Friday, July 27, 2012

Option Open Interest for 27-07-2012

Inference
The index gapped up above 5100 on the back of super global cues and galloped away towards 5150. The responsive sellers got active around 5150 and moved the index below 5100 level towards 5080. Buying again emerged around 5080, but still Nifty closed below 5100 at 5099.85 a good gain of 56.85 points. Looking at the way the sell-off happened fr0m 5150 levels, the Bears are still holding upper hand at higher levels but the OI Table looks good with OI at 5000PE level crossing 80 lacs with the first day of the series.
  • Call option 4900-5600 added 39.7 lacs huge amount of OI, with small addition at lower strike prices.
  • Put Option 5200-4700 added 34.7 lacs huge amount of OI, with small liquidation seen at 5400 and above strike prices.
  • Highest accumulation on Call option 5500 at 49.2 lacs & 5400 at 45.7 lacs whereas Put option 5000 at 81.8 lacs & 5100 at 46.2 lacs.
  • Nifty Open Interest is at 2,11,07,900 up by 5,61,300 with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 21,95,575 down by huge 4,09,350 with increase in price, most probably huge short covering.
  • FII’s bought huge 30.19 lacs Futures, most probably long addition, as their OI also increased by 6.08 lacs, and their average price per contract comes to around 5036.
  • FII’s future open contract as on date is 4.53 lacs.
  • PCR Open Interest (Volume) is comfortably placed at 1.249.
  • Support building up around 5100 with addition of 8.24 lacs of OI for the day and below that at 5000 with highest OI of 81.8 lacs.
  • Initial Resistance at 5200, with OI of 40.96 lacs and above that at 5300-5500.
  • Range as per Option Table is 5057 -5160 and as per VIX is 5056 - 5146 with 5110 as the Pivot.
Option Call for 30-07-2012
Buy Nifty 5200CE above 67 for targets of 79, 96 SL - 62
Buy Nifty 5000PE above 55 for targets of 66, 77 SL - 52

India VIX : 16.44 up by 0.07 points
Call OI : 28898900
Put OI : 36083250
PCR OI : 1.249
SMR : 13.17 (Neutral: Good support developing at lower levels, but higher levels still with the Bears...)