Sunday, June 17, 2012

Option Open Interest for 15-06-2012

Inference
It was a good day for the Bulls with the Nifty opening above the previous day’s close and the momentum being carried on till the end of day. The Index closed at the highs of the day at 5139.05 a huge gain of 84.30 points, in anticipation of good result from Greece and rate cut from the RBI governor on Monday. The Option Table saw huge addition at 5000-5200PE levels and now 5000 looks like a super support for the series.
  • Call option 5200-5500 added 7.1 lacs huge amount of OI, with some liquidation seen at 5100 and below strike prices.
  • Put Option 5200-4600 added 44.4 lacs huge amount of OI, with not much change in other strike prices.
  • Highest accumulation on Call option 5200 at 64.5 lacs & 5300 at 52.4 lacs whereas Put option 4800 at 83.6 lacs & 5000 at 69 lacs.
  • Nifty Open Interest is at 1,63,38,750 up by 7,49,250 with huge increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 24,43,950 up by 65,025 with huge increase in price, most probably huge long build-up.
  • FII’s bought huge 4.28 lacs Futures, most probably long build-up, as their OI also increased by 12.30 lacs, and their average price per contract comes to around 5026.
  • FII’s future open contract as on date is 4.19 lacs.
  • PCR Open Interest (Volume) has jumped to 1.768 with huge addition at 5100PE.
  • Support for the day at 5100 with huge addition of 13.6 lacs, below that at 500 with huge OI of above 69 lacs.
  • Resistance is right now placed at 5200, with highest OI of 64.5 lacs and above that at 5300 with OI above 52 lacs.
  • Range as per Option Table is 5062 -5182 and as per VIX is 5070 - 5208 with 5110 as the Pivot.
Option Call for 18-06-2012
Buy Nifty 5200CE above 69 for targets of 81, 93 SL - 59
Buy Nifty 5100PE above 86 for targets of 98, 120 SL - 82

India VIX : 25.54 down by 0.17 points
Call OI : 35270500
Put OI : 62371350
PCR OI : 1.768
SMR : 14.44 (Bullish : Bulls upped the ante with a huge up-move and addition at 5000-5200PE Levels, but need to be cautious at higher levels...)