Monday, December 31, 2012

Option Open Interest for 31-12-2012

Inference
Nifty opened positive but had a very dull day of trade with a spread of just 21 points and one of the lowest volume of recent times. The index after a toil ended the day at 5905.10, a miniscule loss of 3.25 points. The broader market performed much better, with 859 advances to 654 declines. The OI Table saw fortification around 5800PE and 6000CE.
  • Call option 5900-6300 added 24.18 lacs huge amount of OI.
  • Put Option 6000-5400 added 27.52 lacs huge amount of OI.
  • Highest accumulation on Call option 6000 at 55.1 lacs & 6100 at 43.5 lacs whereas Put option 5800 at 52.4 lacs & 5700 at 49.4 lacs.
  • Nifty Open Interest is at 1,63,73,150 up by 41,050, with small decrease in price, most probably small short build-up.
  • Bank Nifty Open Interest is at 10,24,850 up by 10,750, with small increase in price, most probably long build-up.
  • FII’s sold huge 4.11 lacs of Futures, most probably long liquidation, as their net OI decreased by 6665 contract and the average price per contract comes to around 5965.
  • FII’s future open contract as on date is 256817.
  • PCR Open Interest (Volume) is hovering above 1.2 and now at 1.257.
  • Initial support now up at 5900PE with OI above 39.3 lacs and below that at 5800 with OI of 52.4 lacs.
  • The Best Resistance at 6000CE, with OI above 55.1 lacs, and above that at 6100 with OI of 43.5 lacs.
  • Range as per Option Table is 5865 -5948 and as per VIX is 5859 - 5951 with 5905 as the Pivot.
Option Call for 01-01-2013
Buy Nifty 6000CE above 72 for targets of 81, 94 SL - 68
Buy Nifty 5900PE above 71 for targets of 78, 88 SL - 68

India VIX : 14.95 up by 1.32 points
Call OI : 27074700
Put OI : 34035700
PCR OI : 1.257
SMR : 11.89 (Neutral: A dull day of trade with market participants taking the day off, Option Table very much in neutral territory...)