Monday, April 29, 2013

Option Open Interest for 29-04-2013

Inference
The index opened flat and stayed within a narrow range but gathered momentum as Europe opened to move to the highs of the day around 5920. The index ultimately closed just below at 5904.10, a good gain of 32.65 points. The broader market was also positive, with 724 advances to 554 declines. Support gathering momentum around 5800 level in Option Table.
  • Call option 5900-6400 added 12.85 lacs huge amount of OI with small short covering seen at 5700 and below strike prices.
  • Put option 6000-5600 added 17.88 lacs huge amount of OI with small profit booking seen at 5500 and below strike prices.
  • Highest accumulation on Call option 5900 at 46.65 lacs & 6000 at 41.68 lacs whereas Put option 5700 at 55.03 lacs & 5800 at 54.62 lacs.
  • Nifty Open Interest is at 1,61,62,300 up by 3,46,750, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 15,73,900, up by 99,525, with increase in price, most probably huge long build-up.
  • FII’s bought small 0.2 lacs of Futures, most probably long build-up, as their net OI increased by 10328 contracts and the average price per contract comes to around 5953.
  • FII’s future open contract as on date is 340618.
  • PCR Open Interest (Volume) is still holding-on at 1.161.
  • Initial support at 5800, with OI of 54.6 lacs and below that at 5700 with highest OI of 55.03 lacs.
  • Initial and best resistance right now at 6000, with huge OI of 41.68 lacs.
  • Range as per Option Table is 5844 - 5955 and as per VIX is 5860 - 5948 with 5900 as the Pivot.
Option Call for 30-04-2013
Buy Nifty 5900CE above 99 for targets of 108, 119 SL - 94
Buy Nifty 5900PE above 87 for targets of 96, 111 SL - 82

India VIX :14.33 up by 0.45 points
Call OI : 28592050
Put OI : 33198450
PCR OI : 1.161
SMR : 12.34 (BULLISH: Nifty is consolidating with Bullish bias around 5900 level, with Bulls firmly in control of proceeding waiting for the BIG RBI-Day....)