Wednesday, July 25, 2012

Option Open Interest for 25-07-2012


Inference
The index opened weak on the back of bad global cues and sold off immediately below 5100 towards 5080. The responsive buyers stepped in to move the index back above 5100, but were unable to close in green. Nifty for the day closed weak at 5109.60 a small loss of 18.60 points though at one point it was more than 50 points. The Option Table saw huge addition at 5200CE, and tomorrow being the expiry it is the ceiling. Based on OI Table a most probable expiry could be around 5100.
  • Call option 5200 added 7.84 lacs huge amount of OI, with profit booking seen at 5300 and above strike prices.
  • Put Option 5000 added 2.54 lacs huge amount of OI, with huge liquidation seen at 5200 and above strike prices.
  • Highest accumulation on Call option 5300 at 80.1 lacs & 5200 at 80 lacs whereas Put option 5000 at 82.5 lacs & 5100 at 58.3 lacs.
  • Nifty Open Interest is at 1,23,37,600 down by 46,14,250 with decrease in price, whereas August series added 43.08 lacs OI, most rolled over with small long liquidation.
  • Bank Nifty Open Interest is at 10,82,475 down by 2,28,975 with increase in price, whereas August series added 5.9 lacs of OI, 100% rolled over with huge short build-up.
  • FII’s sold huge 9.45 lacs Futures, most probably long liquidation, as their OI also decreased by 2.34 lacs, and their average price per contract comes to around 4983.
  • FII’s future open contract as on date is 6.59 lacs.
  • PCR Open Interest (Volume) just went below 1 a day before expiry at 0.999.
  • Huge Support at 5000 with OI above 82.5 lacs.
  • Resistance at 5200, with OI of 80.
  • Range as per Option Table is 5056 -5157 and as per VIX is 5065 - 5154 with 5130 as the Pivot.
A sneak peek at August OI Table, range developing is 5000-5300

Option Call for 26-07-2012
Buy Nifty 5100CE above 26 for targets of 36, 47 SL - 21
Buy Nifty 5100PE above 20 for targets of 29, 45 SL - 16

India VIX : 16.75 down by 0.22 points
Call OI : 38389950
Put OI : 38347850
PCR OI : 0.999
SMR : 16.77 (Bearish to Neutral : Based on rollover of the last 3 days, the Average price of rollover comes to around 5116...)