Sunday, April 14, 2013

Option Open Interest for 12-04-2013

Inference
The index opened huge down, due to a shocker from the IT giant, Infosys, which went down more than 21%. Nifty was unable to move up in intra trade also and any small up-move was sold-off. The index ultimately closed at 5528.55, a huge loss of 65.45 points. On a week on week basis the index lost 0.44% or around 24.70 points. The broader market was also weak, with just 528 advances to 754 declines. The Option Table is back in the hands of the Bears after a small hiatus.
  • Call option 5500-5800 added 28.68 lacs huge amount of OI with profit booking seen at 5900-6100 strike prices.
  • Put option 5300-5200 added 4.17 lacs huge amount of OI with short covering seen at 5600 and above strike prices.
  • Highest accumulation on Call option 5700 at 80.32 lacs & 5800 at 72.76 lacs whereas Put option 5500 at 65.99 lacs & 5400 at 65.59 lacs.
  • Nifty Open Interest is at 2,02,38,250 up by 4,06,250, with huge decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 13,80,975, up by 91,800, with increase in price, most probably huge long build-up.
  • FII’s sold huge 7.30 lacs of Futures, most probably short build-up, as their net OI increased by 22342 contracts and the average price per contract comes to around 5551.
  • FII’s future open contract as on date is 452827.
  • PCR Open Interest (Volume) moved down to 0.868 due to huge liquidation at 5400-5600PE levels.
  • Best Support still at 5500, though covered huge OI and below that at 5400 with OI of 65.6 lacs.
  • Initial Resistance now at 5600 with huge addition for the day at 12.08 lacs and OI above 70.2 lacs and above that at 5700 with highest OI of 80.3 lacs.
  • Range as per Option Table is 5470 - 5579 and as per VIX is 5481 - 5576 with 5585 as the Pivot.
Option Call for 15-04-2013
Buy Nifty 5500CE above 87 for targets of 99, 113 SL - 82
Buy Nifty 5500PE above 53 for targets of 62, 72 SL - 49

India VIX : 16.45 down by 0.52
Call OI : 44702400
Put OI : 38788050
PCR OI : 0.868
SMR : 18.96 (Bearish: When it seemed that the Index is coming out of Bear control, Infy came out with a disaster of a result to go down by more than 21% and took Nifty with it. BEARS NOW BACK IN FULL CONTROL...)