Wednesday, July 31, 2013

Option Open Interest for 31-07-2013

Inference
Nifty opened flat to negative but was sold-off within the first hour of trade to the lows of the day at 5676. The responsive buyer took control from thereon to cover much of the lost ground but closed just in the red at 5742, a small loss of 13.05 points. The broader market was weak, with just 401 advances to 781 declines. OI Table support got better at 5700 level.
  • Call option 5600-5800, 6000-6100 added 18.11 lacs huge amount OI with profit booking seen at 6200 and above strike prices.
  • Put option 5700-5600, 5400 added 18.32 lacs huge amount of OI with short covering seen at 5800 and above strike prices.
  • Highest accumulation on Call option 6000 at 59.14 lacs & 6100 at 40.53 lacs whereas Put option 5700 at 59.38 lacs & 5600 at 40.78 lacs.
  • Nifty Open Interest is at 1,67,02,450 down by 6,51,650, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 22,11,375, up by 51,700, with huge decrease in price, most probably huge short build-up.
  • FII’s sold 19.93 lacs Futures, mostly long liquidation, as their net OI decreased by 5261 contracts and the average price per contract comes to around 5656.38.
  • FII’s future open contract as on date is 400569.
  • PCR Open Interest (Volume) has moved up to 1.083 due to huge addition at lower level PE’s.
  • Support got better at 5700, with highest OI of 59.38 lacs and below that at 5600 with OI of 40.78 lacs.
  • Initial resistance at 5800, with huge addition for the day at 3.13 lacs and above that at 6000 with huge OI of 59.14 lacs.
  • Day Range as per Option Table is 5669 - 5790 and as per VIX is 5686 - 5798 with 5723 as the Pivot.
Option Call for 01-08-2013
Buy Nifty 5800CE above 105 for targets of 117, 131 SL - 96
Buy Nifty 5700PE above 90 for targets of 101, 120 SL - 85

India VIX : 18.77, up by 0.65 points
Call OI : 29122850
Put OI : 31531400
PCR OI : 1.083
SMR : 17.34 (Bearish: Nifty for the first time in many days made a huge pull back from the lows to close just a few points in the negative. Can the Bulls take control from here or the Bears will be back for the kill, tomorrow could be the day of reckoning...)

Tuesday, July 30, 2013

Option Open Interest for 30-07-2013

Inference
Nifty opened flat and stayed in a narrow range till RBI Governor came out with a No Change policy, which saw a small up-move which was sold off and the index moved lower with each passing hour to close near the lows at 5755.05, a huge loss of 76.60 points. This is the fifth straight day when the index closed in RED losing more than 322 points in the process. The broader market was also very weak, with just 240 advances to 947 declines. OI Table support has been pushed down to 5700 for the time being.
  • Call option 5700-6300 added 34.37 lacs huge amount OI with profit booking seen at 6400 and above strike prices.
  • Put option 5700-5400 added 34.52 lacs huge amount of OI with short covering seen at 5800 and above strike prices.
  • Highest accumulation on Call option 6000 at 54.88 lacs & 5900 at 43.15 lacs whereas Put option 5700 at 53.90 lacs & 5800 at 44.27 lacs.
  • Nifty Open Interest is at 1,73,54,100 down by 7,86,900, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 21,59,675, up by 47,775, with decrease in price, most probably huge short build-up.
  • FII’s sold 14.75 lacs Futures, mostly long liquidation, as their net OI decreased by 21814 contracts and the average price per contract comes to around 5696.54.
  • FII’s future open contract as on date is 405830.
  • PCR Open Interest (Volume) is dropping fast and now at 1.058.
  • Support has shifted base at 5700, with highest OI of 53.90 lacs and below that at 5600 with OI of just 34.36 lacs.
  • Initial resistance right now at 5800, with huge addition for the day at 10.78 lacs and above that at 5900 with huge OI of 43.15 lacs.
  • Day Range as per Option Table is 5721 - 5841 and as per VIX is 5700 - 5810 with 5788 as the Pivot.
Option Call for 31-07-2013
Buy Nifty 5800CE above 131 for targets of 152, 188 SL - 124
Buy Nifty 5800PE above 116 for targets of 136, 156 SL - 101

India VIX : 18.12 down by 0.13 points
Call OI : 28859650
Put OI : 30540800
PCR OI : 1.058
SMR : 17.12 (Bearish: It has been brutal annihilation of the Bulls with a fall of more than 322 points in the last 5 days, either they need to come back fast or else it will be a totally Bear dominated series...)

