Tuesday, February 5, 2013

Option Open Interest for 05-02-2013

Inference
Nifty opened weak on the back of bad global cues, but tried to move up during the initial stages, to be sold off to the lows of the day below 5950. Another attempt was made by the Bulls from the low but was again sold off to close the day weak at 5956.90, a loss of 30.35 points, a losing streak of 5 days. The broader market is being hammered in comparison to the index, with 432 advances to 1074 declines. Huge profit booking at 6300CE saw the PCR move above 1 to settle at 1.095.
  • Call option 5900-6200 added 17.58 lacs huge amount of OI with huge profit booking seen at 6300 and above strike prices.
  • Put Option 5900-5500 added 32.97 lacs huge amount of OI with huge short covering seen at 6000 and above strike prices.
  • Highest accumulation on Call option 6100 at 58.83 lacs & 6200 at 48.07 lacs whereas Put option 5700 at 52.40 lacs & 5900 at 51.40 lacs.
  • Nifty Open Interest is at 1,30,48,500 down by 1,36,050 with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 11,72,200, down by 15,400, with decrease in price, most probably long liquidation.
  • FII’s sold huge 11.14 lacs of Futures, most probably short build-up, as their net OI increased by 6345 contract and the average price per contract comes to around 6000.
  • FII’s future open contract as on date is 280302.
  • PCR Open Interest (Volume) is just moved above 1 due to huge profit seen at 6300CE and now at 1.095.
  • Support at 5900PE got stronger, with huge addition of 9.7 lacs for the day and below that at 5700 with OI of 52.4 lacs.
  • Huge resistance at 6100CE, with OI above 58.8 lacs, and above that at 6200 with OI of 48.1 lacs.
  • Range as per Option Table is 5921 - 5997 and as per VIX is 5911 - 6002 with 5980 as the Pivot.
Option Call for 06-02-2013
Buy Nifty 6000CE above 67 for targets of 73, 80 SL - 64
Buy Nifty 6000PE above 90 for targets of 97, 105 SL - 87

India VIX : 14.61 up by 0.27
Call OI : 26065400
Put OI : 28535250
PCR OI : 1.095
SMR : 13.35 (Bearish: Option Table saw the Bulls coming back to add huge at lower levels in anticipation of a turnaround, will that going to happen in the next 2 days?)