Tuesday, June 18, 2013

Option Open Interest for 18-06-2013

Inference
Nifty opened weak, and stayed weak for the better part of the day with only up-move around the second half sold huge with the index closing around the lows of the day at 5813.60, a huge loss of 36.45 points. The broader market was just negative, with 633 advances to 642 declines. Option Table is back to Bearish mode, with 5900 adding more than 15.1 lacs.
  • Call option 5800-6100 added just 33.31 lacs of OI with huge profit booking seen at 6200 and above strike prices.
  • Put option 5600 added 4.08 lacs huge amount of OI with short covering seen at 5700 and above strike prices.
  • Highest accumulation on Call option 6000 at 85.76 lacs & 5900 at 74.64 lacs whereas Put option 5700 at 74.24 lacs & 5800 at 68.00 lacs.
  • Nifty Open Interest is at 1,77,99,300 up by 7,57,600, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 13,33,225, up by 71,550, with decrease in price, most probably huge short build-up.
  • FII’s sold 5.50 lacs Futures, most probably short build-up, as their net OI increased by 23064 contracts and the average price per contract comes to around 5823.
  • FII’s future open contract as on date is 421327.
  • PCR Open Interest (Volume) has gone to the lows of the series at 0.885.
  • Initial support still very much at 5800, with OI above 68.00 lacs and below that at 5700 with huge OI of 74.24 lacs.
  • Resistance right now at 5900, with huge OI of 74.64 lacs and above that at 6000 with highest OI of 85.76 lacs.
  • Range as per Option Table is 5763 - 5883 and as per VIX is 5758 - 5869 with 5830 as the Pivot.
Option Call for 19-06-2013
Buy Nifty 5800CE above 79 for targets of 93, 115 SL - 74
Buy Nifty 5800PE above 61 for targets of 72, 83 SL - 54

India VIX : 18.29 up by 0.11 points
Call OI : 48258250
Put OI : 42695200
PCR OI : 0.885
SMR : 19.78 (Bearish: The Bears are back with huge addition at 5900CE level, which now looks like ceiling for this expiry, but only positive for the Bulls is that they were able to hold 5800 level. A decider waits for tomorrow...)