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...)