Thursday, September 13, 2012

Option Open Interest for 13-09-2012

Inference
Nifty opened flat and stayed in a narrow range of 25 points for the entire session to close flat at 5435.35 a negligible gain of 4.35 points and a DOJI candle for the day. It seems like market is waiting for the big event lined up in the US. The Option Table saw huge addition at 5400PE and 5600CE, with 5300PE now at 1 crore for the series.
  • Call option 5400-5800 added 28.73 lacs huge amount of OI, with huge liquidation seen at 5300 and below strike prices.
  • Put Option 5500-5300 added 20.22 lacs huge amount of OI, with profit booking seen at 5200 and below strike prices.
  • Highest accumulation on Call option 5600 at 96.7 lacs & 5500 at 82.9 lacs whereas Put option 5300 at 1 crore & 5200 at 88.4 lacs.
  • Nifty Open Interest is at 1,86,95,750 up by 2,64,000 with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 17,21,050 up by 27,600 with increase in price, most probably huge long build-up.
  • FII’s bought 1.98 lacs Futures, most probably long build-up as their net OI also increased by 4.89 lacs, and their average price per contract comes to around 5281.
  • FII’s future open contract as on date is 4.04 lacs.
  • PCR Open Interest (Volume) dipped a bit to 1.191 due to huge profit booking seen at 5200-5100PE.
  • Initial support has moved up to 5400 with huge addition of 12.94 lacs for the day and below that at 5300 with highest OI of 1 crore in the option table.
  • Resistance at 5500 with huge OI of 82.9 lacs and above that at 5600 with OI above 96.7 lacs.
  • Range as per Option Table is 5383 -5479 and as per VIX is 5391 - 5480 with 5430 as the Pivot.
Option Call for 14-09-2012

India VIX : 15.67 up by 0.63 points
Call OI : 38589750
Put OI : 45956850
PCR OI : 1.191
SMR : 13.04 (Bullish: A perfect consolidation day, the Bulls adding huge at 5400PE to stay comfortably above 5400 for the second day in a row. Bears need to act now or else Bulls will stamp their authority for this expiry...)