Saturday, December 1, 2012

Option Open Interest for 30-11-2012

Inference
It was another good day for the index, with Nifty opening around 5840 and making a dash towards 5860. A dip towards 5830 was promptly bought into and from there onwards it was one way ride to the high of the day around 5885. The index closed at 5879.85 a good gain of 54.85 points and on a week on week basis the index was up 4.5% the best in last 5 months. The broader market was also positive with 940 advances to 586 declines. The OI Table looks Bullish with PCR above 1.37 and huge support coming up around 570PE level.
  • Call option 5900-6300 added 32.73 lacs huge amount of OI with some short covering seen at 5800 and below strike prices.
  • Put Option 6100-5300 added 59.01 lacs huge amount of OI with not much change in other strike prices.
  • Highest accumulation on Call option 6000 at 65.7 lacs & 5900 at 45.7 lacs whereas Put option 5700 at 54.1 lacs & 5600 at 53.2 lacs.
  • Nifty Open Interest is at 1,94,04,700 up by huge 15,18,550, with huge increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 14,26,875 up by huge 1,57,550, with huge increase in price, most probably long build-up.
  • FII’s bought huge 11.81 lacs of Futures, most probably long build-up as their OI also increased by 40536 contracts, and the average price per contract comes to around 5843.
  • FII’s future open contract as on date is 372031.
  • PCR Open Interest (Volume) is moving up and now at 1.371.
  • Initial support has now moved up to 5800, with huge addition for the day at 10.8 lacs and below that at 5700 with highest OI of 54.1 lacs.
  • Resistance right now at 5900 but looks vulnerable, and above that at 6000 with highest OI in Option Table at 65.7 lacs.
  • Range as per Option Table is 5823 -5913 and as per VIX is 5833 - 5926 with 5860 as the Pivot.
Option Call for 03-12-2012
Buy Nifty 5900CE above 88 for targets of 99, 110 SL - 83
Buy Nifty 5900PE above 83 for targets of 95, 111 SL - 79

India VIX : 15.15 down by 0.22 points
Call OI : 31726250
Put OI : 43493050
PCR OI : 1.371
SMR : 11.05 (Bullish: The index closed at the highs of the week, month and year, what more in store? Based on the OI table some more up-side can be seen before some kind of correction creeps in...)