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...)