Sunday, September 23, 2012

Option Open Interest for 21-09-2012

Inference
Nifty after opening positive on good global cues had a one way ride to the highs of the day with huge buying. The index at one point of time was 165 points in positive but at the end of the day closed just below 5700 at 5691.15 still a huge gain of 136.90 points and on a week on week basis the index added 113.50 points or 2.03%. The Option Table saw huge addition at 5600 and 5700PE.
  • Call option 5800-6000 added 38.63 lacs huge amount of OI, with huge liquidation seen at 5700 and below strike prices.
  • Put Option 5800-5500 added 74.3 lacs huge amount of OI, with huge profit booking seen at 5400 and below strike prices.
  • Highest accumulation on Call option 5700 at 66.4 lacs & 5800 at 60.8 lacs whereas Put option 5500 at 84.2 lac & 5600 at 75.8 lacs.
  • Nifty Open Interest is at 2,21,46,800 up by 2,68,100 whereas Oct series added 14 lacs OI with increase in price, most probably huge long build-up in both series.
  • Bank Nifty Open Interest is at 19,66,300 up by 21,100 whereas Oct series added 93.7 thousand with increase in price, most probably huge long build-up in both series.
  • FII’s sold huge 4.30 lacs of Futures, most probably short build-up as their net OI also increased by 15.23 lacs, and their average price per contract comes to around 5557.
  • FII’s future open contract as on date is 5.29 lacs.
  • PCR Open Interest (Volume) moved to unprecedented level in this series at 1.714.
  • Strong Support at 5600 with total OI above 75.8 lacs and below that at 5500 with highest OI of 84.2 lacs.
  • Resistance moved up one level higher at 5700 with OI at 66.4 lacs and above that at 5800 with OI of above 60.8 lacs.
  • Range as per Option Table is 5619 -5718 and as per VIX is 5635 - 5748 with 5660 as the Pivot.
Option Call for 24-09-2012
Buy Nifty 5700CE above 57 for targets of 75, 99 SL - 48
Buy Nifty 5700PE above 69 for targets of 88, 105 SL - 65

India VIX : 18.93 up by 0.31 points
Call OI : 31931400
Put OI : 54731900
PCR OI : 1.714
SMR : 11.04 (Bullish: An all out assault by the Bulls after a day of breather saw the index surge 150 points, now Bears have to do all the work till expiry....)