Monday, October 29, 2012

Option Open Interest for 29-10-2012

Inference
Nifty opened the week on a flat note but made a dash towards 5700 which was promptly sold off to the lows of the day at 5645. The index ultimately closed shop at 5665.60 a miniscule gain of 1.30 points and a DOJI for a candle. The OI Table saw huge addition at 5700 and above CE levels and 5700 and below PE levels.
  • Call option 5700-6200 added 20.71 lacs huge amount of OI with small liquidation seen at 5600 and lower strike prices.
  • Put Option 5700-5200 added 30.17 lacs huge amount of OI with small liquidation seen at 5900 and above strike prices.
  • Highest accumulation on Call option 6000 at 43.6 lacs & 5900 at 42.3 lacs whereas Put option 5600 at 45.0 lacs & 5700 at 40.5 lacs.
  • Nifty Open Interest is at 1,78,21,850 down by 1,62,650 with no change in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 10,41,050 up by 19,050 with decrease in price, most probably small short build-up.
  • FII’s sold huge 2.29 lacs of Futures, most probably long liquidation, as their net OI also decreased by 3.56 lacs and their average price per contract comes to around 4958.
  • FII’s future open contract as on date is 393795.
  • PCR Open Interest (Volume) is moving up, and now at 1.156.
  • The support which is getting better is at 5600, with highest OI of 44.97 lacs.
  • Initial resistance at 5800, with OI of 39.1 lacs and above that at 5900 with OI of 42.3 lacs.
  • Range as per Option Table is 5625 -5716 and as per VIX is 5620 - 5710 with 5685 as the Pivot.
Option Call for 30-10-2012
Buy Nifty 5700CE above 95 for targets of 106, 120 SL - 90
Buy Nifty 5700PE above 92 for targets of 103, 115 SL - 88

India VIX : 15.12 up by 0.91
Call OI : 26652250
Put OI : 30807200
PCR OI : 1.156
SMR : 13.08 (Neutral: Range deadlock still on, with no party in a mood to bell the cat. News heavy days ahead so fasten your seat belts for a highly volatile ride...)