Monday, May 27, 2013

Option Open Interest for 27-05-2013

Inference
Nifty opened flat and after a initial dip saw the buyer take control and moved the index up by more than 100 points to touch 6100, but closed marginally lower at 6083.15, a super gain of 99.60 points and in the process captured the psychological level of 6000 with much to spare. The broader market was also positive, with 815 advances to 473 declines. Range as per Option Table for expiry week is playing well enough and remains same as 5900-6180.
  • Call option 6100-6300 added 6.74 lacs huge amount of OI with short covering seen at 6000 and lower strike prices.
  • Put option 6200-6000 added 40.54 lacs huge amount of OI with huge profit booking seen at 5900 and below strike prices.
  • Highest accumulation on Call option 6100 at 83.67 lacs & 6200 at 57.28 lacs whereas Put option 6000 at 79.42 lacs & 5900 at 72.72 lacs.
  • Nifty Open Interest is at 2,20,75,600 down by 21,27,150, whereas June series added 24.71 lacs with huge increase in price, most probably 100% rollover with small long addition.
  • Bank Nifty Open Interest is at 14,41,200, down by 16,325, whereas June series added 0.97 lacs with increase in price, most probably 100% rollover with huge long build-up.
  • FII’s bought 2.76 lacs of Futures, most probably long build-up, as their net OI increased by 5804 contracts and the average price per contract comes to around 6107.
  • FII’s future open contract as on date is 581184.
  • PCR Open Interest (Volume) has again jumped to 1.272.
  • Best Support has just moved up at 6000, with huge OI of 79.42 lacs and below that at 5900 with OI of 72.72 lacs.
  • Best and only worthwhile resistance right now at 6100, with highest OI of 83.67 lacs and above that at 6200 with huge OI of 57.28 lacs.
  • Range as per Option Table is 6002 - 6119 and as per VIX is 6029 - 6137 with 6060 as the Pivot.
Option Call for 28-05-2013
Buy Nifty 6000CE above 93 for targets of 107, 128 SL - 77
Buy Nifty 6100PE above 72 for targets of 85, 111 SL - 67

India VIX :17.03 down by 0.67 points
Call OI : 37396150
Put OI : 47586050
PCR OI : 1.272
SMR : 13.38 (Neutral with Bullish undertone: After the huge loss of last week, the Bulls came back strong at the start of the week to give the Bears run for their money, and now Nifty is nicely poised between the two highest Option levels and tomorrow could be the decider for this expiry...)