Tuesday, April 23, 2013

Option Open Interest for 23-04-2013

Inference
The index for a change opened flat and went down with each passing hour but saw a huge comeback from just below 5800 level as Europe opened positive. The index ultimately closed positive at 5836.90, a small gain of 2.50 points. The broader market was just negative, with 637 advances to 664 declines. The Option Table is delicately placed within a range of 5800-5900, hope to see a huge volatile move on the D-Day.
  • Call option 5900-6000 added 4.30 lacs huge amount of OI with huge liquidation seen at 5800 and below strike prices.
  • Put option 5900-5700 added 10.12 lacs huge amount of OI with profit booking seen at 5600 and below strike prices.
  • Highest accumulation on Call option 5900 at 80.45 lacs & 5800 at 53.87 lacs whereas Put option 5600 at 86.88 lacs & 5700 at 73.26 lacs.
  • Nifty Open Interest is at 1,14,31,100 down by 28,25,150, whereas May series added 26.66 lacs, with small increase in price, most probably rollover with some short covering in current series.
  • Bank Nifty Open Interest is at 11,37,450, down by 4,85,375, whereas May series also added 3.05 lacs with small decrease in price, most probably huge rollover with some long liquidation in current series.
  • FII’s bought huge 16.08 lacs of Futures, most probably long build-up, as their net OI increased by 8594 contracts and the average price per contract comes to around 5890.
  • FII’s future open contract as on date is 400622.
  • PCR Open Interest (Volume) is at highest of the series now at 1.530.
  • Initial support at 5800, with huge OI of 61.66 lacs and below that at 5700 with huge OI of 73.3 lacs.
  • Initial and best Resistance right now at 5900, with OI of 80.45 lacs.
  • Range as per Option Table is 5770 - 5886 and as per VIX is 5791 - 5883 with 5810 as the Pivot.
Option Call for 25-04-2013
Buy Nifty 5800CE above 49 for targets of 63, 77 SL - 42
Buy Nifty 5900PE above 73 for targets of 92, 117 SL - 68

India VIX : 15.07 down by 1.15
Call OI : 28435600
Put OI : 43512400
PCR OI : 1.530
SMR : 11.20 (BULLISH: When it looked like that the Bears are on a prowl, the Bulls came back with a vengeance to close positive and made sure that the Expiry will be positive with huge addition at 5800PE level...)