Monday, June 25, 2012

Option Open Interest for 25-06-2012

Inference
Nifty opened strong on anticipation of something big coming from the RBI and the FM, and went on to touch 5194, but the measures were below street expectations and the market gave a thumbs down with huge move down of 100 points from the top within the next hour of trade to end the day at the lows of 5114.65, a loss of 31.40 points and aligned with the weak global cues. The Option Table saw huge addition at 5200CE.
  • Call option 5100-5300 added 15.3 lacs huge amount of OI, with huge liquidation seen at 5000 and below strike prices.
  • Put Option 5200 added 3.65 lacs huge amount of OI, with profit booking seen at 5100 and below strike price.
  • Highest accumulation on Call option 5200 at 82.4 lacs & 5300 at 77.4 lacs whereas Put option 4800 at 89.9 lacs & 5000 at 88.1 lacs.
  • Nifty Open Interest is at 1,72,32,350 up by 3,52,900 with decrease in price, whereas July series added 22.8 lacs OI most probably huge short build-up.
  • Bank Nifty Open Interest is at 23,71,950 down by 2,75,475 with decrease in price, whereas July series added 2.49 lacs, most 90% rollover with some long liquidation.
  • FII’s sold huge 1.38 lacs Futures, most probably short build-up, as their OI also increased by 44.85 lacs, and their average price per contract comes to around 4987.
  • FII’s future open contract as on date is 6.27 lacs.
  • PCR Open Interest (Volume) is at 1.765, down from the highs of 1.816, due to huge addition at 5200CE.
  • Support for the day is still placed at 5100, but now weakened, below that at 5000 with highest OI of 89.1 lacs.
  • Resistance is right now placed at 5200, with highest OI of 82.4 lacs and above that at 5300 with huge OI of 77.4 lacs.
  • Range as per Option Table is 5072 -5193 and as per VIX is 5057 - 5172 with 5130 as the Pivot.
Option Call for 26-06-2012
Buy Nifty 5100CE above 65 for targets of 91, 128 SL - 61
Buy Nifty 5200PE above 95 for targets of 120, 146 SL - 79

India VIX : 21.57 up by 0.99 points
Call OI : 35348550
Put OI : 62395850
PCR OI : 1.765
SMR : 12.22 (Bullish to Neutral : Bears made a comeback on lower than anticipated RBI and FM action, well the caution was always there...)