Thursday, June 21, 2012

Option Open Interest for 21-06-2012

What started as a Dull Day in Nifty with a range of 20 points in the morning turned out to be a super day for the Bulls. The Index accelerated towards the highs of the day during the last 1 hour of trade to end at 5165.00 a handsome gain of 44.45 points. The Responsive buyers were in control of the market (Responsive Buying - occurs when Commercial/Longer Timeframe traders Buy the market below the Value Area Low rotating price back inside the Value Area.) and ended the day at monthly high. The Option Table saw huge addition at 5200PE and huge liquidation at 5100CE.
  • Call option 5200-5300 added 5.4 lacs huge amount of OI, with huge liquidation seen at 5100 and below strike prices.
  • Put Option 5200-5000 added 18.4 lacs huge amount of OI, with profit booking seen at 4800 and below strike price.
  • Highest accumulation on Call option 5300 at 82.6 lacs & 5200 at 77.8 lacs whereas Put option 5000 at 88 lacs & 4800 at 87.4 lacs.
  • Nifty Open Interest is at 1,73,51,400 up by 8,07,150 with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 25,35,200 down by 6,275 with increase in price, most probably small short covering.
  • FII’s bought huge 3.64 lacs Futures, most probably long build-up, as their OI also increased by 14.29 lacs, and their average price per contract comes to around 5014.
  • FII’s future open contract as on date is 5.14 lacs.
  • PCR Open Interest (Volume) is a back to 1.695 with huge liquidation at 5100CE.
  • Support for the day is now placed at 5100 with OI of above 56.6 lacs, below that at 5000 with highest OI of 88 lacs.
  • Resistance is right now placed at 5200, with OI of above 77.8 lacs and above that the wall of china at 5300 with highest OI of 82.6 lacs.
  • Range as per Option Table is 5088 -5207 and as per VIX is 5111 - 5219 with 5140 as the Pivot.
Option Call for 22-06-2012
Buy Nifty 5100CE above 94 for targets of 111, 128 SL - 79
Buy Nifty 5200PE above 79 for targets of 100, 135 SL - 75

India VIX : 19.94 down by 1.09 points
Call OI : 36949800
Put OI : 62631000
PCR OI : 1.695
SMR : 11.76 (Bullish : Bulls made it clear that they have truly sealed the game, but Bears may have other ideas, be cautious at higher levels...)