Option Open Interest for 31-10-2012

Inference
After the pounding received by Nifty yesterday, sanity prevailed with the index staying a small range but closing positive at 5619.70 a small gain of 21.80 points. The index opened flat and went to the lows at 5585 but the responsive buyers moved in and saw the index above the psychological level of 5600. The OI Table saw huge resistance building up around 5700 level.

• Call option 5600-6000 added 17.77 lacs huge amount of OI with some profit booking seen at 6100 and above strike prices.
• Put Option 5600-5200 added 16.02 lacs huge amount of OI with huge short covering seen at 5700 and above strike prices.
• Highest accumulation on Call option 5900 at 58.9 lacs & 5700 at 52.7 lacs whereas Put option 5600 at 52.3 lacs & 5300 at 53.1 lacs.
• Nifty Open Interest is at 1,75,06,950 down by 4,06,050 with small increase in price, most probably long liquidation/short covering.
• Bank Nifty Open Interest is at 10,82,275 down by 32,350 with increase in price, most probably short covering.
• FII’s sold huge 2.97 lacs of Futures, most probably short build-up, as their net OI also increased by 1.15 lacs and their average price per contract comes to around 4893.
• FII’s future open contract as on date is 381716.
• PCR Open Interest (Volume) is hovering around 1.016.
• Support still very much at 5600, with highest OI of 52.27 lacs.
• Resistance at 5700, with huge OI of 52.7 lacs and above that at 5800-5900 with OI above 51 lacs.
• Range as per Option Table is 5566 -5662 and as per VIX is 5577 - 5662 with 5630 as the Pivot.

Option Call for 01-11-2012
Buy Nifty 5700CE above 58 for targets of 64, 72 SL - 54
Buy Nifty 5600PE above 69 for targets of 76, 89 SL - 65

India VIX : 14.40 down by 0.77
Call OI : 33268600
Put OI : 33798900
PCR OI : 1.016
SMR : 14.17 (Bearish to Neutral: No follow-up selling was seen today, is it a lull before the storm or the Bulls are creeping back in, they need to do much more to humble the resurgent Bears, tomorrow maybe the decider...)

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Option Open Interest for 30-10-2012

Inference
Nifty started the day on a flat note but went down more than 1.2% to end below the psychological level of 5600 after 26 trading session, largely due to RBI keeping key policy rates unchanged and also lowered GDP forecast in its half yearly monetary policy review. The index ultimately closed shop at 5597.90 a huge loss of 67.70 points. The OI Table saw huge addition at 5600 and 5700 CE levels.

• Call option 5600-6000 added 51.94 lacs huge amount of OI with some profit booking seen at 6100 and above strike prices.
• Put Option 5600-5300 added 19.79 lacs huge amount of OI with huge short covering seen at 5700 and above strike prices.
• Highest accumulation on Call option 5900 at 55.4 lacs & 6000 at 49.0 lacs whereas Put option 5600 at 49.0 lacs & 5500 at 44.2 lacs.
• Nifty Open Interest is at 1,79,13,000 up by 91,150 with huge decrease in price, most probably short build-up.
• Bank Nifty Open Interest is at 11,14,625 up by 73,575 with huge decrease in price, most probably short build-up.
• FII’s sold huge 11.51 lacs of Futures, most probably long liquidation, as their net OI also decreased by 7.19 lacs and their average price per contract comes to around 4867.
• FII’s future open contract as on date is 379422.
• PCR Open Interest (Volume) crashed down to 1.028.
• The best support still very much at 5600, with highest OI of 49.01 lacs.
• Initial resistance now at 5700, with huge addition for the day at 13.95 lacs and above that at 5800-5900 with OI above 47 lacs.
• Range as per Option Table is 5573 -5666 and as per VIX is 5553 - 5642 with 5630 as the Pivot.

Option Call for 31-10-2012
Buy Nifty 5700CE above 72 for targets of 89, 122 SL - 68
Buy Nifty 5600PE above 76 for targets of 90, 104 SL - 67

India VIX : 15.17 up by 0.05 points
Call OI : 31734000
Put OI : 32623300
PCR OI : 1.028
SMR : 14.76 (Bearish: Range ultimately broke down and closed just below 5600, will the Bulls rise to the occasion and take control or the Bears will surely take charge...)

