Sunday, August 26, 2012

Option Open Interest for 24-08-2012

Inference
Nifty opened on a weak note and remained weak throughout the full session of trade unable to move above the psychological level of 5400 for once. The index saw a low of 5371 but ultimately close at 5386.70 a loss of 28.65 points, on a week on week on basis the index gained 20.40 or 0.38%. The OI Table saw huge liquidation at 5400PE and 5400CE with neither party sure about themselves.
  • Call option 5500 added 4.33 lacs huge amount of OI, with huge liquidation seen at 5400 and lower strike prices.
  • Put Option 5300-5100 added 10.1 lacs huge amount of OI, with huge liquidation seen at 5400 and above strike prices.
  • Highest accumulation on Call option 5500 at 1.07 Cr & 5400 at 55.7 lacs whereas Put option 5300 at 1.05 Cr & 5000 at 97.8 lacs.
  • Nifty Open Interest is at 2,53,03,700 down by 5,50,350 whereas Sep series added 5.58 lacs OI with small decrease in price, probably long liquidation in present series and short addition in next series.
  • Bank Nifty Open Interest is at 18,05,000 down by 32,650 whereas Sep series added 31 thousand OI with decrease in price, probably long liquidation in present series and short addition in next series..
  • FII’s bought huge 2.77 lacs Futures, most probably long build-up, as their OI also increased by 4.27 lacs, and their average price per contract comes to around 5138.
  • FII’s future open contract as on date is 6.93 lacs.
  • PCR Open Interest (Volume) is still at 1.891 though huge liquidation was seen at 5400PE.
  • The Big support is around 5300 with OI of above 1.05 Cr.
  • Super resistance which is getting better by the day is right now at 5500 with OI of above 1.07 Cr.
  • Range as per Option Table is 5341 -5432 and as per VIX is 5341 - 5432 with 5386 as the Pivot.
Option Call for 27-08-2012
Buy Nifty 5400CE above 35 for targets of 42, 50 SL - 32
Buy Nifty 5400PE above 36 for targets of 44, 57 SL - 32

India VIX : 16.12 up by 0.04 points
Call OI : 30599900
Put OI : 57855500
PCR OI : 1.891
SMR : 8.55 (Bullish to Neutral: Momentum is lost with Bulls succumbing to pressure and forfeiting the psychological level of 5400 to the Bears, but the Bears also seem unsure and closing position at 5400CE...)