Tuesday, July 3, 2012

Option Open Interest for 03-06-2012

Inference
Nifty opened with a small gap-up, and went straight up to cross previous day’s high but was sold off to below 5300 level. The index consolidated around 5300 for the better part of the day, but another sell-off saw Nifty down to 5270. The responsive buyer took control and the index closed at 5286.85, a small gain of 8.25 points. The Option Table saw huge addition at 5300PE and 5400CE.
  • Call option 5300-5700 added 15.8 lacs huge amount of OI, with small liquidation seen at 5200 and lower levels.
  • Put Option 5300-4900 added 15.8 lacs huge amount of OI, with small profit booking seen at 4800 and below levels.
  • Highest accumulation on Call option 5400 at 57.8 lacs & 5300 at 54.2 lacs whereas Put option 5000 at 66 lacs & 5200 at 48.8 lacs.
  • Nifty Open Interest is at 2,26,44,100 up by 6,27,050 with small increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 26,15,450 up by 93,000 with increase in price, most probably some long build-up.
  • FII’s bought huge 8.53 lacs Futures, most probably long build-up, their OI also increased by 2.47 lacs, and their average price per contract comes to around 5188.
  • FII’s future open contract as on date is 5.01 lacs.
  • PCR Open Interest (Volume) is nearly at same level of 1.484.
  • Support at 5200 is getting better by the day with OI now standing at 48.8 lacs, below that at 5000 with highest OI of 66 lacs.
  • Resistance at 5300 added some more fire power with OI increasing to a solid 54.2 lacs, and above that at 5400 with highest OI of 57.8 lacs.
  • Range as per Option Table is 5234 -5344 and as per VIX is 5235 - 5338 with 5280 as the Pivot.
Option Call for 04-07-2012
Buy Nifty 5300CE above 96 for targets of 104, 117 SL - 91
Buy Nifty 5300PE above 97 for targets of 109, 122 SL - 91

India VIX : 19.0 down by 0.07 points
Call OI : 31246300
Put OI : 46372950
PCR OI : 1.484
SMR : 12.81 (Bullish : Another consolidation day with small extension towards the up-side...)