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Option Open Interest for 29-10-2012

Inference
Nifty opened the week on a flat note but made a dash towards 5700 which was promptly sold off to the lows of the day at 5645. The index ultimately closed shop at 5665.60 a miniscule gain of 1.30 points and a DOJI for a candle. The OI Table saw huge addition at 5700 and above CE levels and 5700 and below PE levels.

• Call option 5700-6200 added 20.71 lacs huge amount of OI with small liquidation seen at 5600 and lower strike prices.
• Put Option 5700-5200 added 30.17 lacs huge amount of OI with small liquidation seen at 5900 and above strike prices.
• Highest accumulation on Call option 6000 at 43.6 lacs & 5900 at 42.3 lacs whereas Put option 5600 at 45.0 lacs & 5700 at 40.5 lacs.
• Nifty Open Interest is at 1,78,21,850 down by 1,62,650 with no change in price, most probably long liquidation.
• Bank Nifty Open Interest is at 10,41,050 up by 19,050 with decrease in price, most probably small short build-up.
• FII’s sold huge 2.29 lacs of Futures, most probably long liquidation, as their net OI also decreased by 3.56 lacs and their average price per contract comes to around 4958.
• FII’s future open contract as on date is 393795.
• PCR Open Interest (Volume) is moving up, and now at 1.156.
• The support which is getting better is at 5600, with highest OI of 44.97 lacs.
• Initial resistance at 5800, with OI of 39.1 lacs and above that at 5900 with OI of 42.3 lacs.
• Range as per Option Table is 5625 -5716 and as per VIX is 5620 - 5710 with 5685 as the Pivot.

Option Call for 30-10-2012
Buy Nifty 5700CE above 95 for targets of 106, 120 SL - 90
Buy Nifty 5700PE above 92 for targets of 103, 115 SL - 88

India VIX : 15.12 up by 0.91
Call OI : 26652250
Put OI : 30807200
PCR OI : 1.156
SMR : 13.08 (Neutral: Range deadlock still on, with no party in a mood to bell the cat. News heavy days ahead so fasten your seat belts for a highly volatile ride...)

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Option Open Interest for 26-10-2012

Inference
The day after Expiry saw Nifty opening flat to negative and selling off to the lows of the day around 5640 but late buying saw the index close at 5664.30 a loss of 41.00 points. On a week on week basis Nifty lost 19.95 points or 0.35%. The OI Table saw huge addition at 5700 and above CE levels and 5700 and below PE levels.

• Call option 5700-6100 added 28.54 lacs huge amount of OI with small liquidation seen at 5600 and lower strike prices.
• Put Option 5700-5200 added 45.63 lacs huge amount of OI with small liquidation seen at 5800 and above strike prices.
• Highest accumulation on Call option 5900 at 37.9 lacs & 6000 at 36.9 lacs whereas Put option 5600 at 40.6 lacs & 5700 at 35.9 lacs.
• Nifty Open Interest is at 1,79,84,500 down by 72,050 with decrease in price, most probably long liquidation.
• Bank Nifty Open Interest is at 10,22,000 up by 1,200 with decrease in price, most probably small short build-up.
• FII’s sold huge 6.47 lacs of Futures, most probably some long liquidation and some short build-up, as net OI also decreased by 2.58 lacs and their average price per contract comes to around 4965.
• FII’s future open contract as on date is 400910.
• PCR Open Interest (Volume) at start of series is just above 1.015.
• The best support still at 5600, with highest OI of 40.6 lacs.
• Resistance at 5800, got better with huge addition for the day at 6.59 lacs and above that at 5900 with OI of 37.9 lacs.
• Range as per Option Table is 5623 -5714 and as per VIX is 5622 - 5706 with 5685 as the Pivot.

Option Call for 25-10-2012
Buy Nifty 5700CE above 95 for targets of 107, 122 SL - 89
Buy Nifty 5700PE above 94 for targets of 106, 120 SL - 89

India VIX : 14.21 up by 0.69 points
Call OI : 24486700
Put OI : 27193450
PCR OI : 1.111
SMR : 12.80 (Bearish to Neutral: The day after Expiry saw the index move lower, but the range deadlock has still not been resolved. Next week is news heavy so we may see a breakout or breakdown of the small range of 5630-5720, till then it’s a Option Writers paradise...)

