Wednesday, August 1, 2012

Option Open Interest for 01-08-2012


Inference
The index consolidated within a narrow range of 33 points for the full session with positive bias, maybe waiting in anticipation of something, ahead of Fed Policy statement. Nifty closed the day with a small gain of 11.50 points at 5240.50. OI Table saw huge addition at 5200PE and 5500CE.
  • Call option 5400-5600 added 15.1 lacs huge amount of OI, with small liquidation seen at 5200 and lower strike prices.
  • Put Option 5300-5000 and 4800 added 28.8 lacs huge amount of OI, with small profit booking at 4900 strike price.
  • Highest accumulation on Call option 5500 at 63.8 lacs & 5400 at 61.1 lacs whereas Put option 5000 at 84.7 lacs & 5100 at 61.4 lacs.
  • Nifty Open Interest is at 2,23,42,800 up by 1,49,700 with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 21,06,100 up by huge 69,425 with small increase in price, most probably long build-up.
  • FII’s sold 52.4 thousand of Futures, most probably short addition, as their OI also increased by 6.78 lacs, and their average price per contract comes to around 5122.
  • FII’s future open contract as on date is 5.20 lacs.
  • PCR Open Interest (Volume) is at 1.4.
  • Support at 5100 just got better with OI now above 61 lacs and below that at 5000 with highest OI of 84.7 lacs.
  • Resistance at 5300 with OI above 41.3 lacs and above that at 5400-5500 with OI of both above 60 lacs.
  • Range as per Option Table is 5180 -5288 and as per VIX is 5195 - 5286 with 5220 as the Pivot.
Option Call for 02-08-2012
Buy Nifty 5300CE above 67 for targets of 73, 79 SL - 64
Buy Nifty 5200PE above 69 for targets of 75, 84 SL - 65

India VIX : 16.45 up by 0.44 points
Call OI : 31551900
Put OI : 44178700
PCR OI : 1.400
SMR : 11.75 (Bullish: But are we losing momentum, need to be cautious at higher levels...)