Monday, October 1, 2012

Option Open Interest for 01-10-2012

Inference
Nifty consolidated within a narrow range with positive bias on the back of positive global cues to end the day at 5718.80 a small gain of 15.50 points. The index saw a dip below 5700 once during the session which was promptly bought into, looks like buy the dips in force right now. The Option Table saw huge addition at 5800 and 5900CE with PE addition at 5600.
  • Call option 5800-6200 added 24.54 lacs huge amount of OI, with huge liquidation seen at 5700 and lower levels.
  • Put Option 5800-5200 added 21.73 lacs huge amount of OI.
  • Highest accumulation on Call option 6000 at 52.4 lacs & 5800 at 49.6 lacs whereas Put option 5300 at 56 lac & 5400 at 52.5 lacs.
  • Nifty Open Interest is at 2,42,83,200 up by 6,10,800 with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 12,73,025 down by 38,275 with small decrease in price, most probably long liquidation.
  • FII’s bought huge 1.63 lacs of Futures, most probably long build-up as their Net OI also increased by 3.27 lacs, and their average price per contract comes to around 5579.
  • FII’s future open contract as on date is 5.196 lacs.
  • PCR Open Interest (Volume) is hovering above the bullish level of 1.2 and now at 1.231.
  • Support at 5700 is getting better with each passing day with OI now above 40 lacs and below that at 5600 with OI of above 43.4 lacs.
  • Resistance is still very good at 5800 with huge OI of 49.6 lacs and above that at 6000 with huge OI of 52.4 lacs.
  • Range as per Option Table is 5668 -5760 and as per VIX is 5670 - 5768 with 5710 as the Pivot.
Option Call for 03-10-2012
Buy Nifty 5700CE above 118 for targets of 126, 136 SL - 112
Buy Nifty 5700PE above 70 for targets of 78, 88 SL - 65

India VIX : 16.34 up by 0.18 points
Call OI : 28721300
Put OI : 35363450
PCR OI : 1.231
SMR : 15.54 (Bullish: Market participants are waiting for the most elusive correction, which is not happening right now. Slowly and steadily the Bulls are building up support....)