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Option Open Interest for 25-10-2012

Inference
Expiry saw Nifty opening flat and staying in a very narrow range but with positive bias. The index ended the day at 5705.30 a small gain of 13.90 points. Nifty Open Interest added around 1.58 crore in the last 5 days at an WAP of 5696. The OI Table saw huge addition at each and every strike price with initial range of 5600-5900 for the time being.

• Call option 5200-6200 added 59.91 lacs huge amount of OI.
• Put Option 6000-5200 added 44.69 lacs huge amount of OI.
• Highest accumulation on Call option 5900 at 31.3 lacs & 6000 at 28.9 lacs whereas Put option 5600 at 38.6 lacs & 5700 at 29.2 lacs.
• Nifty Open Interest is at 1,80,56,550 up by 34,16,750, most probably 100% rollover with some long build-up.
• Bank Nifty Open Interest is at 10,20,800 up by 3,85,350, most probably 100% rollover with huge long build-up.
• FII’s bought huge 15.55 lacs of Futures, most probably long build-up, and their average price per contract comes to around 5010.
• FII’s future open contract as on date is 406068.
• PCR Open Interest (Volume) at start of series is just above 1.015.
• Huge Support building up at 5600, with highest OI of 38.6 lacs.
• Resistance right now at 5800 with OI of above 27.8 lacs and above that at 5900 with OI of 31.3 lacs.
• Range as per Option Table is 5657 -5751 and as per VIX is 5665 - 5746 with 5705 as the Pivot.

Option Call for 26-10-2012
Buy Nifty 5800CE above 70 for targets of 76, 81 SL - 66
Buy Nifty 5700PE above 77 for targets of 84, 95 SL - 73

India VIX : 13.52 down by 0.19
Call OI : 21970700
Put OI : 22301550
PCR OI : 1.015
SMR : 13.32 (Neutral: The October series ended as said around the comfort zone of the CE and the PE writers, now a new longish series with initial support building up at 5600 and resistance at 5900...)

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Option Open Interest for 23-10-2012

Inference
Nifty opened flat to weak on negative global cues, and steadily went down to end the day just above the lows at 5691.40 a loss of 25.75 points. Nifty had a good rollover for the day at around 57 lacs and now OI in November series is just above 1.46 crore. The OI Table saw huge liquidation by both the Bulls and the Bears, with highest liquidation seen around 5700 level with none of the parties seem sure of the level.

• Call option 5800 and above saw huge profit booking, with huge liquidation seen at 5700 and below strike prices.
• Put Option 5600 and below saw huge profit booking, with huge liquidation seen at 5700 and above strike prices.
• Highest accumulation on Call option 5800 at 1.09 crore & 5900 at 55.5 lacs whereas Put option 5600 at 73.3 lacs & 5500 at 55.1 lacs.
• Nifty Open Interest is at 1,39,34,300 down by 57,93,100 whereas Nov series added 63.58 lacs with decrease in price, most probably 100% rollover with some short build-up.
• Bank Nifty Open Interest is at 8,15,350 down by 2,56,275 whereas Nov series added 2.59 lacs with decrease in price, most probably 100% rollover with small short build-up.
• FII’s bought small 0.41 lacs of Futures, most probably long build-up, as their Net OI also increased by 8.73 lacs, and their average price per contract comes to around 5142.
• FII’s future open contract as on date is 718471.
• PCR Open Interest (Volume) is at 0.973 still under Bear control.
• Support at 5600, with huge OI of 73.3 lacs.
• Huge and only resistance right now at 5800 with highest OI of above 1.09 crore.
• Range as per Option Table is 5649 -5744 and as per VIX is 5651 - 5732 with 5700 as the Pivot.

