Tuesday, January 1, 2013

Option Open Interest for 01-01-2013

Inference
Nifty opened positive note and stayed positive throughout the day but unable to capture the previous high of 5965. The index still made a very good move to end the day at 5950.85 a gain of 45.75 points. The broader market performed superbly, with 1103 advances to 408 declines. The OI Table saw support moving up to 5900PE, with huge addition for the day at 6.83 lacs.
  • Call option 6000-6400 added 29.33 lacs huge amount of OI with some short covering seen at 5900 and below strike prices.
  • Put Option 6000-5600 added 33.44 lacs huge amount of OI with profit booking seen at 5500 and lower levels.
  • Highest accumulation on Call option 6000 at 59.4 lacs & 6200 at 57.4 lacs whereas Put option 5800 at 54.9 lacs & 5700 at 53.8 lacs.
  • Nifty Open Interest is at 1,70,09,050 up by 6,35,900, with huge increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 11,10,875 up by 86,025, with huge increase in price, most probably long build-up.
  • FII’s sold huge 2.27 lacs of Futures, most probably long liquidation, as their net OI decreased by 3958 contract and the average price per contract comes to around 6019.
  • FII’s future open contract as on date is 252859.
  • PCR Open Interest (Volume) is still very much above in safe zone at 1.248.
  • Support now at 5900PE with OI above 46.2 lacs and below that at 5800 with OI of 54.9 lacs.
  • The Best Resistance still at 6000CE, with OI above 59.4 lacs, and above that at 6100 with OI of 45.1 lacs.
  • Range as per Option Table is 5909 -5992 and as per VIX is 5908 - 5993 with 5930 as the Pivot.
Option Call for 02-01-2013
Buy Nifty 6000CE above 91 for targets of 99, 108 SL - 87
Buy Nifty 5900PE above 50 for targets of 56, 68 SL - 46

India VIX : 13.69 down by 1.26
Call OI : 29810350
Put OI : 37198650
PCR OI : 1.248
SMR : 10.97 (Bullish: After the Dull Trade on the last day of 2012, the Bulls made it sure of a electrifying start to the new year with a gain of 45.75 points and a close above 6000 in future...)