Thursday, December 13, 2012

Option Open Interest for 13-12-2012

Inference
Nifty opened positive on the back of good global cues but was unable to sustain above 5900. What seemed like another range bound day in the making saw a huge sell-off in the second half to the lows of 5840 to close just above at 5851.50 a huge loss of 36.50 points. The broader market also performed badly, with 444 advances to 1097 declines. The OI Table saw 5900CE OI overtaking that of 5900PE by a fair margin.
  • Call option 5800-6100 added 15.57 lacs huge amount of OI with huge profit booking seen at 6200 and above strike prices.
  • Put Option 5900-5700 added 3.74 lacs huge amount of OI with some short covering seen at 6000 and above strike prices.
  • Highest accumulation on Call option 6000 at 1.16 crore & 6100 at 74.3 lacs whereas Put option 5800 at 82.3 lacs & 5500 at 73.7 lacs.
  • Nifty Open Interest is at 2,15,08,550 up by huge 3,80,800, with decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 12,58,325 down by 16,125, with decrease in price, most probably long liquidation.
  • FII’s sold huge 5.91 lacs of Futures, most probably short build-up as their OI also increased by 8250 contracts, and the average price per contract comes to around 5803.
  • FII’s future open contract as on date is 415430.
  • PCR Open Interest (Volume) is at 1.191, below the Bull level of 1.20.
  • Best Support still at 5800PE with OI above 82.3 lacs and below that at 5700 with OI of 67.7 lacs.
  • Super resistance at 6000CE with OI above 1.16 crore, and above that at 6100 with OI of 74.3 lacs.
  • Range as per Option Table is 5819 -5906 and as per VIX is 5806 - 5897 with 5870 as the Pivot.
Option Call for 14-12-2012
Buy Nifty 5900CE above 60 for targets of 72, 94 SL - 56
Buy Nifty 5900PE above 71 for targets of 85, 99 SL - 63

India VIX : 14.71 up by 0.20
Call OI : 45636600
Put OI : 54372200
PCR OI : 1.191
SMR : 12.35 (Bearish to Neutral: Bears are back!!! They just took control of proceeding for the day and came out stronger, but need a follow through action tomorrow...)