Option Call for 25-10-2012
Buy Nifty 5700CE above 25 for targets of 34, 47 SL - 19
Buy Nifty 5700PE above 24 for targets of 32, 40 SL - 20

India VIX : 13.71 up by 0.67 points
Call OI : 34412700
Put OI : 33498100
PCR OI : 0.973
SMR : 14.08 (Bearish to Neutral: It’s back to square one, with neither party having any upper hand at 5700 level. It seems like neither the Bulls or the Bears are willing to risk much with huge liquidation seen in both CE and PE. A volatile expiry is expected…)

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Option Open Interest for 22-10-2012

Inference
Nifty opened weak on negative global cues, but steadily gained momentum and the responsive buyers took control to move the index into positive territory and a psychological close above the 5700 level. Nifty closed around the high point of the day at 5717.15 a good gain of 32.90 points or 0.58%. The OI Table saw the Bulls getting back with huge addition at 5700 and 5600PE level, whereas only addition in CE was seen at 5800.

• Call option 5800 added 9.80 lacs huge amount of OI, with huge liquidation seen at 5700 and below strike prices.
• Put Option 5800-5600 added 26.64 lacs huge amount of OI, with profit booking seen at 5500 and below strike prices.
• Highest accumulation on Call option 5800 at 1.17 crore & 5900 at 59.5 lacs whereas Put option 5600 at 83.6 lacs & 5700 at 62.5 lacs.
• Nifty Open Interest is at 1,97,27,400 down by 24,73,900 whereas Nov series added 46.05 lacs with increase in price, most probably 100% rollover with huge long build-up.
• Bank Nifty Open Interest is at 10,71,625 up by 25,200 whereas Nov series added 1.35 lacs with increase in price, most probably huge long build-up.
• FII’s bought huge 4.05 lacs of Futures, most probably long build-up, as their Net OI also increased by 39.2lacs, and their average price per contract comes to around 5132.
• FII’s future open contract as on date is 701013.
• PCR Open Interest (Volume) is at 0.976 still comfortably below the danger level for the Bulls.
• Initial support at 5700, with huge addition for the day at 7.74 lacs and below that at 5600 with OI above 83.6 lacs.
• Huge and only resistance right now at 5800 with highest OI of above 1.17 crore.
• Range as per Option Table is 5656 -5752 and as per VIX is 5678 - 5756 with 5700 as the Pivot.

Option Call for 23-10-2012
Buy Nifty 5700CE above 43 for targets of 52, 63 SL - 35
Buy Nifty 5700PE above 30 for targets of 42, 64 SL - 27

India VIX : 13.04 down by 1.50
Call OI : 37946350
Put OI : 37046250
PCR OI : 0.976
SMR : 13.36 (Neutral: Bulls wrested back the momentum to close above the psychological level of 5700, but need follow-up action tomorrow to stay in the game. The action right now is Neutral with neither party having much of an edge before expiry, or is that we see expiry around 5700 so that both parties get the full premium on Options...)

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Option Open Interest for 19-10-2012

Inference
Nifty opened negative and remained so with steady decline towards the lows of the day around 5660, but a late buying saw the index close at 5684.25, still a good loss of 34.45 points. On a week on week basis Nifty ended flat with a gain of just 8.20 points and a ‘DOJI’. The OI Table rolled back whatever was done on Thursday, with huge addition at 5600-5700CE and short covering at 5700PE level.

• Call option 5600-5800 added 21.94 lacs huge amount of OI, with huge profit booking seen at 5900 and above strike prices.
• Put Option 5800-5600 covered 41.88 lacs huge amount of OI, with no addition seen at any strike price.
• Highest accumulation on Call option 5800 at 1.07 crore & 5700 at 61.9 lacs whereas Put option 5600 at 68 lacs & 5500 at 66.8 lacs.
• Nifty Open Interest is at 2,22,01,300 down by 20,52,350 whereas Nov series added 12.06 lacs with decrease in price, most probably 100% rollover with huge long liquidation.
• Bank Nifty Open Interest is at 10,46,425 down by 1,64,550 whereas Nov series added 65 thousand with decrease in price, most probably 100% rollover with huge long liquidation.
• FII’s sold huge 5.39 lacs of Futures, most probably short build-up, as their Net OI also increased by 1.53 lacs, and their average price per contract comes to around 5018.
• FII’s future open contract as on date is 622617.
• PCR Open Interest (Volume) again dipped below 1 due to huge liquidation at most PE levels and now at 0.914.
• Support at 5600, though have weakened due to huge liquidation for the day at 19.5 lacs but still OI above 68 lacs and below that at 5500 with OI above 66.8 lacs.
• Resistance moved down to 5700 with huge addition for the day at 9.2 lacs and above that at 5800 with highest OI of 1.07 crore.
• Range as per Option Table is 5636 -5733 and as per VIX is 5641 - 5728 with 5690 as the Pivot.

