Wednesday, May 15, 2013

Option Open Interest for 15-05-2013

Nifty opened just positive and went higher and higher with each passing hour to scale one psychological level after another to end at 28 months high at 6146.75, with a huge gain for the day at 151.35 points and in process covered all that was lost on Monday with a few more. The broader market also performed well, with just 865 advances to 424 declines. The PE writers have added huge from 600-6200 levels and now support is placed at 6000.
  • Call option 6100, 6300-6500 added 33.32 lacs huge amount of OI with huge short covering seen at 6000 and below strike prices.
  • Put option 6300-5900 added 60.08 lacs huge amount of OI with profit booking seen at 5800 and lower strike prices.
  • Highest accumulation on Call option 6200 at 68.70 lacs & 6100 at 61.30 lacs whereas Put option 5800 at 87.79 lacs & 5900 at 79.33 lacs.
  • Nifty Open Interest is at 2,50,92,300 up by huge 25,48,600, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 20,76,375, up by 1,69,575, with huge increase in price, most probably long build-up.
  • FII’s bought 4.05 lacs of Futures, most probably long build-up, as their net OI increased by 24963 contracts and the average price per contract comes to around 6189.
  • FII’s future open contract as on date is 534261.
  • PCR Open Interest (Volume) is now up at 1.412.
  • Support jumped up at 6000, with huge addition for the day and now OI above 73.33 lacs and below that at 5900 with huge OI of 79.11 lacs.
  • Initial and best resistance at 6200, with highest OI on call side at 68.70 lacs.
  • Range as per Option Table is 6064 - 6175 and as per VIX is 6088 - 6205 with 6110 as the Pivot.
Option Call for 16-05-2013
Buy Nifty 6100CE above 121 for targets of 135, 157 SL - 98
Buy Nifty 6100PE above 79 for targets of 92, 109 SL - 76

India VIX :18.13 up by 0.96 points
Call OI : 38905300
Put OI : 54946250
PCR OI : 1.412
SMR : 12.84 (Bullish: The Bulls returned with a bang and closed at multi-year high erasing all the loss of Monday with firm control of Option Table, new highs may be waiting...)

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