Thursday, August 29, 2013

Option Open Interest for 29-08-2013

Inference
Expiry day saw the index opening positive above 5300 level and stayed firm till end of day, with a small sell-off marring the perfect day for the Bulls. Nifty closed the day with a huge gain of 124.05 points to close at 5409.05, just above the psychological level of 5400. The broader market was also strong, with 782 advances to 498 declines. Based on Option Table, the initial range developing is 5300-5600.
  • Call option 5000-5900 added 32.29 lacs huge amount of OI.
  • Put option 5400-4900 added 34.97 lacs huge amount of OI with short covering seen at 5500 strike prices.
  • Nifty Open Interest is at 1,46,50,400 up by 19,41,650, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 21,43,050 up by 2,51,275, with increase in price, most probably huge long build-up.
  • FII’s bought 10.77 lacs Futures, mostly short covering, as their net OI decreased by 387618 (includes profit booking in shorts and some long liquidation) contracts and the average price per contract comes to around 5158.68.
  • FII’s future open contract as on date is 347099.
  • PCR Open Interest (Volume) at start of series is healthy 1.382.
  • Best Support developing at 5300, with highest OI of 45.28 lacs, and below that at 5200 with huge OI of 36.52 lacs.
  • Resistance at 5600, with OI of 26.51 lacs and above that at 5700 with OI of 25.10 lacs.
  • Day Range as per Option Table is 5284 - 5494 and as per VIX is 5326 - 5492 with 5380 as the Pivot.
Option Call for 30-08-2013
Buy Nifty 5500CE above 111 for targets of 135, 159 SL - 95
Buy Nifty 5300PE above 135 for targets of 157, 186 SL - 129

India VIX : 29.41 down by 2.97 points
Call OI : 24067850
Put OI : 33253300
PCR OI : 1.382
SMR : 21.29 (Neutral: Bulls had a better than expected expiry with the index closing above 5400 and Option Interest for the new series right now in their favour with highest OI at 5300PE...)

Wednesday, August 28, 2013

Option Open Interest for 28-08-2013

Inference
Nifty opened huge negative around 5230 and hurtled down towards 5100 level within the first hour of trade. Common sense prevailed and the buyer came back to move the index back above the previous day’s close but ended the day flat at 5285.00, a miniscule loss of 2.45 points. The broader market though was very weak, with just 417 advances to 885 declines. With SMR at 46.27, PCR-OI Volume at 0.700, Bears seems to be in perfect position for Expiry.
  • Call option 5100-5200 added 32.06 lacs huge amount of OI with profit booking seen at 5300 and above strike prices.
  • Put option 5200-4800 added 37.91 lacs huge amount of OI with huge short covering seen at 5300 and above strike prices.
  • Highest accumulation on Call option 5400 at 56.80 lacs & 5500 at 56.61 lacs whereas Put option 5200 at 72.72 lacs & 5100 at 55.35 lacs.
  • Nifty Open Interest is at 1,77,38,950 down by 21,85,650, whereas Sep series added 30.52 lacs, with no change in price, most probably 100% rollover with huge short build-up in next series.
  • Bank Nifty Open Interest is at 14,18,775 down by 3,39,375, whereas Sep series added 4.08 lacs, with decrease in price, most probably 100% rollover with huge short build-up in next series.
  • FII’s sold 7.04 lacs Futures, mostly short build-up, as their net OI increased by 35244 contracts and the average price per contract comes to around 5119.69.
  • FII’s future open contract as on date is 734717.
  • PCR Open Interest (Volume) is at the lowest level at 0.700.
  • Best Support at 5200, with highest OI of 72.72 lacs, and below that at 5100 with huge OI of 55.35 lacs.
  • Best Resistance at 5400, with huge OI of 56.80 lacs and above that at 5500 with OI of 56.61 lacs.
  • Expiry Day Range as per Option Table is 5147 - 5357 and as per VIX is 5195 - 5375 with 5241 as the Pivot.
Option Call for 29-08-2013
Buy Nifty 5200CE above 99 for targets of 135, 178 SL - 80
Buy Nifty 5300PE above 90 for targets of 140, 192 SL - 85

India VIX : 32.38, up by 2.96 points
Call OI : 50489750
Put OI : 35335350
PCR OI : 0.700
SMR : 46.27 (Bearish: Bulls made a huge comeback after being down and out within the first hour of trade, but based on option table Expiry could be around 5300 with huge intraday volatility...)