Option Call for 22-10-2012
Buy Nifty 5700CE above 35 for targets of 47, 64 SL - 31
Buy Nifty 5700PE above 44 for targets of 56, 70 SL - 40

India VIX : 14.54 down by 0.22 points
Call OI : 39316200
Put OI : 35936050
PCR OI : 0.914
SMR : 15.91 (Bearish: Bulls really messed it up on Friday, giving up any hope of an expiry above 5750 range with huge-huge liquidation seen at 5700 and 5600PE level. Bears are in control and 5600 levels looks vulnerable right now...)

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Option Open Interest for 18-10-2012

Inference
Nifty opened flat and stayed around the previous day close but huge buying in banking shares (some rumours of rate cut) saw the index moved up vertically above 5700 to end the day strong at 5718.70, a huge gain of 58.45 points. The OI Table saw huge addition at 5600 and 5700PE.

• Call option 5800 added 7.45 lacs huge amount of OI, with huge short covering seen at 5700 and below strike prices.
• Put Option 5800-5600 added 32.74 lacs huge amount of OI, with huge profit booking seen at 5500 and below strike prices.
• Highest accumulation on Call option 5800 at 95.3 lacs & 5900 at 72.6 lacs whereas Put option 5600 at 87.6 lacs & 5700 at 70.6 lacs.
• Nifty Open Interest is at 2,42,53,650 up by 5,05,100 with huge increase in price, most probably long build-up.
• Bank Nifty Open Interest is at 12,10,975 up by 91,325 with huge increase in price, most probably long build-up.
• FII’s bought 1.03 lacs of Futures, most probably long build-up, as their Net OI also increased by 11.82 lacs, and their average price per contract comes to around 5052.
• FII’s future open contract as on date is 6.196 lacs.
• PCR Open Interest (Volume) made a jump above 1 and now above 1.049.
• Support jumped up to 5700, with huge addition for the day at 17.8 lacs and below that at 5600 with OI above 87.5 lacs.
• Resistance just shifted up to 5800 with highest OI of 95.3 lacs and above that at 5900 with OI of 72.6 lacs.
• Range as per Option Table is 5655 -5752 and as per VIX is 5675 - 5763 with 5700 as the Pivot.

Option Call for 19-10-2012
Buy Nifty 5700CE above 64 for targets of 78, 93 SL - 54
Buy Nifty 5700PE above 39 for targets of 52, 77 SL - 35

India VIX : 14.76 down by 0.41
Call OI : 38832100
Put OI : 40752600
PCR OI : 1.049
SMR : 14.06 (Neutral to Bullish: Well Bulls did it in style holding onto the 5630-40 range moved vertically above the psychological level 5700 and the weak Bears covered huge. Are the Bulls back???)

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Option Open Interest for 17-10-2012

Inference
Nifty opened positive on the back of good global cues, but was sold off instantly below the previous day’s close. The index became sluggish thereafter within a very narrow range but saw buying in the dying minutes to close positive at 5660.25, a smallish gain of 12.25 points. The OI Table saw huge addition at 5500PE and 5800CE.

