Tuesday, December 18, 2012

Option Open Interest for 18-12-2012

Inference
Nifty opened positive and was bound within a narrow range till the RBI Governor came with a no change policy. The index nose-dived to lows of the day at 5823 but sanity prevailed and after huge bout of volatility, Nifty closed the day with a good gain of 38.90 points at 5896.80. The broader market performed well, with 869 advances to 637 declines. The OI Table saw huge addition 5900-5800PE level and now 5800 looks like a good base.
  • Call option 6100-6200 added 7.25 lacs huge amount of OI with huge short covering seen at 5900 and below strike prices.
  • Put Option 6000-5800 added 14.60 lacs huge amount of OI with huge profit booking seen at 5700 and lower strike prices.
  • Highest accumulation on Call option 6000 at 1.17 crore & 6100 at 85.5 lacs whereas Put option 5800 at 98.9 lacs & 5500 at 69.9 lacs.
  • Nifty Open Interest is at 2,16,72,150 up by 3,35,300, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 12,30,425 down by huge 46,075, with small increase in price, most probably short covering.
  • FII’s sold small 0.25 lacs of Futures, most probably short build-up as their OI also increased by 18570 contracts, and the average price per contract comes to around 5861.
  • FII’s future open contract as on date is 433781.
  • PCR Open Interest (Volume) is up to 1.244, due to huge liquidation seen at 6000CE and lower strike levels.
  • Best Support at 5800PE, got better with OI now at 98.9 lacs and below that at 5700 with OI of 67.6 lacs.
  • Huge resistance at 6000CE with OI above 1.17 crore, and above that at 6100 with OI of 85.5 lacs.
  • Range as per Option Table is 5838 -5926 and as per VIX is 5852 - 5941 with 5890 as the Pivot.
Option Call for 19-12-2012
Buy Nifty 5900CE above 63 for targets of 80, 97 SL - 54
Buy Nifty 5900PE above 49 for targets of 66, 98 SL - 45

India VIX : 14.44 down by 0.48 points
Call OI : 44997150
Put OI : 55963800
PCR OI : 1.244
SMR : 11.61 (Bullish to Neutral: Bulls and Bears are playing ping-pong with one day red and the other green. Nifty is coming back to 5900 level which is working as a magnet...)