Tuesday, April 30, 2013

Option Open Interest for 30-04-2013

Inference
Nifty opened gap-up but was sold off immediately to the lows of the day at 5865, a huge loss of 100 points from the top. The responsive buyers took control from the lows to move the index back into positive territory and closed at 5930.20, a gain of 26.10 points. The broader market though was negative, with just 588 advances to 686 declines. Option Table is gathering support around 5800 level.
  • Call option 5800-6400 added 21.69 lacs huge amount of OI with short covering seen at 5700 and below strike prices.
  • Put option 5800-5400 added 24.92 lacs huge amount of OI with small short covering seen at 5900 and above strike prices.
  • Highest accumulation on Call option 5900 at 50.38 lacs & 6000 at 45.57 lacs whereas Put option 5800 at 63.34 lacs & 5700 at 62.80 lacs.
  • Nifty Open Interest is at 1,65,28,100 up by 3,65,800, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 15,40,100, down by 33,800, with decrease in price, most probably long liquidation.
  • FII’s sold small 0.44 lacs of Futures, most probably short build-up, as their net OI increased by 13946 contracts and the average price per contract comes to around 5959.
  • FII’s future open contract as on date is 354564.
  • PCR Open Interest (Volume) is at 1.178.
  • Initial very good support at 5800, with highest OI of 63.3 lacs and below that at 5700 with OI of 62.80 lacs.
  • Resistance right now at 6000, with huge OI of 45.57 lacs and above that at 6100 with OI of 42.71 lacs.
  • Range as per Option Table is 5867 - 5977 and as per VIX is 5883 - 5977 with 5920 as the Pivot.
Option Call for 02-05-2013
Buy Nifty 5900CE above 107 for targets of 118, 135 SL - 100
Buy Nifty 5900PE above 86 for targets of 100, 126 SL - 82

India VIX : 15.10 up by 0.77
Call OI : 30119900
Put OI : 35471900
PCR OI : 1.178
SMR : 12.82 (Bullish: Nifty did correct 100 points, but in intra-day and closed strong, with 5800 level now having a very good support. Market participants are mainly waiting for the BIG RBI-Day...)