Tuesday, June 11, 2013

Option Open Interest for 11-06-2013

Inference
Nifty opened negative, but did not get any buyer support but drifted down with each passing hour to end below the psychological level 5800. The index closed at the lowest point of the day at 5788.80, a huge loss of 89.20 points. The broader market was bad, with just 262 advances to 1025 declines. Option Table looks fully loaded in favour of the Bears :)
  • Call option 5700-6200 added 31.83 lacs huge amount of OI with small profit booking seen at 6300 and above strike price.
  • Put option 5700, 5500-5400 added 30.58 lacs huge amount of OI with short covering seen at 5800 and above strike prices.
  • Highest accumulation on Call option 6100 at 69.25 lacs & 6000 at 68.83 lacs whereas Put option 5700 at 64.66 lacs & 5800 at 57.40 lacs.
  • Nifty Open Interest is at 1,35,69,050 up by 13,98,400, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 12,00,975, up by 60,075, with decrease in price, most probably huge short build-up.
  • FII’s sold HUGE 31.82 lacs Futures (Approx 1.26 crore futures sold in the last 8 days), most probably short build-up, as their net OI increased by 43644 contracts and the average price per contract comes to around 5815.
  • FII’s future open contract as on date is 272547.
  • PCR Open Interest (Volume) is hovering below 1 and now at 0.960.
  • Best and only Support at 5700, with OI above 64.66 lacs.
  • Initial resistance right now at 5900, with OI above 51.82 lacs and above that at 6000 with huge OI of 68.83 lacs.
  • Range as per Option Table is 5747 - 5868 and as per VIX is 5730 - 5848 with 5855 as the Pivot.
Option Call for 12-06-2013
Buy Nifty 5800CE above 107 for targets of 123, 148 SL - 100
Buy Nifty 5800PE above 93 for targets of 106, 120 SL - 83

India VIX : 19.49, up by 1.38 points
Call OI : 43110650
Put OI : 41377000
PCR OI : 0.960
SMR : 20.31 (BEARISH: Nifty closed below the Bull level of 200 SMA, with the sellers adding huge Open Interest and now in driver seat, but now new sellers need to be cautious as SMR has gone above 20...)