Monday, September 3, 2012

Option Open Interest for 03-09-2012

Inference
Another day wasted by the Bulls, Nifty saw a good open above previous day’s close but it seemed like the Bears were waiting for this opportunity to sell higher. The index moved lower towards 5240 and closed just flat at 5253.75, a small loss of 4.75 points. The Option Table, for the time being though neutral is being taken over by the Bears slowly and steadily.
  • Call option 5300-5700 added 37.15 lacs huge amount of OI, with some profit booking at 5800 and above strike prices.
  • Put Option 5300-4800 added 32.62 lacs huge amount of OI, with small liquidation seen at 5500 and above strike prices.
  • Highest accumulation on Call option 5400 at 58 lacs & 5500 at 56.6 lacs whereas Put option 5200 at 63.1 lacs & 5000 at 53.5 lacs.
  • Nifty Open Interest is at 1,97,44,500 up by 1,47,700 with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 15,95,975 up by 6,950 with decrease in price, most probably some short build-up.
  • FII’s sold huge 3.47 lacs Futures, most probably long liquidation as their net OI also decreased by 3.14 lacs, and their average price per contract comes to around 5239.
  • FII’s future open contract as on date is 4.07 lacs.
  • PCR Open Interest (Volume) is again down for the day at 1.037.
  • Super support still at 5200 with highest OI of 63.1 lacs and below that at 5100-5000.
  • Huge-Huge resistance at 5400 with OI of 57.9 lacs and above that at 5500-5600 range with OI above 56 lacs each.
  • Range as per Option Table is 5218 -5308 and as per VIX is 5206 - 5301 with 5265 as the Pivot.
Option Call for 04-09-2012
Buy Nifty 5300CE above 83 for targets of 93, 109 SL - 79
Buy Nifty 5300PE above 93 for targets of 103, 112 SL - 89

India VIX : 17.28 down by 0.02 points
Call OI : 31665700
Put OI : 32835700
PCR OI : 1.037
SMR : 16.66 (Bearish: Another day wasted by the Bulls and the Bears seems to be tightening the noose with each passing day...)