Tuesday, August 27, 2013

Option Open Interest for 27-08-2013

Inference
Nifty opened huge negative and stayed weak breaking one psychological level after another to close below 5300 for the first time this year at 5287.45, a huge-huge loss of 189.05 points. The broader market was also very weak, with just 267 advances to 1053 declines. Option Table looks highly tilted towards the Sellers with expiry around the lows of the Series possible.
  • Call option 5200-5400 added 58.09 lacs huge amount of OI with profit booking seen at 5500 and above strike prices.
  • Put option 5200-5100 added 18.14 lacs huge amount of OI with huge short covering seen at 5400 and above strike prices.
  • Highest accumulation on Call option 5500 at 68.14 lacs & 5400 at 62.47 lacs whereas Put option 5300 at 77.92 lacs & 5200 at 67.55 lacs.
  • Nifty Open Interest is at 1,99,24,600 down by 14,45,350, whereas Sep series added 23.77 lacs, with huge decrease in price, most probably 100% rollover with huge short build-up in next series.
  • Bank Nifty Open Interest is at 17,58,150 down by 5,54,800, whereas Sep series added 5.94 lacs, with huge decrease in price, most probably 100% rollover with small short build-up in next series.
  • FII’s sold 10.19 lacs Futures, mostly short build-up, as their net OI increased by 30395 contracts and the average price per contract comes to around 5124.19.
  • FII’s future open contract as on date is 699473.
  • PCR Open Interest (Volume) has gone down to the lowest point of the series at 0.753.
  • Support at 5300, though price just below it with highest OI of 77.92 lacs, below that at 5200 with huge OI of 67.55 lacs.
  • Resistance now at 5400, with huge addition for the day at 19.76 lacs and above that at 5500 with highest OI of 68.14 lacs.
  • Day Range as per Option Table is 5221 - 5417 and as per VIX is 5206 - 5369 with 5330 as the Pivot.
Option Call for 28-08-2013
Buy Nifty 5300CE above 64 for targets of 95, 145 SL - 59
Buy Nifty 5300PE above 61 for targets of 86, 112 SL - 49

India VIX : 29.42 up by 3.04 points
Call OI : 51324650
Put OI : 38663850
PCR OI : 0.753
SMR : 39.05 (Highly Bearish: The Bears came back with a vengeance to close the index below the psychological level of 5300 and now Expiry below the level seems a big reality with SMR hovering around 39...)

Monday, August 26, 2013

Option Open Interest for 26-08-2013

Inference
Nifty opened positive and within minutes went up touch the highs of the day around 5530, but was sold off from thereon and was unable to sustain above 5500 to close flat near the lows at 5476.50, a miniscule gain of 4.75 points. The broader market was positive, with 758 advances to 563 declines. Based on Option Table, the range till expiry comes to 5300-5600.
  • Call option 5800-5900 added 3.77 lacs huge amount of OI with short covering seen at 5500 and below strike prices.
  • Put option 5500, 5300 added 18.11 lacs huge amount of OI with profit booking seen at 5200 and below strike prices.
  • Highest accumulation on Call option 5600 at 83.57 lacs & 5500 at 68.34 lacs whereas Put option 5300 at 78.69 lacs & 5400 at 66.49 lacs.
  • Nifty Open Interest is at 2,13,69,950 down by 19,12,350, whereas Sep series added 24.97 lacs, with no change in price, most probably 100% rollover with huge short build-up in next series.
  • Bank Nifty Open Interest is at 23,12,950 down by 4,11,925, whereas Sep series added 4.18 lacs, with decrease in price, most probably 100% rollover with small short build-up in next series.
  • FII’s sold 18.02 lacs Futures, mostly short build-up, as their net OI increased by 25969 contracts and the average price per contract comes to around 5311.00.
  • FII’s future open contract as on date is 669078.
  • PCR Open Interest (Volume) stays weak at 0.873.
  • Initial Support still at 5400, though covered huge but OI still above 66.49 lacs, below that at 5300 with highest OI of 78.69 lacs.
  • Resistance very much at 5500, though covered huge but OI still above 68.34 lacs and above that at 5600 with highest OI of 83.57 lacs.
  • Day Range as per Option Table is 5394 - 5575 and as per VIX is 5401 - 5552 with 5487 as the Pivot.
Option Call for 27-08-2013
Buy Nifty 5400CE above 102 for targets of 124, 152 SL - 96
Buy Nifty 5500PE above 66 for targets of 89, 113 SL - 60

India VIX : 26.38, up by 0.63 points
Call OI : 50332000
Put OI : 43940600
PCR OI : 0.873
SMR : 30.22 (Bearish: Bulls were unable to take advantage of a good positive opening and squandered all gains till EOD. Bulls need to come back stronger else Expiry could be around the lower end of the range as SMR still hovering above 30...)

