Tuesday, June 26, 2012

Option Open Interest for 26-06-2012


Inference
Nifty consolidated throughout the day keeping the previous day’s close as Pivot and a 39 point range making a high of 5134.55 and low of 5095.50 and closing just positive at 5120.80, a smallish gain of 6.15 points. The bias for the better part of the day remained positive, but the sellers were seen around the top. The Option Table saw huge addition at 5100PE with 5000 - 5200 as the max range till expiry.
  • Call option 5000-5200 added 2.06 lacs huge amount of OI, with huge profit booking seen at 5300 and above strike prices.
  • Put Option 5100-4800 added 13.1 lacs huge amount of OI, with huge liquidation seen at 5200 and above strike price.
  • Highest accumulation on Call option 5200 at 83.5 lacs & 5300 at 68.9 lacs whereas Put option 4800 at 91.3 lacs & 5000 at 89.1 lacs.
  • Nifty Open Interest is at 1,52,31,150 down by 20,01,200 with increase in price, whereas July series added 33.25 lacs OI, most probably 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 18,36,975 down by 2,59,500 with increase in price, whereas July series added 4.48 lacs OI, most probably 100% rollover with huge long build-up.
  • FII’s bought huge 15.76 lacs Futures (one of the biggest in recent times), most probably long build-up, as their OI also increased by 28.18 lacs, and their average price per contract comes to around 5011.
  • FII’s future open contract as on date is 6.83 lacs.
  • PCR Open Interest (Volume) is at the highest of the series just 2 days before expiry at 1.862.
  • Support for the day at 5100, with huge addition of 7.9 lacs, with total OI above 63.5 lacs, below that at 5000 with highest OI of 89.14 lacs.
  • Super Resistance is right now placed at 5200, with highest OI of 83.5 lacs and above that at 5300 with huge OI of 68.9 lacs.
  • Range as per Option Table is 5059 -5178 and as per VIX is 5067 - 5175 with 5130 as the Pivot.
Option Call for 27-06-2012
Buy Nifty 5100CE above 43 for targets of 57, 71 SL - 39
Buy Nifty 5200PE above 85 for targets of 102, 125 SL - 81

India VIX : 20.23 down by 1.34 points
Call OI : 33702850
Put OI : 62769800
PCR OI : 1.862
SMR : 10.86 (Bullish: Bulls are holding the lower levels, and PCR at unprecedented level in this series, stay cautious...)