Monday, July 29, 2013

Option Open Interest for 29-07-2013

Inference
Nifty opened just negative around 5870 level, but was sold off to the lows around 5845. A small pullback saw the sellers back in action to move the index to the lows of the day to close at 5831.65, a huge loss of 54.55 points. This is the fourth straight day when the index closed in RED losing more than 246 points in the process. The broader market was very weak, with just 344 advances to 835 declines. Resistance has started to develop around 5900 level in the Option Table.
  • Call option 5800-6000, 6200 added 13.18 lacs huge amount OI with profit booking seen at 6100 strike price.
  • Put option 5800-5400 added 8.38 lacs huge amount of OI with short covering seen at 6000 and above strike prices.
  • Highest accumulation on Call option 6000 at 47.36 lacs & 5900 at 37.12 lacs whereas Put option 5800 at 47.29 lacs & 5900 at 40.86 lacs.
  • Nifty Open Interest is at 1,81,41,000 up by 1,23,950, with decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 21,11,900, down by 62,350, with decrease in price, most probably long liquidation.
  • FII’s bought 0.54 lacs Futures, mostly probably short covering, as their net OI decreased by 4199 contracts and the average price per contract comes to around 5778.92.
  • FII’s future open contract as on date is 427644.
  • PCR Open Interest (Volume) dropped a bit more and now at 1.114.
  • Best support at 5800, with highest OI of 47.29 lacs and below that at 5700 with OI of 36.59 lacs.
  • Initial resistance right now at 5900, with huge addition for the day at 5.43 lacs and above that at 6000 with highest OI of 47.36 lacs.
  • Day Range as per Option Table is 5787 - 5903 and as per VIX is 5776 - 5887 with 5848 as the Pivot.
Option Call for 30-07-2013
Buy Nifty 5900CE above 112 for targets of 121, 138 SL - 106
Buy Nifty 5800PE above 87 for targets of 94, 105 SL - 81

India VIX : 18.25, up by 1.47 points
Call OI : 25314300
Put OI : 28208700
PCR OI : 1.114
SMR : 16.38 (Bearish: The Option Table is started to look highly bearish with each passing day with only worthy support at 5800 level, a break of which could see huge sell-off...)

Friday, July 26, 2013

Option Open Interest for 26-07-2013

Inference
Nifty opened positive and went on to touch the highs of the day around 5945, but was sold off from there onwards moving below the psychological level of 5900. A pullback towards the end was thwarted by the bears and the index closed near the lows at 5886.20, a loss of 21.30 points. On a week on week basis the index cracked 143.00 points or about 2.37%. The broader market was very weak, with just 346 advances to 823 declines. Huge resistance is coming up around 6000 level, though it is just start of the series.
  • Call option 5800-6300 added 31.73 lacs huge amount OI with profit booking seen at 6400 and above strike prices.
  • Put option 5900-5500 added 24.79 lacs huge amount of OI with huge short covering seen at 6000 and above strike prices.
  • Highest accumulation on Call option 6000 at 44.19 lacs & 6100 at 35.98 lacs whereas Put option 5800 at 44.74 lacs & 5900 at 40.96 lacs.
  • Nifty Open Interest is at 1,80,17,050 up by 9,850, with decrease in price, most probably small short build-up.
  • Bank Nifty Open Interest is at 21,74,250, up by 3,49,975, with huge decrease in price, most probably huge short build-up.
  • FII’s sold huge 3.63 lacs Futures, mostly probably short build-up, as their net OI increased by 3587 contracts and the average price per contract comes to around 5826.45.
  • FII’s future open contract as on date is 431843.
  • PCR Open Interest (Volume) just dipped a bit at 1.126.
  • Best support developing at 5800, with highest OI of 44.74 lacs and below that at 5700 with OI of 33.81 lacs.
  • Resistance at 6000, with OI above 44.19 lacs and above that at 6100 with OI of 35.98 lacs.
  • Day Range as per Option Table is 5837 - 5958 and as per VIX is 5835 - 5938 with 5900 as the Pivot.
Option Call for 29-07-2013
Buy Nifty 6000CE above 84 for targets of 95, 111 SL - 79
Buy Nifty 5900PE above 105 for targets of 116, 130 SL - 98

India VIX : 16.78 up by 0.06 points
Call OI : 24370050
Put OI : 27446800
PCR OI : 1.126
SMR : 14.90 (Bearish: The first day of the series saw the Bears taking control with huge addition of more than 11.5 lacs at 6000CE level, Bulls need to come back or else it will be Bear dominated series...)

