Wednesday, September 19, 2012

Option Open Interest for 18-09-2012

Inference
Nifty had a nothing kinda day today, with the Bulls and the Bears neither party in mood to move the index. The index stayed in a narrow range of 20 points for the better part of the day and closed in red after 9 straight session of positive close at 5600.05, a small loss of 9.95 points. The Option Table saw huge addition at 5500PE and 5700CE.
  • Call option 5700-5800 added 16.6 lacs huge amount of OI, with huge liquidation seen at 5600 and below strike prices.
  • Put Option 5700-5400 added 16.7 lacs huge amount of OI, with profit booking seen at 5300 and below strike prices.
  • Highest accumulation on Call option 5700 at 70.8 lacs & 5600 at 63.1 lacs whereas Put option 5300 at 84.1 lac & 5400 at 78.3 lacs.
  • Nifty Open Interest is at 2,16,38,400 up by 4,34,000 with no change in price, most probably huge long/short build-up.
  • Bank Nifty Open Interest is at 20,45,800 up by 30,875 with increase in price, most probably huge long build-up.
  • FII’s bought huge 2.28 lacs Futures, most probably long build-up as their net OI also increased by 11.61 lacs, and their average price per contract comes to around 5543.
  • FII’s future open contract as on date is 4.733 lacs.
  • PCR Open Interest (Volume) made another high today and now at 1.544.
  • Support at 5500 is getting better by the day, with huge addition at 9.4 lacs and total OI above 71.8 lacs and below that at 5400 with OI of 84.1 lacs.
  • The best Resistance as per Option Table right now is at 5700 with OI of above 70.8 lacs.
  • Range as per Option Table is 5555 -5648 and as per VIX is 5548 - 5652 with 5590 as the Pivot.
Option Call for 20-09-2012
Buy Nifty 5600CE above 61 for targets of 69, 79 SL - 58
Buy Nifty 5600PE above 48 for targets of 53, 58 SL - 44

India VIX : 17.83 up by 0.05 points
Call OI : 33635750
Put OI : 51923650
PCR OI : 1.544
SMR : 11.55 (Bullish: Another day where which ended in stalemate, but Bulls though in the hot seat, are not looking much interested right now and Bears still nursing their wounds...)