Monday, July 2, 2012

Option Open Interest for 02-07-2012

Nifty opened flat and oscillated within a narrow range of 35-40 for the full session keeping previous day’s close as the pivot, in other words it was a perfect consolidation day after the huge up-move that was seen on last Friday. The index saw one of the flattest days to close at 5278.60, a miniscule loss of 0.30 points. The Option Table saw huge addition at 5200-5100PE and 5300-5400CE.
  • Call option 5200-5600 added 25.7 lacs huge amount of OI, with profit booking seen at 5700 and higher levels.
  • Put Option 5400-4800 added 30.2 lacs huge amount of OI, with small profit booking seen at 4700 level.
  • Highest accumulation on Call option 5400 at 52.7 lacs & 5300 at 51.2 lacs whereas Put option 5000 at 64 lacs & 5100 at 49.8 lacs.
  • Nifty Open Interest is at 2,20,17,050 up by 3,78,850 with no change in price, most probably short build-up.
  • Bank Nifty Open Interest is at 25,22,450 up by 15,975 with huge increase in price, most probably some long build-up.
  • FII’s sold 66.4 thousand Futures, most probably short build-up, their OI also increased by 5 lacs, and their average price per contract comes to around 5189.
  • FII’s future open contract as on date is 4.96 lacs.
  • PCR Open Interest (Volume) went down a bit to 1.495 due to profit booking at lower levels in PE.
  • Support at 5200 got better, with huge addition of 8.5 lacs, below that at 5000 with highest OI of 64 lacs.
  • Resistance is right now placed at 5300, with OI of 51.2 lacs and above that at 5400 with highest OI of 52.7 lacs.
  • Range as per Option Table is 5224 -5337 and as per VIX is 5226 - 5331 with 5280 as the Pivot.
Option Call for 03-07-2012

India VIX : 19.01 down by 0.07 points
Call OI : 29971450
Put OI : 44800050
PCR OI : 1.495
SMR : 12.72 (Bullish: Perfect consolidation day with Option Writers trying to cement their place...)