Sunday, November 11, 2012

Option Open Interest for 09-11-2012

Inference
Nifty opened flat, but drifted down with each passing hour to end at the day’s low at 5686.25, with not a semblance of any pull back. The index lost 52.50 points or around 0.91% and for the week it was down by 0.2%. The OI Table right now is tilted towards the Bears with huge OI from 5800-6000 CE levels.
  • Call option 5600-6000 added 21.6 lacs huge amount of OI with some profit booking seen at 6100 and above strike prices.
  • Put Option 5600-5400 added 11.7 lacs huge amount of OI with huge short covering seen at 5700 and above strike prices.
  • Highest accumulation on Call option 6000 at 83 lacs & 5800 at 77.3 lacs whereas Put option 5600 at 73.9 lacs & 5500 at 67.2 lacs.
  • Nifty Open Interest is at 1,89,04,800 down by 30,350 with huge decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 12,45,925 down by 76,775 with decrease in price, most probably huge long liquidation.
  • FII’s sold huge 5.66 lacs of Futures, most probably long liquidation/short build-up, as their net OI decreased by 1.51 lacs and their average price per contract comes to around 5051.
  • FII’s future open contract as on date is 439783.
  • PCR Open Interest (Volume) is just above 1 at 1.086.
  • Best support at 5600, with highest OI of 73.9 lacs and below that at 5500 with OI of 67.2 lacs.
  • Resistance at 5800, with huge addition for the day of 13.9 lacs and above that at 5900 with OI above 76 lacs.
  • Range as per Option Table is 5655 -5744 and as per VIX is 5643 - 5729 with 5700 as the Pivot.
Option Call for 12-11-2012
Buy Nifty 5700CE above 86 for targets of 104, 130 SL - 82 Buy Nifty 5700PE above 54 for targets of 66, 79 SL - 49
India VIX : 14.37 up by 0.15
Call OI : 39509150
Put OI : 42919800
PCR OI : 1.086
SMR : 13.23 (Bearish to Neutral: The Bulls lost the psychological level of 5700, will they be able to comeback in this shortened week or maybe the Bears will take full control, Monday could be decider...)