Monday, June 18, 2012

Option Open Interest for 18-06-2012

Inference
Nifty followed up from where it left on Friday to hit a high of 5190, but it got a huge shock in the form of RBI governor not tinkering with the rates as per street expectation. The index nose-dived more than 100 points within a few minutes after the announcement and went below 5050, just to close above at 5064.25, a huge loss of 74.80 points. The Option Table saw huge addition at 5200-5300CE levels and 4900PE.
  • Call option 5000-5300 added 11.9 lacs huge amount of OI, with some liquidation seen at 4900 and below strike prices.
  • Put Option 5000-4700 added 18.3 lacs huge amount of OI, with huge liquidation at 4600 and 5100 and above strike prices.
  • Highest accumulation on Call option 5200 at 67.8 lacs & 5300 at 56.6 lacs whereas Put option 4800 at 85.2 lacs & 5000 at 69.3 lacs.
  • Nifty Open Interest is at 1,65,04,350 up by 1,65,600 with huge decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 25,51,825 up by 1,07,875 with huge decrease in price, most probably huge short build-up.
  • FII’s bought huge 3.3 lacs Futures, most probably long build-up, as their OI also increased by 16.4 lacs, and their average price per contract comes to around 4935.
  • FII’s future open contract as on date is 4.52 lacs.
  • PCR Open Interest (Volume) has gone down a bit to 1.672 with huge liquidation at 4600PE.
  • Support for the day at 5000 with OI of above 69 lacs, below that at 4900 with huge OI of above 68 lacs.
  • Resistance is right now placed at 5100, with OI of 53.7 lacs and above that at 5200 with highest OI above 67.8 lacs.
  • Range as per Option Table is 5029 -5152 and as per VIX is 5004 - 5124 with 5080 as the Pivot.
Option Call for 19-06-2012
Buy Nifty 5100CE above 80 for targets of 111, 153 SL - 74
Buy Nifty 5100PE above 92 for targets of 121, 150 SL - 81

India VIX : 22.60 down by 2.94 points
Call OI : 35904200
Put OI : 60021800
PCR OI : 1.672
SMR : 13.52 (Neutral to Bullish: Bulls lost all that was gained on Friday as they anticipated too much from RBI...)