Sunday, August 25, 2013

Option Open Interest for 23-08-2013

Inference
Nifty opened flat but saw the buyers back in control of the situation to keep the index above 5400 for the better part of the day and closed near the highs at 5471.75, a huge gain of 63.30 points. This is the second day when the index has closed with more than 1% gain after the huge mauling in the last few days. On a week on week basis Nifty lost 36.10, though it was around 250 points at one point of time. The broader market was positive, with 805 advances to 475 declines. Based on Option Table the range developing for expiry is 5300-5600.
  • Call option 5500-5600 added 23.64 lacs huge amount of OI with short covering seen at 5400 and below strike prices.
  • Put option 5500-5400 added 25.90 lacs huge amount of OI with short covering seen at 5700 and above strike prices.
  • Highest accumulation on Call option 5600 at 84.12 lacs & 5500 at 76.89 lacs whereas Put option 5300 at 77.36 lacs & 5400 at 76.10 lacs.
  • Nifty Open Interest is at 2,32,82,300 down by 2,63,650, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 27,24,875 down by 1,85,350, with increase in price, most probably huge short covering.
  • FII’s sold 12.18 lacs Futures, mostly long liquidation, as their net OI decreased by 10247 contracts and the average price per contract comes to around 5309.54.
  • FII’s future open contract as on date is 643109.
  • PCR Open Interest (Volume) is still very weak at 0.877.
  • Initial Support now at 5400, with huge OI of 76.10 lacs, below that at 5300 with highest OI of 77.36 lacs.
  • Resistance at 5500, with OI of 76.89 lacs and above that at 5600 with highest OI of 84.12 lacs.
  • Day Range as per Option Table is 5354 - 5546 and as per VIX is 5398 - 5545 with 5443 as the Pivot.
Option Call for 26-08-2013
Buy Nifty 5400CE above 98 for targets of 114, 130 SL - 86
Buy Nifty 5500PE above 105 for targets of 126, 170 SL - 99

India VIX : 25.75 down by 1.93 points
Call OI : 52193200
Put OI : 45784600
PCR OI : 0.877
SMR : 29.35 (Bearish to Neutral: It was nice comeback by the Bulls after being down and out till mid-week but have to carry on the momentum in the coming days or else Expiry could be around the lower end of the range as SMR still very high at 29.35...)

Thursday, August 22, 2013

Option Open Interest for 22-08-2013

Inference
Nifty opened weak, and went down to touch the lows of the day around 5250 within the first few minutes of trade. The responsive buyer came back after many days of hibernation to move the index up by more than 150 points to close near the highs of the day at 5408.45, a huge gain of 105.90 points. The broader market was positive, with 762 advances to 526 declines. Based on Option Table the range developing for expiry is 5200-5600.
  • Call option 5500-5600 added 21.04 lacs huge amount of OI with short covering seen at 5300 and below strike prices.
  • Put option 5400-5100 added 48.05 lacs huge amount of OI with short covering seen at 5500 and above strike prices.
  • Highest accumulation on Call option 5600 at 68.93 lacs & 5500 at 68.44 lacs whereas Put option 5300 at 79.56 lacs & 5200 at 72.91 lacs.
  • Nifty Open Interest is at 2,35,45,950 down by 6,85,100, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 29,10,225 up by 3,45,100, with not much change in price, most probably short build-up.
  • FII’s sold 14.55 lacs Futures, mostly short build-up in Bank Nifty Future, as their net OI increased by 24537 contracts and the average price per contract comes to around 5260.64.
  • FII’s future open contract as on date is 653356.
  • PCR Open Interest (Volume) moved up at 0.869.
  • Best Support now at 5300, with highest OI of 79.56 lacs, below that at 5200 with OI of 72.91 lacs.
  • Resistance at 5500, with OI of 68.44 lacs and above that at 5600 with highest OI of 68.93 lacs.
  • Day Range as per Option Table is 5273 - 5474 and as per VIX is 5326 - 5491 with 5360 as the Pivot.
Option Call for 23-08-2013
Buy Nifty 5400CE above 83 for targets of 106, 129 SL - 65
Buy Nifty 5400PE above 106 for targets of 145, 190 SL - 99

India VIX : 29.06, up by 0.97 points
Call OI : 52351850
Put OI : 45484150
PCR OI : 0.869
SMR : 33.45 (Bearish: Bulls for a change made an appearance and closed the index above the psychological level of 5400, but the Bears who have been in a good position won’t let it slip so easily through their hands. SMR still very high at 33.45 for Bulls comfort...)

