Thursday, July 11, 2013

Option Open Interest for 11-07-2013

Inference
Nifty opened huge gap-up on positive global cues above 5900 and stayed above it for the entire session of trade. The index though closed shy of the top at 5935.10, still a huge gain of 118.40 points. The broader market was positive, with 767 advances to 400 declines. OI table saw a huge turn around with the PE writers in full control.
  • Call option 6200-6400 added 2.30 lacs huge amount of OI with huge short covering seen at 6100 and below strike prices.
  • Put option 6000-5500 added 36.51 lacs huge amount of OI with profit booking seen at 5400 and below strike prices.
  • Highest accumulation on Call option 6000 at 69.45 lacs & 6100 at 46.25 lacs whereas Put option 5600 at 82.77 lacs & 5800 at 73.42 lacs.
  • Nifty Open Interest is at 1,68,17,250 up by 13,50,050, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 12,75,575, down by 65,925, with increase in price, most probably huge short covering.
  • FII’s bought 25.87 lacs Futures, mostly long build-up, as their net OI increased by 59754 contracts and the average price per contract comes to around 5932.12.
  • FII’s future open contract as on date is 425144.
  • PCR Open Interest (Volume) has jumped to 1.502 due to huge liquidation at 6000-5700 CE levels.
  • Support moved up at 5900, with huge addition for the day at 17.55 lacs and below that at 5800 with huge OI of 73.42 lacs.
  • Only Resistance right now at 6000, with OI of 69.44 lacs.
  • Range as per Option Table is 5866 - 5986 and as per VIX is 5876 - 5994 with 5924 as the Pivot.
Option Call for 12-07-2013
Buy Nifty 5900CE above 104 for targets of 120, 138 SL - 99
Buy Nifty 5900PE above 74 for targets of 86, 104 SL - 69

India VIX : 19.19, down by 0.79 points
Call OI : 31155600
Put OI : 46795350
PCR OI : 1.502
SMR : 12.78 (Bullish: Bulls are back with a breakout above 5900 with Option Table totally in Bull Grip, with not a single CE strike looking good to hold the marauding Bulls...)