Thursday, July 25, 2013

Option Open Interest for 25-07-2013

Inference
Nifty opened weak on Expiry and stayed weak throughout the day to close at the lows at 5907.50, a huge loss of 83.00 points closing just above 50 Day Moving Average. The broader market was very weak, with just 363 advances to 813 declines. It is initial days for the OI Table but good support is building up around 5800 level.
  • Call option 5600-6400 added 47.98 lacs huge amount OI with profit booking seen at 6500 and above strike prices.
  • Put option 6000-5500 added 52.83 lacs huge amount of OI with huge short covering seen at 6100 level.
  • Highest accumulation on Call option 6000 at 32.69 lacs & 6100 at 28.57 lacs whereas Put option 5900 at 37.43 lacs & 5800 at 36.34 lacs.
  • Nifty Open Interest is at 1,80,07,200 up by 32,95,900, whereas July series liquidated 34.35 lacs, with huge decrease in price, most probably 100% rollover with small short covering.
  • Bank Nifty Open Interest is at 18,24,275, up by 2,53,475, whereas July series liquidated 2.16 lacs, with huge decrease in price, most probably 100% rollover with small short covering.
  • FII’s bought huge 5.52 lacs Futures, mostly probably short covering, as their net OI decreased by 219456 contracts and the average price per contract comes to around 5865.89.
  • FII’s future open contract as on date is 428256.
  • PCR Open Interest (Volume) at start of series is at 1.138.
  • Support developing around 5900, with highest OI of 37.43 lacs and below that at 5800 with OI of 36.34 lacs.
  • Resistance at 6000, with OI above 32.69 lacs and above that at 6100 with OI of 28.57 lacs.
  • Day range as per Option Table is 5865 - 5986 and as per VIX is 5856 - 5959 with 5932 as the Pivot.
Option Call for 26-07-2013
Buy Nifty 6000CE above 101 for targets of 117, 139 SL - 96
Buy Nifty 5900PE above 97 for targets of 109, 122 SL - 89

India VIX : 16.72, down by 0.19 points
Call OI : 21560950
Put OI : 24544250
PCR OI : 1.138
SMR : 8.54 (Bearish: Expiry over and we have a new Series to deal with, initial range building up around 5800-6100 with negative bias...)

Wednesday, July 24, 2013

Option Open Interest for 24-07-2013

Inference
Nifty opened weak due to RBI action yesterday evening of lowering the amount banks can borrow under its daily liquidity window. Bank Nifty was the biggest loser tanking 4.6% the highest in recent times. The index went on to touch the lows around 5960 but settled at 5990.50, still a huge loss of 87.30 points, closing below the psychological level of 6000. The broader market was also negative, with just 235 advances to 951 declines. Expiry could be just below 6000 based on OI table.
  • Call option 6000-6100 added 26.34 lacs huge amount OI with profit booking seen at 6200 and above strike prices.
  • Put option 5900 added 4.53 lacs huge amount of OI with huge short covering seen at 6000 and above strike prices.
  • Highest accumulation on Call option 6000 at 62.30 lacs & 6100 at 61.89 lacs whereas Put option 5900 at 92.93 lacs & 5800 at 66.16 lacs.
  • Nifty Open Interest is at 93,78,800 down by 24,89,450, whereas August series added 31.71 lacs, with huge decrease in price, most probably 100% rollover with huge short build-up in next series.
  • Bank Nifty Open Interest is at 15,96,800, down by 66,350, whereas August series added 4.18 lacs, with huge decrease in price, most probably 100% rollover with huge short build-up in next series.
  • FII’s bought huge 7.71 lacs Futures, mostly probably long build-up, as their net OI increased by 21702 contracts and the average price per contract comes to around 5903.36.
  • FII’s future open contract as on date is 647712.
  • PCR Open Interest (Volume) has crashed down to 1.790.
  • Support shifting down to 5900, with highest OI of 92.93 lacs and below that at 5800 with OI of 66.16 lacs.
  • Initial Resistance at 6000, with OI above 62.30 lacs and above that at 6100 with OI of 61.89 lacs.
  • Expiry Range as per Option Table is 5938 - 6057 and as per VIX is 5937 - 6044 with 6000 as the Pivot.
Option Call for 25-07-2013
Buy Nifty 6000CE above 36 for targets of 49, 75 SL - 29
Buy Nifty 6000PE above 27 for targets of 44, 65 SL - 19

