Saturday, October 13, 2012

Option Open Interest for 12-10-2012

Inference
Nifty opened negative below 5700, but made a dash above 5720 within the first 2 hrs of trade, but after the IIP data was announced, which grew at 2.7% in August against a dismal -0.2% in July, the market corrected to the lows of the day to close at 5676.05 a loss of 32.00 points. On a week on week basis the market lost 70.90 points or about 1.23%. The OI Table saw huge addition from 5700-5900CE levels and now 5800 & 5900 CE strike have more than 90 lacs OI.
  • Call option 5860-5900 added 25.16 lacs huge amount of OI, with small profit booking seen at 6000 level.
  • Put Option 5700, 5500-5300 added 11.43 lacs huge amount of OI, with huge short covering seen at 5800 and above strike prices.
  • Highest accumulation on Call option 5800 at 90.7 lacs & 5900 at 90.2 lacs whereas Put option 5600 at 69.7 lacs & 5500 at 64.9 lacs.
  • Nifty Open Interest is at 2,48,71,050 down by 4,98,650 with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 11,63,825 down by 58,375 with decrease in price, most probably huge long liquidation.
  • FII’s sold huge 5.62 lacs of Futures, most probably long liquidation, as their Net OI also decreased by 5.97 lacs, and their average price per contract comes to around 5107.
  • FII’s future open contract as on date is 6.039 lacs.
  • PCR Open Interest (Volume) is decreasing by the day and now at 0.919.
  • Best Support at 5600, with huge OI above 69.7 lacs and below that at 5500 with OI above 64.9 lacs.
  • Rock solid Resistance at 5800 with highest OI in Option Table at 90.7 lacs and above that at 5900 with OI above 90.2 lacs.
  • Range as per Option Table is 5638 -5733 and as per VIX is 5627 - 5725 with 5690 as the Pivot.
Option Call for 15-10-2012
Buy Nifty 5700CE above 67 for targets of 81, 105 SL - 63
Buy Nifty 5700PE above 69 for targets of 80, 91 SL - 63

India VIX : 16.49 no change
Call OI : 43153350
Put OI : 39677550
PCR OI : 0.919
SMR : 17.46 (Bearish: Bulls were unable to hold onto Thursday’s gain and surrendered meekly with the CE Writers making sure that 5800 and above strike price is out of bounds for the Bulls...)