Monday, June 10, 2013

Option Open Interest for 10-06-2013

Inference
Nifty opened positive on the back of good global cues and made a high of 5932 within the first few minutes of trade, but the sellers had other idea and came back with a vengeance to move the index below 5900 and towards a new low of 5857.40. The index though recouped itself and closed just lower at 5878, a small loss of 3.00. The broader market was pathetic, with just 404 advances to 905 declines. Option Table for the first time saw PCR volume dip below 1.
  • Call option 5800-6100, 6300 added 22.27 lacs huge amount of OI with small profit booking seen at 6200 strike price.
  • Put option 5500 added 7.47 lacs huge amount of OI with short covering seen at 5900 and above strike prices.
  • Highest accumulation on Call option 6100 at 68.37 lacs & 6200 at 61.64 lacs whereas Put option 5900 at 65.51 lacs & 5800 at 61.07 lacs.
  • Nifty Open Interest is at 1,21,70,650 down by 1,57,000, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 11,40,900, up by 72,850, with decrease in price, most probably huge short build-up.
  • FII’s sold just 4250 Futures (Approx 94 lacs futures sold in the last 7 days), most probably long liquidation, as their net OI decreased by 2995 contracts and the average price per contract comes to around 5915.
  • FII’s future open contract as on date is 228903.
  • PCR Open Interest (Volume) has gone down below 1 for the first time in the series and now at 0.993.
  • Support still at 5800, with OI above 61.07 lacs and below that at 5700 with OI of 53.15 lacs.
  • Good resistance at 6000, with OI of 61.51 lacs and above that at 6100 with highest OI of 68.37 lacs.
  • Range as per Option Table is 5826 - 5946 and as per VIX is 5822 - 5934 with 5910 as the Pivot.
Option Call for 11-06-2013
Buy Nifty 5900CE above 93 for targets of 107, 130 SL - 89
Buy Nifty 5900PE above 97 for targets of 110, 130 SL - 91

India VIX : 18.11 up by 0.76 points
Call OI : 41314950
Put OI : 41021200
PCR OI : 0.993
SMR : 18.24 (BEARISH: A strong opening saw the Bears swinging back in action to get a new low for the series but the Bulls came back during the dying minutes to pull back much of the loss, Sell on rise continues....)