India VIX : 16.91 up by 0.19 points
Call OI : 24575000
Put OI : 43986600
PCR OI : 1.790
SMR : 9.45 (Bearish: The RBI governor made it easy for the Bears to make a comeback on the eve of expiry to capture 6000 level any making sure that expiry happens around 6000 or just below it...)

Tuesday, July 23, 2013

Option Open Interest for 23-07-2013

Inference
Nifty opened positive above the crucial resistance zone of 6060 and stayed in a narrow range of 32 points for the entire session of trade. The index after making a high of 6093 and a low of 6061 ultimately closed at 6077.80, a huge gain of 46.00 points. The broader market was just positive, with just 593 advances to 566 declines. OI table support is now at 6000 level.
  • Call option 6200 added 2.73 lacs huge amount OI with short covering seen at 6100 and below strike prices.
  • Put option 6200-6000 added 19.67 lacs huge amount of OI with profit booking seen at 5900 and below strike prices.
  • Highest accumulation on Call option 6200 at 60.98 lacs & 6100 at 55.48 lacs whereas Put option 6000 at 88.64 lacs & 5900 at 88.40 lacs.
  • Nifty Open Interest is at 1,18,68,250 down by 22,42,050, whereas August series added 42.12 lacs, with huge increase in price, most probably 100% rollover with huge long addition in next series.
  • Bank Nifty Open Interest is at 16,63,150, down by 1,60,075, whereas August series added 5.85 lacs, with increase in price, most probably 100% rollover with huge long build-up in next series.
  • FII’s bought huge 16.90 lacs Futures, mostly probably long build-up, as their net OI increased by 69450 contracts and the average price per contract comes to around 6022.07.
  • FII’s future open contract as on date is 626010.
  • PCR Open Interest (Volume) is up at 1.958, the highest of the series and one of the highest in recent times.
  • Super Support now at 6000, with highest OI of 88.64 lacs and below that at 5900 with huge OI of 88.40 lacs.
  • Resistance at 6100, but looking weak and above that at 6200 with OI of 60.98 lacs.
  • Range as per Option Table is 6021 - 6132 and as per VIX is 6025 - 6131 with 6077 as the Pivot.
Option Call for 24-07-2013
Buy Nifty 6000CE above 95 for targets of 109, 125 SL - 88
Buy Nifty 6100PE above 38 for targets of 49, 65 SL - 34

India VIX : 16.72, down by 0.91 points
Call OI : 26198650
Put OI : 51300900
PCR OI : 1.958
SMR : 8.54 (Bullish: A quick gap-up and then consolidation was order of the day, with PE writers making merry. Highest OI in the Option table now at 6000, which will act like a super support till expiry, only glitch SMR at 8.54, so need to be cautious at higher levels...)