• Call option 5800 added 16.86 lacs huge amount of OI, with huge profit booking seen at 5900 and above strike prices.
• Put Option 5700-5500 added 24.93 lacs huge amount of OI, with huge short covering seen at 5800 and above strike prices.
• Highest accumulation on Call option 5800 at 1.17 crore & 5700 at 67.7 lacs whereas Put option 5500 at 85.5 lacs & 5600 at 78.9 lacs.
• Nifty Open Interest is at 2,37,48,550 down by 2,88,950 with small increase in price, most probably long liquidation or short covering.
• Bank Nifty Open Interest is at 11,19,650 down by 26,525 with small increase in price, most probably long liquidation.
• FII’s bought huge 3.84 lacs of Futures, most probably long build-up, as their Net OI also increased by 0.22 lacs, and their average price per contract comes to around 4971.
• FII’s future open contract as on date is 5.959 lacs.
• PCR Open Interest (Volume) just moved up to 0.935 on the back of huge addition at 5500PE.
• Support still very good at 5600, with net OI above 78.9 lacs and below that at 5500 with OI above 85.5 lacs.
• Initial resistance still at 5700, though covered some but net OI above 67.7 and above that at 5800 with highest OI of 1.17 crore.
• Range as per Option Table is 5614 -5707 and as per VIX is 5615 - 5705 with 5670 as the Pivot.

Option Call for 18-10-2012
Buy Nifty 5700CE above 35 for targets of 44, 54 SL - 32
Buy Nifty 5700PE above 63 for targets of 80, 96 SL - 59

India VIX : 15.17 down by 0.40 points
Call OI : 42990650
Put OI : 40193250
PCR OI : 0.935
SMR : 17.23 (Bearish to Neutral: Nothing kind of a day in Nifty, but the only thing going for the Bulls is that though the Bears tried hard but were not able to close the index in negative. Will the Bulls be able to hold onto the 5630-40 range in the coming days???)

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Option Open Interest for 16-10-2012

Inference
Nifty opened positive on the back of good global cues and hovered around 5700 for the better part of first half, but Europe open saw huge sell-off to the lows of the day at 5635. Nifty ultimately closed around the lows at 5648.00, loss of 39.25 points. The OI Table saw huge addition at 5700 and 5800CE.

• Call option 5600-5800 added 23.60 lacs huge amount of OI, with huge profit booking seen at 5900 and above strike prices.
• Put Option 5600-5500 added 4.55 lacs huge amount of OI, with huge short covering seen at 5700 and above strike prices.
• Highest accumulation on Call option 5800 at 1.01 crore & 5900 at 72.9 lacs whereas Put option 5600 at 77.3 lacs & 5500 at 64.7 lacs.
• Nifty Open Interest is at 2,40,37,500 down by 5,70,200 with huge decrease in price, most probably huge long liquidation.
• Bank Nifty Open Interest is at 11,46,175 down by 35,275 with decrease in price, most probably huge long liquidation.
• FII’s sold huge 2.35 lacs of Futures, most probably long liquidation, as their Net OI also decreased by 6.23 lacs, and their average price per contract comes to around 4960.
• FII’s future open contract as on date is 5.955 lacs.
• PCR Open Interest (Volume) is decreasing fast and now at 0.884.
• Support still very much at 5600, with net OI above 77.3 lacs and below that at 5500 with OI above 64.7 lacs.
• Initial resistance now at 5700 with huge addition for the day at 14.23 lacs and net OI above 72 and above that at 5800 with highest OI of 1 crore.
• Range as per Option Table is 5615 -5714 and as per VIX is 5602 - 5694 with 5670 as the Pivot.

Option Call for 17-10-2012
Buy Nifty 5700CE above 42 for targets of 57, 85 SL - 39
Buy Nifty 5700PE above 78 for targets of 96, 115 SL - 68

India VIX : 15.57 down by 0.33
Call OI : 42834600
Put OI : 37859550
PCR OI : 0.884
SMR : 17.62 (Bearish: Any thought of Bullishness in Nifty was nipped in the bud by the resurgent Bears. The OI Table is highly tilted in favour of the Bears with PCR moving lower to 0.884...)

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Option Open Interest for 15-10-2012

Inference
Nifty opened negative below the previous day’s close and languished around the lows for the better part of the morning session. After Europe opened, Nifty made a dash towards 5700, but was not able to conquer it and closed just below at 5687.25, a small gain of 11.20 points. The OI Table saw huge addition at 5600PE, which now looks like a very valid Support, resistance still very much at 5800.

