Thursday, August 2, 2012

Option Open Interest for 02-08-2012

Inference
The index opened weak and stayed that way throughout the full session unable to move into positive territory and closed down at 5227.75, a small loss of 12.75 points. Another day when the range was pathetic, with only 27 points traded and the volume was also very low. OI Table saw huge addition at 5000PE and 5500CE.
  • Call option 5200-5300 & 5500-5700 added 17.55 lacs huge amount of OI, with small liquidation seen at 5100 and lower strike prices.
  • Put Option 5200-5000 and 4800 added 15.84 lacs huge amount of OI, with small profit booking at 4900 strike price.
  • Highest accumulation on Call option 5500 at 70.5 lacs & 5400 at 59.6 lacs whereas Put option 5000 at 94.2 lacs & 5100 at 61.7 lacs.
  • Nifty Open Interest is at 2,25,78,700 up by 2,35,900 with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 21,60,025 up by huge 53,925 with decrease in price, most probably short build-up.
  • FII’s sold 1.80 lacs of Futures, most probably short addition, as their OI also increased by 6.86 lacs, and their average price per contract comes to around 5117.
  • FII’s future open contract as on date is 5.34 lacs.
  • PCR Open Interest (Volume) is at 1.398.
  • Not much change at 5100 support with OI still around 61 lacs, but 5000PE OI has increased to a mammoth 94.2 lacs.
  • Resistance still very good at 5300 with OI above 45.2 lacs and above that at 5400-5500 with OI of both above 60 lacs.
  • Range as per Option Table is 5171 -5277 and as per VIX is 5182 - 5274 with 5220 as the Pivot.
Option Call for 03-08-2012
Buy Nifty 5300CE above 62.5 for targets of 67, 75 SL - 59
Buy Nifty 5200PE above 73 for targets of 79, 90 SL - 69

India VIX : 16.77 up by 0.32 points
Call OI : 32918350
Put OI : 46018300
PCR OI : 1.398
SMR : 12.00 (Neutral to Bullish: Looked like a Saturday trading with pathetic volume and 27 point range...)