15-06-2012
Buy Nifty 5100CE above 85 for targets of 101, 129 SL - 81
Buy Nifty 5000PE above 75 for targets of 86, 98 SL - 66

India VIX : 25.71 up by 1.35 points
Call OI : 35226300
Put OI : 58016650
PCR OI : 1.647
SMR : 15.61 (Neutral to Bullish: Bears got a look in, but still far away to take control, maybe Friday can be of some help to them...)