Tuesday, August 28, 2012

Option Open Interest for 28-08-2012

Inference
Nifty opened flat, but it seemed that the Sellers are hell bent on selling from the word go, Nifty for the day touched the low around 5310 and closed at 5334.60 a loss of 15.65 points. The OI Table saw huge liquidation at 5300-5400PE levels.
  • Call option 5300-5400 added 23.85 lacs huge amount of OI, with profit booking at 5500 and higher strike prices.
  • Put Option 5200 added 10 lacs huge amount of OI, with huge liquidation seen at 5300 and above strike prices.
  • Highest accumulation on Call option 5500 at 91.4 lacs & 5400 at 85.3 lacs whereas Put option 5300 at 95.8 lacs & 5200 at 94.1 lacs.
  • Nifty Open Interest is at 2,02,66,150 down by 32,21,150 whereas Sep series added 56.14 lacs OI with decrease in price, 100% rolled over with some short addition in next series.
  • Bank Nifty Open Interest is at 13,75,925 down by 3,43,675 whereas Sep series added 3.67 lacs OI with decrease in price, 100% rolled over with some short addition in next series..
  • FII’s bought huge 7.72 lacs Futures, most probably long build-up, as their OI also increased by 34.5 lacs, and their average price per contract comes to around 5113.
  • FII’s future open contract as on date is 7.75 lacs.
  • PCR Open Interest (Volume) is down at 1.696 due to huge liquidation seen at 5300-5400PE.
  • Though 5300PE saw huge liquidation of 12.6 lacs but still it has the highest OI in Option Table.
  • Resistance at 5400 with huge OI addition of 18.8 lacs and above that at 5500 with OI of above 91.4 kacs.
  • Range as per Option Table is 5287 -5386 and as per VIX is 5289 - 5380 with 5340 as the Pivot.
Option Call for 29-08-2012
Buy Nifty 5300CE above 56 for targets of 72, 91 SL - 51
Buy Nifty 5400PE above 61 for targets of 76, 95 SL - 56

India VIX : 16.35 down by 0.12 points
Call OI : 31117950
Put OI : 52761550
PCR OI : 1.696
SMR : 9.64 (Neutral: Bears taking control just before expiry after Bulls were in driving seat for the last 4 weeks with 5300-5400PE Writers liquidating fast...)