Tuesday, June 25, 2013

Option Open Interest for 25-06-2013

Inference
Nifty opened flat to positive, but saw a dip towards the lows of the day around 5570, where the responsive buyers took control and moved the index above 5660. The seller seemed waiting for the rise and sold huge to move the index back at 5600 level to close just up at 5609.10, a small gain of 18.85 points. The broader market though was weak, with 513 advances to 775 declines. Option Table is perfectly balanced around 5600 level.
  • Call option 5600, 5800 added 5.34 lacs huge amount of OI with profit booking seen at 5900 and above strike prices.
  • Put option 5600-5500 added 3.43 lacs huge amount of OI with short covering seen at 5700 and above strike prices.
  • Highest accumulation on Call option 5700 at 89.33 lacs & 5800 at 79.83 lacs whereas Put option 5600 at 71.64 lacs & 5500 at 71.60 lacs.
  • Nifty Open Interest is at 1,91,35,300 down by 16,11,150, whereas July series added 24.50 lacs with small increase in price, most probably 100% rollover with huge short added to new series.
  • Bank Nifty Open Interest is at 14,99,000, down by 84,800, whereas July series added 1.38 lacs with decrease in price, most probably 100% rollover with huge short build-up in new series.
  • FII’s sold 10.31 lacs Futures, most probably short build-up, as their net OI increased by 49973 contracts and the average price per contract comes to around 5611.
  • FII’s future open contract as on date is 587096.
  • PCR Open Interest (Volume) is going down every day and now at 0.774.
  • Initial support at 5600, with OI above 71.64 lacs and below that at 5500 with OI of 71.60 lacs.
  • Super resistance still at 5700, with highest OI of 89.33 lacs and above that at 5800 with huge OI of 79.83 lacs.
  • Range as per Option Table is 5546 - 5680 and as per VIX is 5547 - 5671 with 5615 as the Pivot.
Option Call for 26-06-2013
Buy Nifty 5600CE above 50 for targets of 66, 90 SL - 45
Buy Nifty 5600PE above 39 for targets of 60, 89 SL - 34

India VIX : 21.14, up by 0.13 points
Call OI : 53074900
Put OI : 41069100
PCR OI : 0.774
SMR : 27.32 (Bearish: The Bulls tried hard to get out of the Bear grip but were unable to do so at the end, though they got a consolation in the form of a close above 5600 level. Bears are making sure of an Expiry below 5700...)