Thursday, July 19, 2012

Option Open Interest for 19-07-2012

Inference
A perfect gap-up and then consolidation for the day was the norm for Nifty today. The range was just 24 points and small dip towards 5235 was promptly bought into. Nifty closed the day with a gain of just 26.40 points at 5242.70 with the Bears unable to make any kind of impact. The Option Table saw huge liquidation at 5200 and 5300CE and addition at 5200PE.
  • Call option 5400 added just 1.1 lacs of OI, with liquidation seen at 5300 and below levels.
  • Put Option 5200-5300 added huge 12.9 lacs of OI, with huge profit booking seen at 5100 and below levels.
  • Highest accumulation on Call option 5400 at 93.8 lacs & 5300 at 89.7 lacs whereas Put option 5000 at 77.5 lacs & 5100 at 66.5 lacs.
  • Nifty Open Interest is at 2,37,34,550 down by 1,05,250 with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 21,56,550 down by 3,07,425 with increase in price, most probably huge short covering.
  • FII’s bought juge 14 lacs Futures, most probably long build-up, as their OI also increased by 16.68 lacs, and their average price per contract comes to around 5071.
  • FII’s future open contract as on date is 6.39 lacs.
  • PCR Open Interest (Volume) has started increasing and now at 1.272.
  • Support just went up at 5200 with huge addition of 8.96 lacs at 5200PE and below that at 5100 and 5000, having highest OI on PE side at 77.5 lacs.
  • Resistance is still at 5300, though a small profit booking was seen and above that at 5400 with highest OI of above 93.8 lacs.
  • Range as per Option Table is 5196 -5296 and as per VIX is 5198 - 5288 with 5240 as the Pivot.
Option Call for 20-07-2012
Buy Nifty 5200CE above 75 for targets of 83, 94 SL - 71
Buy Nifty 5300PE above 66 for targets of 73, 82 SL - 62

India VIX : 16.38 down by 1.06 points
Call OI : 36548750
Put OI : 46483800
PCR OI : 1.272
SMR : 12.88 (Bullish : The Bulls are back, but higher levels are still very much in control of the Bears...)