Sunday, August 12, 2012

Option Open Interest for 10-08-2012

Inference
Nifty opened just below the dotted line and remained weak and a late surge only saw the index just move above the previous day’s close but after averaging closed at 5320.40 a smallish loss of 2.55 points. On a week on week basis Nifty gained 104.70 points of approx 2.01%. It was again a small range day with market participants not able to take any decision but the under current still remains positive with OI table still favouring the Bulls but 5400 level still looks like Wall of China.
  • Call option 5300, 5500-5600 added 3.8 lacs huge amount of OI, with huge liquidation seen at 5400 and lower strike prices.
  • Put Option 5400, 5200-4900 added 10.89 lacs huge amount of OI, with profit booking seen at 4800 and lower strike prices.
  • Highest accumulation on Call option 5500 at 85.4 lacs & 5400 at 75 lacs whereas Put option 5000 at 1.06 Cr & 5100 at 78.8 lacs.
  • Nifty Open Interest is at 2,43,37,700 up by 3,73,800 with small decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 20,92,775 down by 1,54,150 with decrease in price, most probably long liquidation.
  • FII’s sold small 16.15 thousand of Futures, most probably short build-up, as their OI also increased by 3.95 lacs, and their average price per contract comes to around 5121.
  • FII’s future open contract as on date is 6.15 lacs.
  • PCR Open Interest (Volume) increased to 1.536 due to huge addition at 5200PE level.
  • Initial support is still very much at 5300 though some small liquidation with OI still above 66.9 lacs, and below that at 5200PE with OI of above 75.1 lacs.
  • Resistance at 5400 with net OI above 74.9 lacs and above that at 5500 with OI of 85.4 lacs.
  • Range as per Option Table is 5269 -5363 and as per VIX is 5276 - 5365 with 5320 as the Pivot.
Option Call for 13-08-2012
Buy Nifty 5300CE above 92 for targets of 103, 115 SL - 88
Buy Nifty 5300PE above 52 for targets of 58, 67 SL - 49

India VIX : 16.07 down by 0.26 points
Call OI : 35342000
Put OI : 54281600
PCR OI : 1.536
SMR : 10.46 (Bullish: Slowly and steadily Bulls are fortifying the lower levels but Bears are still not out from 5400 level and above...)