Monday, July 22, 2013

Option Open Interest for 22-07-2013

Inference
Nifty opened negative but saw the buyers taking control from the morning itself to move the index beyond 6060. The seller waiting for this opportunity moved the index back again near the dotted line to close flat at 6031.80, a miniscule gain of 2.60 points. The broader market was weak, with just 503 advances to 677 declines. OI table though is not weak but overhead resistance is building up.
  • Call option 6100 added 2.80 lacs huge amount OI with short covering seen at 6000 and below strike prices.
  • Put option 6200-5900 added 10.68 lacs huge amount of OI with profit booking seen at 5800 and below strike prices.
  • Highest accumulation on Call option 6100 at 59.72 lacs & 6200 at 58.25 lacs whereas Put option 5900 at 99.61 lacs & 5800 at 79.13 lacs.
  • Nifty Open Interest is at 1,41,10,300 down by 11,79,050, whereas August series added 18.07 lacs, with no change in price, most probably 100% rollover with huge long addition in next series.
  • Bank Nifty Open Interest is at 18,23,225, up by 38,525, whereas August series also added 2.49 lacs, with increase in price, most probably long build-up in both series.
  • FII’s bought huge 11.82 lacs Futures, mostly probably long build-up, as their net OI increased by 35590 contracts and the average price per contract comes to around 5966.01.
  • FII’s future open contract as on date is 556560.
  • PCR Open Interest (Volume) again went up and now at 1.761.
  • Support getting better at 6000, with OI now above 74.74 lacs and below that at 5900 with highest OI of 99.61 lacs.
  • The best resistance still at 6100, with OI above 59.71 lacs and above that at 6200 with OI of 58.25 lacs.
  • Range as per Option Table is 5977 - 6089 and as per VIX is 5976 - 6087 with 6033 as the Pivot.
Option Call for 23-07-2013
Buy Nifty 6000CE above 69 for targets of 78, 99 SL - 64
Buy Nifty 6100PE above 74 for targets of 83, 102 SL - 69

India VIX : 17.63 down by 0.50 points
Call OI : 29229700
Put OI : 51468650
PCR OI : 1.761
SMR : 10.01 (Bullish: Another consolidation day, but the Sellers are active at higher level and SMR at 10, its time to be cautious with longs though PE writers are better off for the time being...)

Friday, July 19, 2013

Option Open Interest for 19-07-2013

Inference
Nifty opened positive and moved towards 6060 level, but was sold off towards 6030, another attempt towards the highs of the day was again sold to close near the lows at 6029.20, a small loss of 8.85 points. On a week-on-week basis the index gained 20.20 points or approx 0.34%. The broader market was also weak, with just 432 advances to 746 declines. OI table though is not looking weak at all, with 5900 now a super support.
  • Call option 6200-6400 added 15.36 lacs huge amount OI with short covering seen at 6000 and below strike prices.
  • Put option 6100-5900 added 20.63 lacs huge amount of OI with profit booking seen at 5800 and below strike prices.
  • Highest accumulation on Call option 6000 at 59.40 lacs & 6200 at 58.80 lacs whereas Put option 5900 at 98.99 lacs & 5800 at 82.35 lacs.
  • Nifty Open Interest is at 1,52,89,350 down by 9,01,500, with small decrease in price, most probably huge short covering/long liquidation.
  • Bank Nifty Open Interest is at 17,84,700, down by 600, with decrease in price, most probably small long liquidation.
  • FII’s bought huge 8.33 lacs Futures, mostly probably long build-up, as their net OI increased by 14397 contracts and the average price per contract comes to around 5968.43.
  • FII’s future open contract as on date is 520970.
  • PCR Open Interest (Volume) is still very high at 1.722.
  • Support got better at 6000, with OI now above 67.43 lacs and below that at 5900 with highest OI of 98.99 lacs.
  • Initial Resistance at 6100, with OI just above 56.92 lacs and above that at 6200 with OI of 58.80 lacs.
  • Range as per Option Table is 5978 - 6094 and as per VIX is 5972 - 6086 with 6039 as the Pivot.
Option Call for 22-07-2013
Buy Nifty 6000CE above 79 for targets of 90, 106 SL - 74
Buy Nifty 6100PE above 79 for targets of 89, 99 SL - 74

India VIX : 18.13, down by 0.14 points
Call OI : 29870250
Put OI : 51445000
PCR OI : 1.722
SMR : 10.53 (Bullish: A consolidation day saw the Bulls giving of the gains of the morning session in the dying minutes. Option table though is highly Bullish but higher level profit booking is being seen...)

