Thursday, June 28, 2012

Option Open Interest for 28-06-2012

Inference
Nifty today had a very dull expiry within a range of just 34 points with first half range of approx 10 points. The index ultimately closed the day at 5149.15, a small gain of 7.25 points. The Option Table at the start of the series look like developing a range of 5000-5300. July series saw addition of 1.2 Cr Open Interest within the range of 5095-5195.
  • Call option 52000-5600 added 42.6 lacs huge amount of OI, with small also at lower levels.
  • Put Option 5100-4600 added 63.6 lacs huge amount of OI, with small addition at higher levels.
  • Highest accumulation on Call option 5300 at 44.8 lacs & 5200 at 38.5 lacs whereas Put option 5000 at 57.8 lacs & 4900 at 38.7 lacs.
  • Nifty Open Interest is at 1,80,83,050 up by 48,86,450 with small increase in price, 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 24,91,325 up by 9,51,850 with no change in price, 100% rollover with huge some long/short build-up.
  • FII’s bought small 0.56 lacs Futures, most probably long build-up, their OI decreased by 1.23 Crore, and their average price per contract comes to around 5080.
  • FII’s future open contract as on date is 4.32 lacs.
  • PCR Open Interest (Volume) at the start of the series is at healthy 1.477.
  • Support for the day at 5100, with huge addition of 8.75 lacs, below that at 5000 with highest OI of 57.8 lacs.
  • Resistance is right now placed at 5200, with OI of 38.5 lacs and above that at 5300 with highest OI of 44.8 lacs.
  • Range as per Option Table is 5090 -5201 and as per VIX is 5094 - 5205 with 5145 as the Pivot.
Option Call for 29-06-2012
Buy Nifty 5200CE above 85 for targets of 93, 104 SL - 81
Buy Nifty 5100PE above 87 for targets of 96, 106 SL - 82

India VIX : 20.62 up by 0.25 points
Call OI : 23959400
Put OI : 35378000
PCR OI : 1.477
SMR : 13.96 (Bullish to Neutral: Bulls are looking tired but Bears are also not doing much, Range of 5094-5195 is important...)