Wednesday, July 4, 2012

Option Open Interest for 04-07-2012

Inference
Nifty for the third straight day consolidated within a narrow range with positive bias, a dip which came around mid session was promptly bought into. The index ultimately closed in the positive and above the psychological level of 5300 after a long time. Nifty closed the day with a smallish gain of 14.60 points at 5302.55. The Option Table saw huge addition at 5200-5300PE and 5400CE.
  • Call option 5200-5600 added 13.7 lacs huge amount of OI, with small liquidation seen at 5100 and lower levels.
  • Put Option 5400-4900 added 18.2 lacs huge amount of OI, with profit booking seen at 4800 and below levels.
  • Highest accumulation on Call option 5400 at 64 lacs & 5300 at 54.7 lacs whereas Put option 5000 at 69.2 lacs & 5200 at 54.1 lacs.
  • Nifty Open Interest is at 2,32,90,650 up by 6,46,550 with small increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 27,08,150 up by 92,700 with increase in price, most probably long build-up.
  • FII’s bought huge 5.79 lacs Futures, most probably long build-up, their OI also increased by 12.86 lacs, and their average price per contract comes to around 5188.
  • FII’s future open contract as on date is 5.27 lacs.
  • PCR Open Interest (Volume) is nearly at same level of 1.483.
  • Support is at 5200 with OI now above 54 lacs, below that at 5000 with highest OI of 69.2 lacs.
  • Though Nifty is trading at 5300, but still OI at 5300CE is not decreasing and above that at 5400 with highest OI of 64 lacs.
  • Range as per Option Table is 5242 -5353 and as per VIX is 5252 - 5353 with 5290 as the Pivot.
Option Call for 05-07-2012
Buy Nifty 5300CE above 97 for targets of 105, 112 SL - 92
Buy Nifty 5300PE above 80 for targets of 89, 104 SL - 77

India VIX : 18.27 down by 0.29 points
Call OI : 32401700
Put OI : 48043100
PCR OI : 1.483
SMR : 12.32 (Bullish: A Breakout/Breakdown is lurking, keep your stops in place...)

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