Friday, April 26, 2013

Option Open Interest for 26-04-2013

Inference
The index just below 5900 and stayed down for the entire session with a pullback around the second half sold off to the lows of the day around 5860. The index ultimately shut shop at 5871.45, a good loss of 44.85 points. On a week-on-week basis the index though gained 88.35 points or approx 1.53%. The broader market was also negative, with just 489 advances to 802 declines. The Option Table though is not showing much of a dent with good support building up around 5800 level.
  • Call option 5900-6200 added 22.25 lacs huge amount of OI with small profit booking seen at 6300 and above strike prices.
  • Put option 5900-5400 added 18.35 lacs huge amount of OI with small short covering seen at 6000 and above strike prices.
  • Highest accumulation on Call option 5900 at 45.89 lacs & 6000 at 39.11 lacs whereas Put option 5800 at 51.08 lacs & 5700 at 48.80 lacs.
  • Nifty Open Interest is at 1,58,15,550 up by 7,97,900, with decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 14,74,375, up by 18,275, with decrease in price, most probably short build-up.
  • FII’s bought huge 5.01 lacs of Futures, most probably long build-up, as their net OI increased by 32108 contracts and the average price per contract comes to around 5921.
  • FII’s future open contract as on date is 330290.
  • PCR Open Interest (Volume) is just hovering around 1.153.
  • Initial and best support at 5800, with highest OI of 51.08 lacs and below that at 5700 with huge OI of 48.80 lacs.
  • Initial resistance right now at 5900, with huge OI of 45.89 lacs and above that at 6000 with OI of 39.11 lacs.
  • Range as per Option Table is 5821 - 5934 and as per VIX is 5829 - 5914 with 5880 as the Pivot.
Option Call for 29-04-2013
Buy Nifty 5900CE above 91 for targets of 99, 113 SL - 87
Buy Nifty 5900PE above 100 for targets of 109, 119 SL - 96

India VIX : 13.88 down by 0.32
Call OI : 27327700
Put OI : 31521200
PCR OI : 1.153
SMR : 12.03 (Bullish with Caution: Nifty for a change closed in the negative, but seems mostly like profit booking as the volume was too low in comparison to the up days and the OI table still seems in favour of the Bulls...)