Wednesday, July 18, 2012

Option Open Interest for 18-07-2012

Inference
Nifty opened on flat note, but was sold of instantly to the lows of the day at 5170, but the responsive buyers took control and moved the index in green and above the psychological level of 5200 to close at 5216.30 a gain of 23.45 points. The Option Interest Table did not see much of a change, the only redeeming point for Bulls was the huge liquidation seen at 5200CE.
  • Call option 5400 added just 1.08 lacs of OI, with liquidation seen at 5300 and below levels.
  • Put Option 5100-5200 added huge 3.89 lacs of OI, with huge profit booking seen at 5000 and below levels.
  • Highest accumulation on Call option 5300 at 94.2 lacs & 5400 at 92.7 lacs whereas Put option 5000 at 84 lacs & 5100 at 67.8 lacs.
  • Nifty Open Interest is at 2,38,39,800 down by 4,78,450 with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 24,63,975 down by 1,68,275 with increase in price, most probably huge short covering.
  • FII’s sold 5.2 lacs Futures, most probably long liquidation, as their OI also decreased by 2.60 lacs, and their average price per contract comes to around 5058.
  • FII’s future open contract as on date is 6.06 lacs.
  • PCR Open Interest (Volume) just went above the danger level of 1.2 and now at 1.225.
  • Support right now at 5100 looks good with OI of 67.8 lacs, below that at 5000, having highest OI on PE side at 84 lacs.
  • Resistance at 5300 with highest OI of above 94 lacs.
  • Range as per Option Table is 5156 -5258 and as per VIX is 5169 - 5264 with 5220 as the Pivot.
Option Call for 19-07-2012
Buy Nifty 5200CE above 58 for targets of 70, 82 SL - 54
Buy Nifty 5200PE above 42 for targets of 53, 71 SL - 39

India VIX : 17.44 down by 0.34 points
Call OI : 38001200
Put OI : 46543150
PCR OI : 1.225
SMR : 14.24 (Neutral: Bears got a chance for the KILL, but wasted it by the end of the day to let the Bulls get in...)