Saturday, July 21, 2012

Option Open Interest for 20-07-2012

Inference
A flattish open, saw the index being sold off to the lows of the day just below 5200. The Bulls tried the whole day but were unable to move Nifty up. It was toil for the rest of the session in a narrow range of 20 points and the index ultimately closed shop at 5205.10, a loss of 37.60 points. On a week on week basis the index lost 22.15 points or 0.42%. The Option Table saw hug-huge addition at 5200-5300CE and liquidation at 5200-5100PE, with the OI Table completely in the hands of the Bears.
  • Call option 5100-5400 added 28.6 lacs huge amount of OI, with profit booking seen at 5500 and above strike prices.
  • Put Option 5100-5400 saw huge liquidation of OI, with small profit booking at lower levels.
  • Highest accumulation on Call option 5300 at 1.06 crore & 5400 at 96.7 lacs whereas Put option 5000 at 77 lacs & 5100 at 60.1 lacs.
  • Nifty Open Interest is at 2,33,05,050 down by 4,29,500 with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 19,98,075 down by 1,58,475 with decrease in price, most probably huge long liquidation.
  • FII’s sold huge 4.62 lacs Futures, most probably long liquidation, as their OI also decreased by 1.20 lacs, and their average price per contract comes to around 5039.
  • FII’s future open contract as on date is 6.37 lacs.
  • PCR Open Interest (Volume) is again below 1,2 and now at 1.140.
  • Support at 5200 looks vulnerable with huge liquidation for the day and below that at 5100 and 5000, having highest OI on PE side at 77 lacs.
  • Huge Resistance at 5300, with OI now above 1.05 Crore.
  • Range as per Option Table is 5163 -5261 and as per VIX is 5159 - 5251 with 5220 as the Pivot.
Option Call for 23-07-2012
Buy Nifty 5200CE above 50 for targets of 61, 79 SL - 46
Buy Nifty 5200PE above 28 for targets of 38, 47 SL - 25

India VIX : 16.89 up by 0.51 points
Call OI : 38926800
Put OI : 44381700
PCR OI : 1.140
SMR : 14.81 (Bearish: Doors to higher levels has been bolted by the Bears with huge addition at 5200-5300CE and 5300CE OI is above 1.05 Crore...)