Wednesday, December 5, 2012

Option Open Interest for 05-12-2012

Inference
Nifty opened gap-up above 5900 and stayed positive throughout the session of trade to end the day just above 5900 at 5900.50, a small gain of 11.25 points. It was the highest close for the year and a first close above 5900 after 23 months. The broader market was also positive, with 894 advances to 626 declines. The OI Table saw huge support building up around 5800 level.
  • Call option 5900, 6100-6400 added 24.27 lacs huge amount of OI with some profit booking seen at 6000 strike price.
  • Put Option 6100-5500 added 22.22 lacs huge amount of OI with not much change in other strike prices.
  • Highest accumulation on Call option 6000 at 81.1 lacs & 6100 at 51.3 lacs whereas Put option 5500 at 67.6 lacs & 5700 at 61.8 lacs.
  • Nifty Open Interest is at 2,04,38,550 up by huge 6,89,500, with small increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 14,43,400 up by 47,400, with increase in price, most probably long build-up.
  • FII’s sold huge 1.36 lacs of Futures, most probably short build-up as their OI also increased by 9915 contracts, and the average price per contract comes to around 5858.
  • FII’s future open contract as on date is 384562.
  • PCR Open Interest (Volume) is again down a bit to 1.288.
  • Support at 5800 has grown with each passing day and now is looking good with OI above 60.3 lacs, and below that at 5700 with OI of 61.8 lacs.
  • Resistance at 5900 gave away, and now the best resistance in Option table is at 6000 with highest OI of 81.1 lacs.
  • Range as per Option Table is 5858 -5946 and as per VIX is 5849 - 5952 with 5900 as the Pivot.
Option Call for 06-12-2012

India VIX : 16.62 up by 0.71
Call OI : 38692550
Put OI : 49818550
PCR OI : 1.288
SMR : 12.91 (Bullish: Nifty ultimately closed above the psychological level of 5900, but this week’s move is of the laboured kind, with the Bulls fighting for each and every point of up-move. Time has come to be cautious....)

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