Monday, September 10, 2012

Option Open Interest for 10-09-2012

Inference
It was a perfect consolidation day after the huge up-move seen in the last 2 days, with Nifty hovering in a shallow range of just 26 points and ending flat with positive bias at 5363.45 a minuscule gain of 4.75 points. Option table saw huge addition at 5300PE level and now it looks like a support support or maybe the base for the series.
  • Call option 5300-5700 added 10.77 lacs huge amount of OI, with huge liquidation seen at 5200 and below strike prices.
  • Put Option 5500, 5300-5200 added 16.73 lacs huge amount of OI, with huge profit booking seen at 5100 and below strike prices.
  • Highest accumulation on Call option 5600 at 71 lacs & 5500 at 70 lacs whereas Put option 5200 at 80.4 lacs & 5300 at 71.9 lacs.
  • Nifty Open Interest is at 1,70,18,300 down by 17,16,550 with no change in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 17,30,450 up by 1,09,700 with decrease in price, most probably short build-up.
  • FII’s sold 9.56 lacs Futures, most probably long liquidation as their net OI also decreased by 17.06 lacs, and their average price per contract comes to around 5146.
  • FII’s future open contract as on date is 3.60 lacs.
  • PCR Open Interest (Volume) is at 1.062.
  • Support at 5300 got better with huge addition of 11.2 lacs and now OI is above 71.8 lacs and below that at 5200 with highest OI of 80.45 lacs.
  • Resistance still very good at 5400 though not much change in OI from previous day and above that at 5500-5600 with OI above 70 lacs in each.
  • Range as per Option Table is 5320 -5405 and as per VIX is 5321 - 5406 with 5360 as the Pivot.
Option Call for 11-09-2012
Buy Nifty 5400CE above 49 for targets of 54, 60 SL - 44
Buy Nifty 5300PE above 36 for targets of 41, 47 SL - 33

India VIX : 15.27 up by 0.51 points
Call OI : 35872300
Put OI : 38110250
PCR OI : 1.062
SMR : 14.37 (Bullish: A perfect consolidation day, which saw huge addition at 5300PE, which looks like very good support right now...)