Wednesday, June 12, 2013

Option Open Interest for 12-06-2013

Inference
Nifty opened negative, oscillated within a narrow range of 50, with the high around 5793 and the lows at 5738, but closing in between at 5760.20, a loss of 28.60 points. Nifty was unable to move above the Bull level of 200SMA on intra basis also. The broader market was bad, with just 510 advances to 794 declines. Option Table resistance building up around 5800 with addition of 19.37 lacs for the day.
  • Call option 5700-6000 added 35.30 lacs huge amount of OI with small profit booking seen at 6100 and above strike price.
  • Put option 5800-5600, 5400 added 22.04 lacs huge amount of OI with short covering seen at 5900 and above strike prices.
  • Highest accumulation on Call option 6000 at 75.70 lacs & 6100 at 68.75 lacs whereas Put option 5700 at 71.90 lacs & 5800 at 60.52 lacs.
  • Nifty Open Interest is at 1,45,34,150 up by 9,65,100, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 12,58,625, up by 57,650, with decrease in price, most probably huge short build-up.
  • FII’s sold 8.42 lacs Futures (Approx 1.34 crore futures sold in the last 9 days), most probably short build-up, as their net OI increased by 42773 contracts and the average price per contract comes to around 5786.
  • FII’s future open contract as on date is 315320.
  • PCR Open Interest (Volume) is at the low of the series at 0.915.
  • Good support at 5700, with OI above 71.90 lacs and below that at 5600 with OI of just 45.27 lacs.
  • Initial resistance right now at 5800, with huge addition for the day at 19.37 lacs and above that at 5900 with huge OI of 55.73 lacs.
  • Range as per Option Table is 5705 - 5824 and as per VIX is 5703 - 5817 with 5780 as the Pivot.
Option Call for 13-06-2013
Buy Nifty 5800CE above 77 for targets of 87, 102 SL - 72
Buy Nifty 5800PE above 102 for targets of 116, 132 SL - 98

India VIX : 18.85 down by 0.64 points
Call OI : 46663400
Put OI : 42700600
PCR OI : 0.915
SMR : 20.60 (BEARISH: Nifty closed in red for fifth day in a row, with the Bulls nowhere to be seen, Bears are making life difficult for the them with huge addition at all CE levels and now PCR volume has gone below 1....)