Thursday, July 18, 2013

Option Open Interest for 18-07-2013

Inference
Nifty opened positive but lazily traded within a narrow range for the entire morning session, but saw huge buying interest in the afternoon session which carried the index above 6000 to the highs of the day around 6050. The index ultimately closed at 6038.05, a huge gain of 64.75 points. The broader market was also strong, with 639 advances to 512 declines. OI table saw the breakout as discussed yesterday and the PE writers are in very strong position.
  • Call option 6100-6300 added 7.19 lacs huge amount OI with short covering seen at 6000 and below strike prices.
  • Put option 6100-5900 added 53.67 lacs huge amount of OI with profit booking seen at 5800 and below strike prices.
  • Highest accumulation on Call option 6000 at 61.19 lacs & 6100 at 57.55 lacs whereas Put option 5800 at 90.76 lacs & 5900 at 86.12 lacs.
  • Nifty Open Interest is at 1,61,90,850 down by 2,71,850, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 17,85,300, up by 1,38,125, with increase in price, most probably huge long build-up.
  • FII’s sold just 3500 Futures, mostly short build-up, as their net OI increased by 27232 contracts and the average price per contract comes to around 5995.39.
  • FII’s future open contract as on date is 506573.
  • PCR Open Interest (Volume) is at the highest point of the series at 1.774.
  • Support gathering steam at 6000, with OI now above 62.40 lacs and below that at 5900 with huge OI of 86.12 lacs.
  • Only Resistance now at 6100, with OI just above 57.54 lacs.
  • Range as per Option Table is 5963 - 6087 and as per VIX is 5980 - 6096 with 6021 as the Pivot.
Option Call for 19-07-2013
Buy Nifty 6000CE above 82 for targets of 98, 114 SL - 73
Buy Nifty 6100PE above 91 for targets of 115, 138 SL - 85

India VIX : 18.27 down by 1.09 points
Call OI : 29619600
Put OI : 52537650
PCR OI : 1.774
SMR : 10.30 (Bullish: So as said yesterday, it was 6000 level which was captured by the Bulls, now need to defend it tomorrow for an Expiry around 6100 level, else re-test of 5900 coming...)

Wednesday, July 17, 2013

Option Open Interest for 17-07-2013

Inference
Nifty opened positive and meandered within a narrow range of 30 points for the better part of day to see a dip towards 5927 around Europe exchange open time. The dip was promptly bought by the responsive buyers and the index closed in the green at 5973.30, a small gain of 18.05 points. The broader market though was weak, with just 457 advances to 722 declines. OI table is delicately poised at 5900-6000 range with a breakout or breakdown eminent in the next few days.
  • Call option 5800-6200 added 13.89 lacs huge amount OI with profit booking seen at 6300 and above strike prices.
  • Put option 5900-5700 added 15.07 lacs huge amount of OI with short covering seen at 6000 and above strike prices.
  • Highest accumulation on Call option 6000 at 69.99 lacs & 6100 at 56.37 lacs whereas Put option 5800 at 95.02 lacs & 5700 at 77.13 lacs.
  • Nifty Open Interest is at 1,64,62,700 down by 1,10,200, with not much change in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 16,47,175, up by 2,62,725, with decrease in price, most probably huge short build-up.
  • FII’s bought 3.39 lacs Futures, mostly long build-up, as their net OI increased by 14986 contracts and the average price per contract comes to around 5916.19.
  • FII’s future open contract as on date is 479341.
  • PCR Open Interest (Volume) is still very good at 1.600.
  • Support getting better at 5900, with OI now above 72.75 lacs and below that at 5800 with highest OI of 95.02 lacs.
  • Good Resistance now at 6000, with OI just below 70 lacs and above that at 6100, with OI of 56.37 lacs.
  • Range as per Option Table is 5904 - 6028 and as per VIX is 5913 - 6034 with 5963 as the Pivot.
Option Call for 18-07-2013
Buy Nifty 6000CE above 48 for targets of 59, 72 SL - 43
Buy Nifty 6000PE above 81 for targets of 99, 120 SL - 77

India VIX : 19.36, up by 0.37 points
Call OI : 31164150
Put OI : 49847250
PCR OI : 1.600
SMR : 12.10 (Bullish to Neutral: Nifty saw a perfect consolidation day after the huge down move of yesterday with volatility at its best. Tomorrow could be the decider for which level will give away first, 5900 or 6000...)

