Thursday, January 10, 2013

Option Open Interest for 10-01-2013

Inference
Nifty opened strong around the 6000 mark but was sold off to the lows of the day around 5950. Responsive buyers got in around that level to move the index past the previous day’s close but ultimately closed flat at 5968.65 a miniscule loss of 2.85 points. The broader market though was very weak, with 499 advances to 1011 declines. The OI Table saw huge addition from 5900-5700PE levels with 5800PE now looking like good enough support for the series.
  • Call option 6000 added 2.61 lacs huge amount of OI with huge profit booking seen at 6100 and above strike prices.
  • Put Option 6100, 5900-5700 added 15.20 lacs huge amount of OI with profit booking seen at 5600 strike price.
  • Highest accumulation on Call option 6200 at 80.1 lacs & 6100 at 62.5 lacs whereas Put option 5800 at 76.0 lacs & 5900 at 68.0 lacs.
  • Nifty Open Interest is at 1,61,14,650 up by 6,08,600, with small increase in price, most probably huge long/short build-up.
  • Bank Nifty Open Interest is at 11,56,125 up by 61,075, with increase in price, most probably huge long build-up.
  • FII’s bought 1.02 lacs of Futures, most probably long build-up, as their net OI increased by 15325 contract and the average price per contract comes to around 6015.
  • FII’s future open contract as on date is 265815.
  • PCR Open Interest (Volume) is exactly at 1.200.
  • Support getting better at 5900PE with each passing day with OI now above 68 lacs and below that at 5800 with OI of 76.04 lacs.
  • Resistance still very much at 6100CE, though some profit booking was seen, and above that at 6200 with highest OI of 80.1 lacs.
  • Range as per Option Table is 5933 - 6014 and as per VIX is 5927 - 6010 with 5980 as the Pivot.
Option Call for 11-01-2013
Buy Nifty 6000CE above 73 for targets of 83, 97 SL - 69
Buy Nifty 6000PE above 66 for targets of 77, 88 SL - 63

India VIX : 13.27 down by 0.05 points
Call OI : 33549950
Put OI : 42343200
PCR OI : 1.262
SMR : 10.51 (Neutral: Bears dominated the market for the better part of the day, but seemed like not interested to make a Killing, and let the Bulls come back around end of day...)