Thursday, September 27, 2012

Option Open Interest for 27-09-2012

Inference
Settlement day saw Nifty sold off from the highs of the day below 5640 and ultimately closed marginally lower at 5649.50 a small loss of 13.95 points but the series saw a huge gain of 6%. Nifty has started the series with huge OI of 2.18 Cr at an WAP of 5667. The Option Table at the start of the series is evenly distributed with best support at 5300 and good resistance at 5800 for the time being.
  • Call option 5300-6000 added 46.74 lacs huge amount of OI, with small addition seen at lower levels also.
  • Put Option 6000-5100 added 66.29 lacs huge amount of OI.
  • Highest accumulation on Call option 5700 at 44.9 lacs & 5800 at 43.9 lacs whereas Put option 5300 at 50.7 lac & 5500 at 37.4 lacs.
  • Nifty Open Interest is at 2,18,28,400 up by 54,59,300 with small decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 12,65,725 up by 4,13,900 with not much change in price, most probably short/long build-up.
  • FII’s bought huge 5.46 lacs of Futures, most probably long build-up, and their average price per contract comes to around 5614.
  • FII’s future open contract as on date is 4.59 lacs.
  • PCR Open Interest (Volume) at the start of the series is just above 1 at 1.088.
  • Support developing at 5500 with OI of 37.4 lacs and below that at 5300 with OI of above 50.7 lacs.
  • Resistance at 5700 with huge addition for the day at 10.8 lacs and net OI above 44.9 lacs and above that at 5800 with huge OI of 43.9 lacs.
  • Range as per Option Table is 5612 -5704 and as per VIX is 5599 - 5700 with 5660 as the Pivot.
Option Call for 28-09-2012
Buy Nifty 5700CE above 95 for targets of 105, 117 SL - 90
Buy Nifty 5600PE above 63 for targets of 69, 77 SL - 59

India VIX : 16.91 down by 0.06 points
Call OI : 25847800
Put OI : 28130900
PCR OI : 1.088
SMR : 15.54 (Neutral: Expiry saw a weak closing, against the trend of the series. Will we get a change of trend or it continues through this series, will come to know by tomorrow...)