Thursday, October 25, 2012

Option Open Interest for 25-10-2012

Inference
Expiry saw Nifty opening flat and staying in a very narrow range but with positive bias. The index ended the day at 5705.30 a small gain of 13.90 points. Nifty Open Interest added around 1.58 crore in the last 5 days at an WAP of 5696. The OI Table saw huge addition at each and every strike price with initial range of 5600-5900 for the time being.
  • Call option 5200-6200 added 59.91 lacs huge amount of OI.
  • Put Option 6000-5200 added 44.69 lacs huge amount of OI.
  • Highest accumulation on Call option 5900 at 31.3 lacs & 6000 at 28.9 lacs whereas Put option 5600 at 38.6 lacs & 5700 at 29.2 lacs.
  • Nifty Open Interest is at 1,80,56,550 up by 34,16,750, most probably 100% rollover with some long build-up.
  • Bank Nifty Open Interest is at 10,20,800 up by 3,85,350, most probably 100% rollover with huge long build-up.
  • FII’s bought huge 15.55 lacs of Futures, most probably long build-up, and their average price per contract comes to around 5010.
  • FII’s future open contract as on date is 406068.
  • PCR Open Interest (Volume) at start of series is just above 1.015.
  • Huge Support building up at 5600, with highest OI of 38.6 lacs.
  • Resistance right now at 5800 with OI of above 27.8 lacs and above that at 5900 with OI of 31.3 lacs.
  • Range as per Option Table is 5657 -5751 and as per VIX is 5665 - 5746 with 5705 as the Pivot.
Option Call for 26-10-2012
Buy Nifty 5800CE above 70 for targets of 76, 81 SL - 66
Buy Nifty 5700PE above 77 for targets of 84, 95 SL - 73

India VIX : 13.52 down by 0.19
Call OI : 21970700
Put OI : 22301550
PCR OI : 1.015
SMR : 13.32 (Neutral: The October series ended as said around the comfort zone of the CE and the PE writers, now a new longish series with initial support building up at 5600 and resistance at 5900...)