Tuesday, July 16, 2013

Option Open Interest for 16-07-2013

Inference
Nifty opened exactly 100 points down as RBI raised lending rates to commercial banks by 2 per cent to 10.25 per cent making the loans costlier. Bank Nifty was down by about 5%, but Nifty recovered some lost ground to close at 5955.25, still a huge loss 75.55 points. The broader market was also very negative, with just 341 advances to 825 declines. OI table saw huge resistance building up around 6000 level.
  • Call option 5900-6100 added 16.90 lacs huge amount OI with profit booking seen at 6200 and above strike prices.
  • Put option 5800-5700 added 12.36 lacs huge amount of OI with short covering seen at 5900 and above strike prices.
  • Highest accumulation on Call option 6000 at 64.95 lacs & 6100 at 51.64 lacs whereas Put option 5800 at 91.92 lacs & 5900 at 69.00 lacs.
  • Nifty Open Interest is at 1,65,72,900 down by 14,12,750, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 13,84,450, down by 7,350, with decrease in price, most probably long liquidation.
  • FII’s sold 4.64 lacs Futures, mostly long liquidation, as their net OI decreased by 5265 contracts and the average price per contract comes to around 5934.26.
  • FII’s future open contract as on date is 464355.
  • PCR Open Interest (Volume) has gone down a bit to 1.640.
  • Support still very much at 5900, with huge OI of 69.00 lacs and below that at 5800 with highest OI of 91.92 lacs.
  • Resistance building up at 6000, with OI now above 64.94 lacs and above that at 6100, with OI of 51.64 lacs.
  • Range as per Option Table is 5882 - 6012 and as per VIX is 5896 - 6014 with 5944 as the Pivot.
Option Call for 17-07-2013
Buy Nifty 6000CE above 48 for targets of 58, 69 SL - 42
Buy Nifty 5900PE above 48 for targets of 60, 80 SL - 44

India VIX : 18.99 up by 0.20 points
Call OI : 30027500
Put OI : 49233800
PCR OI : 1.640
SMR : 11.58 (Neutral to Bullish: A 100 points gap-down has changed the complexion of the OI Table, with the CE writers grabbing the opportunity to add huge at 5900-6000 level, though support still very much intact at 5900...)

Monday, July 15, 2013

Option Open Interest for 15-07-2013

Inference
Nifty opened weak just below the previous day’s close and went down to touch the lows of the day around 5980. The buyer we looking for the opportunity, and grabbed it with both hands to move the index back above 6000 and towards the highs of the day around 6040. Nifty ultimately closed around the highs at 6030.80, a gain of 21.80 points. The broader market was also positive, with 720 advances to 459 declines. OI table is in full control of the Bulls with 5900 level now looking like a very good support.
  • Call option 6200-6400 added 5.35 lacs OI with huge short covering seen at 6100 and below strike prices.
  • Put option 6100-5800 added 25.07 lacs huge amount of OI with profit booking seen at 5700 and below strike prices.
  • Highest accumulation on Call option 6000 at 59.41 lacs & 6100 at 49.43 lacs whereas Put option 5800 at 82.76 lacs & 5900 at 74.66 lacs.
  • Nifty Open Interest is at 1,79,85,650 up by 3,23,600, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 13,91,800, up by 49,250, with increase in price, most probably huge long build-up.
  • FII’s sold 3.59 lacs Futures, mostly short build-up, as their net OI increased by 23021 contracts and the average price per contract comes to around 6023.95.
  • FII’s future open contract as on date is 469620.
  • PCR Open Interest (Volume) is still moving higher and now at 1.754, the highest of the series.
  • Super support now placed at 5900, with huge OI of 74.66 lacs and below that at 5800 with highest OI of 82.76 lacs.
  • Small resistance only at 6100, with OI of just 49.43 lacs.
  • Range as per Option Table is 5957 - 6082 and as per VIX is 5971 - 6090 with 6017 as the Pivot.
Option Call for 16-07-2013
Buy Nifty 6000CE above 84 for targets of 97, 109 SL - 79
Buy Nifty 6000PE above 62 for targets of 73, 90 SL - 58

India VIX : 18.79, up by 0.10 points
Call OI : 29165900
Put OI : 51163500
PCR OI : 1.754
SMR : 10.71 (Bullish: The PE writers are on the prowl, have taken over control of 5900 level with ease and now 6000 may be toppled tomorrow. No overhead resistance of repute...)