Sunday, June 24, 2012

Option Open Interest for 22-06-2012

Inference
Nifty opened weak below the dotted lines on the back of very bad global cues and got sold off below 5100 level. The buyers got into the act and moved the index well above 5100 to around 5150 to ultimately close the day and week at 5146.05, a small loss of 18.95, but a weekly gain of 7 points. The Option Table saw huge liquidation at 5200 and 5300CE Level.
  • Call option 5000-5100 added 2.24 lacs huge amount of OI, with huge liquidation seen at 4900 and below strike prices.
  • Put Option 5100-4800 added 19.2 lacs huge amount of OI, with profit booking seen at 4700 and below strike price.
  • Highest accumulation on Call option 5300 at 76.1 lacs & 5200 at 70.5 lacs whereas Put option 4800 at 90.2 lacs & 5000 at 89.1 lacs.
  • Nifty Open Interest is at 1,68,79,450 down by 4,71,950 with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 23,71,950 down by 1,636,250 with no change in price, most probably long liquidation.
  • FII’s bought huge 2.59 lacs Futures, most probably long build-up, as their OI also increased by 11.45 lacs, and their average price per contract comes to around 5010.
  • FII’s future open contract as on date is 5.37 lacs.
  • PCR Open Interest (Volume) is at 1.816, the high point of the series.
  • Support for the day is now placed at 5100 with OI of above 59.6 lacs, below that at 5000 with highest OI of 89.1 lacs.
  • Resistance is right now placed at 5200, though covered 7.3 lacs but OI still above 70 lacs and above that at 5300 with highest OI of 76.1 lacs.
  • Range as per Option Table is 5077 -5195 and as per VIX is 5091 - 5201 with 5140 as the Pivot.
Option Call for 25-06-2012
Buy Nifty 5100CE above 75 for targets of 91, 108 SL - 68
Buy Nifty 5200PE above 81 for targets of 103, 137 SL - 77

India VIX : 20.58 up by 0.64 points
Call OI : 35130050
Put OI : 63786000
PCR OI : 1.816
SMR : 11.33 (Bullish: Bulls are holding the lower levels and Bears the higher one, status quo maintained for the week...)