Sunday, September 30, 2012

Option Open Interest for 28-09-2012

Inference
Nifty ended the week with a flourish with a gain of 53.80 points, but it could have been better, with profit booking taking the sheen out of the up-move during the dying minutes of trade. The index closed at 5703.30 the highest close in 17 months and on a week on week basis Nifty closed flat with a gain of just 12.15 points. The Option Table saw highest addition at 5700PE to the tune of 11 lacs and 6000CE saw addition of 7.5 lacs.
  • Call option 5900-6200 added 16.12 lacs huge amount of OI, with huge liquidation seen at 5800 and lower levels.
  • Put Option 5900-5300 added 46.02 lacs huge amount of OI.
  • Highest accumulation on Call option 6000 at 45.9 lacs & 5800 at 42.3 lacs whereas Put option 5300 at 55.1 lac & 5400 at 47.6 lacs.
  • Nifty Open Interest is at 2,36,72,400 up by 18,44,000 with huge increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 13,11,300 up by 45,575 with small increase in price, most probably long build-up.
  • FII’s bought huge 20.01 lacs of Futures, most probably long build-up as their Net OI also increased by 26.85 lacs, and their average price per contract comes to around 5554.
  • FII’s future open contract as on date is 5.13 lacs.
  • PCR Open Interest (Volume) jumped quite a bit to 1.250 on the first day of the series.
  • Support developing at 5700 with huge addition for the day at 11.1 lacs and below that at 5300 with OI of above 55.1 lacs.
  • Resistance at 5800 with huge OI of 42.3 lacs and above that at 6000 with huge OI of 45.9 lacs.
  • Range as per Option Table is 5658 -5754 and as per VIX is 5665 - 5752 with 5690 as the Pivot.
Option Call for 01-10-2012
Buy Nifty 5700CE above 114 for targets of 125, 144 SL - 109
Buy Nifty 5700PE above 79 for targets of 90, 104 SL - 75

India VIX : 16.16 down by 0.75 points
Call OI : 26671150
Put OI : 33351800
PCR OI : 1.250
SMR : 12.92 (Bullish: Nifty closed just above the psychological level of 5700, but seems like profit booking may set in, now need to be cautious at higher levels...)