Wednesday, November 14, 2012

Option Open Interest for 13-11-2012

Inference
Mahurat trading saw the index open flat, but started selling off from the word go to close around the lows of the day at 5666.95 a small loss of 16.75 points. The broader market performed better with 1011 advances to 430 declines. The OI Table saw addition mainly at 5700-5800CE for the day.
  • Call option 5600-5800 added 7.63 lacs huge amount of OI with some profit booking seen at 5900 and above strike prices.
  • Put Option 5500-5300 added 4.21 lacs huge amount of OI with huge short covering seen at 5800 and above strike prices.
  • Highest accumulation on Call option 5800 at 84.2 lacs & 5900 at 77.8 lacs whereas Put option 5600 at 82.7 lacs & 5500 at 72.3 lacs.
  • Nifty Open Interest is at 1,83,42,650 down by 1,10,950 with small decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 12,78,900 down by 31,175 with decrease in price, most probably long liquidation.
  • FII’s bought small 0.85 lacs of Futures, most probably long build-up, as their net OI also increased by 3.63 lacs and their average price per contract comes to around 5015.
  • FII’s future open contract as on date is 429673.
  • PCR Open Interest (Volume) is going down with each passing day and now at 1.076.
  • Support still at 5600, though covered some OI, and below that at 5500 with OI of 72.3 lacs.
  • Huge Resistance at 5800, with highest OI of 84.2 lacs and above that at 5900 with OI above 77.8 lacs.
  • Range as per Option Table is 5631 -5718 and as per VIX is 5623 - 5711 with 5690 as the Pivot.
Option Call for 12-11-2012
Buy Nifty 5700CE above 52 for targets of 57, 66 SL - 48
Buy Nifty 5700PE above 67 for targets of 74, 82 SL - 63

India VIX : 14.91 up by 0.05
Call OI : 40395700
Put OI : 43471650
PCR OI : 1.076
SMR : 13.86 (Bearish to Neutral: Mahurat trading saw the Bears taking control, is it precursor to the year ahead or just a one off day...)