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...)