Wednesday, June 20, 2012

Option Open Interest for 20-06-2012

Inference
Nifty opened above the dotted line, and remained range bound for the entire session within a range of 40 points with a high of 5141 and low of 5100. It seemed that market participants are waiting to for the all important Federal Reserve monetary policy decision and not ready to take undue position. The market closed at the middle of the range at 5120.55 with a smallish gain of 16.70 points, another positive day. The Option Table saw huge addition at 5300CE and 5000PE.
  • Call option 5100-5300 added 20.8 lacs huge amount of OI, with some liquidation seen at 5000 and below strike prices.
  • Put Option 5200-4800 added 32.3 lacs huge amount of OI, with huge liquidation at 4700 strike price.
  • Highest accumulation on Call option 5300 at 80.8 lacs & 5200 at 74.2 lacs whereas Put option 4800 at 90.4 lacs & 5000 at 87.5 lacs.
  • Nifty Open Interest is at 1,65,44,250 up by 1,58,800 with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 25,41,475 down by 5,700 with increase in price, most probably small short covering.
  • FII’s bought huge 4.16 lacs Futures, most probably long build-up, as their OI also increased by 7.61 lacs, and their average price per contract comes to around 4972.
  • FII’s future open contract as on date is 4.85 lacs.
  • PCR Open Interest (Volume) is a bit down at 1.620 with huge liquidation at 4700PE.
  • Super Support for the series is now placed at 5000 with OI of above 87.5 lacs, below that at 4900-4800 with huge OI of 74 and 90 lacs respectively.
  • Resistance is right now placed at 5200, with OI of above 74 lacs and above that at 5300 with highest OI of 80.8 lacs.
  • Range as per Option Table is 5059 -5181 and as per VIX is 5064 - 5177 with 5110 as the Pivot.
Option Call for 21-06-2012
Buy Nifty 5100CE above 68 for targets of 79, 90 SL - 64
Buy Nifty 5100PE above 49 for targets of 60, 72 SL - 45

India VIX : 21.03 down by 0.40 points
Call OI : 38348250
Put OI : 62135050
PCR OI : 1.620
SMR : 12.98 (Bullish: Bulls are holding onto gains but unable to scale higher levels, stay cautious at higher levels...)