• Call option 5400, 5800, 6100 added 10.28 lacs huge amount of OI, with small profit booking seen at 5900 and above levels.
• Put Option 5700-5600 added 9.22 lacs huge amount of OI, with huge profit booking seen at 5500 and lower strike prices.
• Highest accumulation on Call option 5800 at 91.8 lacs & 5900 at 88.1 lacs whereas Put option 5600 at 76.9 lacs & 5500 at 60.5 lacs.
• Nifty Open Interest is at 2,46,07,700 down by 2,63,350 with increase in price, most probably huge short covering.
• Bank Nifty Open Interest is at 11,81,450 up by 17,625 with increase in price, most probably huge long build-up.
• FII’s bought huge 6.50 lacs of Futures, most probably long build-up, as their Net OI also increased by 2.03 lacs, and their average price per contract comes to around 5024.
• FII’s future open contract as on date is 6.079 lacs.
• PCR Open Interest (Volume) decreased to 0.908 due to huge profit booking seen at 5500 and below PE levels.
• Best Support at 5600, with huge addition for the day at 7.19 lacs and net OI above 76.9 lacs and below that at 5500 with OI above 60.5 lacs.
• Rock solid Resistance still remains at 5800 with highest OI in Option Table at 91.8 lacs and above that at 5900 with OI above 88.1 lacs.
• Range as per Option Table is 5634 -5728 and as per VIX is 5640 - 5735 with 5690 as the Pivot.

Option Call for 16-10-2012
Buy Nifty 5700CE above 59 for targets of 68, 77 SL - 55
Buy Nifty 5700PE above 62 for targets of 72, 89 SL - 58

India VIX : 15.90 down by 0.59 points
Call OI : 43510700
Put OI : 39486350
PCR OI : 0.908
SMR : 17.52 (Bearish to Neutral: Bulls were able to thwart the Bears for the Day with a positive close, but they still need to take control of 5700 though 5600 level looks secured right now...)

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Option Open Interest for 12-10-2012

Inference
Nifty opened negative below 5700, but made a dash above 5720 within the first 2 hrs of trade, but after the IIP data was announced, which grew at 2.7% in August against a dismal -0.2% in July, the market corrected to the lows of the day to close at 5676.05 a loss of 32.00 points. On a week on week basis the market lost 70.90 points or about 1.23%. The OI Table saw huge addition from 5700-5900CE levels and now 5800 & 5900 CE strike have more than 90 lacs OI.

• Call option 5860-5900 added 25.16 lacs huge amount of OI, with small profit booking seen at 6000 level.
• Put Option 5700, 5500-5300 added 11.43 lacs huge amount of OI, with huge short covering seen at 5800 and above strike prices.
• Highest accumulation on Call option 5800 at 90.7 lacs & 5900 at 90.2 lacs whereas Put option 5600 at 69.7 lacs & 5500 at 64.9 lacs.
• Nifty Open Interest is at 2,48,71,050 down by 4,98,650 with decrease in price, most probably huge long liquidation.
• Bank Nifty Open Interest is at 11,63,825 down by 58,375 with decrease in price, most probably huge long liquidation.
• FII’s sold huge 5.62 lacs of Futures, most probably long liquidation, as their Net OI also decreased by 5.97 lacs, and their average price per contract comes to around 5107.
• FII’s future open contract as on date is 6.039 lacs.
• PCR Open Interest (Volume) is decreasing by the day and now at 0.919.
• Best Support at 5600, with huge OI above 69.7 lacs and below that at 5500 with OI above 64.9 lacs.
• Rock solid Resistance at 5800 with highest OI in Option Table at 90.7 lacs and above that at 5900 with OI above 90.2 lacs.
• Range as per Option Table is 5638 -5733 and as per VIX is 5627 - 5725 with 5690 as the Pivot.

Option Call for 15-10-2012
Buy Nifty 5700CE above 67 for targets of 81, 105 SL - 63
Buy Nifty 5700PE above 69 for targets of 80, 91 SL - 63

India VIX : 16.49 no change
Call OI : 43153350
Put OI : 39677550
PCR OI : 0.919
SMR : 17.46 (Bearish: Bulls were unable to hold onto Thursday’s gain and surrendered meekly with the CE Writers making sure that 5800 and above strike price is out of bounds for the Bulls...)

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