Thursday, July 5, 2012

Option Open Interest for 05-06-2012

Inference
Nifty opened flat just below the previous day’s close and traded in a small range of 20 points. A small breakout during the afternoon session saw it above 5330, but closed with a small gain of 24.75 points at 5327.75. The Option Table saw huge addition at 5300PE.
  • Call option 5400-5600 added 14.5 lacs huge amount of OI, with huge liquidation seen at 5300 and lower levels.
  • Put Option 5400-4900 added 26.5 lacs huge amount of OI, with profit booking seen at 4800 and below levels.
  • Highest accumulation on Call option 5400 at 67.7 lacs & 5500 at 55.1 lacs whereas Put option 5000 at 72.7 lacs & 5200 at 59.5 lacs.
  • Nifty Open Interest is at 2,37,65,850 up by 4,75,200 with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 27,91,550 up by 83,400 with increase in price, most probably long build-up.
  • FII’s bought huge 3.46 lacs Futures, most probably long build-up, their OI also increased by 5.02 lacs, and their average price per contract comes to around 5189.
  • FII’s future open contract as on date is 5.37 lacs.
  • PCR Open Interest (Volume) has just jumped above 1.5 with huge addition at 5300PE to 1.510.
  • Support is at 5300 with huge addition of 9 lacs, and below that at 5200 with OI of over 59.46 lacs.
  • Resistance at 5400, with highest OI of 67.7 lacs and above that at 5500 with OI of just above 55 lacs.
  • Range as per Option Table is 5264 -5373 and as per VIX is 5276 - 5378 with 5300 as the Pivot.
Option Call for 06-07-2012
Buy Nifty 5400CE above 58 for targets of 66, 75 SL - 53
Buy Nifty 5300PE above 70 for targets of 78, 93 SL - 67

India VIX : 18.35 up by 0.08 points
Call OI : 33148850
Put OI : 50061800
PCR OI : 1.510
SMR : 12.15 (Bullish : Consolidation with Higher High in the making, need to be cautious at higher levels now...)