Wednesday, August 21, 2013

Option Open Interest for 21-08-2013

Inference
Nifty opened huge up around the 5500 level on the back of RBI induced liquidity steps taken yesterday but started selling-off straight way. The index weakened with each passing hour to move in negative and closed near the lows of the day at 5302.55, a huge loss of 98.90 points from the morning gain of 93 points. The broader market was also weak, with just 427 advances to 863 declines. Highest addition for the day was at 5300CE.
  • Call option 5100-5300, 5500-5600 added 40.72 lacs huge amount of OI with profit booking seen at 5700 and above strike prices.
  • Put option 5200, 5000-4900 added 27.40 lacs huge amount of OI with huge short covering seen at 5300 and above strike prices.
  • Highest accumulation on Call option 5700 at 68.19 lacs & 5600 at 61.85 lacs whereas Put option 5300 at 66.97 lacs & 5200 at 55.76 lacs.
  • Nifty Open Interest is at 2,42,31,050 up by 34,44,800, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 25,65,125 down by 71,375, with increase in price, most probably small short covering.
  • FII’s bought 5.23 lacs Futures, mostly long build-up, as their net OI increased by 69943 contracts and the average price per contract comes to around 5179.53.
  • FII’s future open contract as on date is 628819.
  • PCR Open Interest (Volume) is at the lowest point of the series at 0.779.
  • Support still at 5300, though covered huge but net OI still above 66.97 lacs, below that at 5200 with OI of 55.75 lacs.
  • Resistance at 5400, with OI of 53.14 lacs and above that at 5500 with huge OI of 54.49 lacs.
  • Day Range as per Option Table is 5247 - 5441 and as per VIX is 5225 - 5381 with 5358 as the Pivot.
Option Call for 22-08-2013
Buy Nifty 5400CE above 72 for targets of 112, 155 SL - 67
Buy Nifty 5300PE above 94 for targets of 126, 160 SL - 75

India VIX : 28.09 up by 0.86 points
Call OI : 53354400
Put OI : 41583850
PCR OI : 0.779
SMR : 36.04 (Highly Bearish: Bears have tightened the noose and on the verge breaking the psychological level of 5000 in the coming days. SMR at 36.04, indicates the fear prevailing in the market...)

Sunday, August 18, 2013

Option Open Interest for 16-08-2013

Inference
Nifty opened weak on the back of bad global cues, and some huge selling saw the Nifty index suffer its biggest percentage drop since July 2009. The index lost 234.45 points or around 4.08% to close at the low points of the day at 5507.85 after making a low at 5496.05. On a week on week basis Nifty lost 57.80 points. The broader market was pathetic, with just 190 advances to 997 declines. Highest addition for the day was at 5600CE, which looks like a super resistance for the week.
  • Call option 5300-5800 added 88.27 lacs huge amount of OI with profit booking seen at 5900 and above strike prices.
  • Put option 5500-5100 added 56.62 lacs huge amount of OI with huge short covering seen at 5600 and above strike prices.
  • Highest accumulation on Call option 5600 at 64.07 lacs & 5700 at 63.08 lacs whereas Put option 5400 at 79.79 lacs & 5500 at 58.56 lacs.
  • Nifty Open Interest is at 1,76,16,800 up by 27,12,300, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 24,28,525 up by 11,475, with huge decrease in price, most probably small short build-up.
  • FII’s sold 17.59 lacs Futures, mostly short build-up, as their net OI increased by 52040 contracts and the average price per contract comes to around 5354.41.
  • FII’s future open contract as on date is 463290.
  • PCR Open Interest (Volume) is stable at 0.970.
  • Support now down to 5500, with OI of 58.56 lacs, below that at 5400 with highest OI of 79.79 lacs.
  • Best resistance now at 5600, with OI of 64.07 lacs and above that at 5700 with huge OI of 63.08 lacs.
  • Day Range as per Option Table is 5475 - 5639 and as per VIX is 5440 - 5576 with 5574 as the Pivot.
Option Call for 19-08-2013
Buy Nifty 5600CE above 85 for targets of 117, 149 SL - 77
Buy Nifty 5500PE above 94 for targets of 124, 154 SL - 69

India VIX : 23.64, up by 4.94 points
Call OI : 44879500
Put OI : 43528350
PCR OI : 0.970
SMR : 24.37 (BEARISH: The four days of laboured up-move by the Bulls was undone in a single day, with a huge down-move of 234.45 points. Bears just came back with ultra power and now have a real chance to break 5400...)

Wednesday, August 14, 2013

Option Open Interest for 14-08-2013

Inference
Nifty opened flat just above the previous day’s close but saw buying interest in the initial stages to be sold off during the mid session and closing with a flurry at 5742.30, a good gain of 43.00 points. Nifty in the last 4 trading session has covered more than 40 % of the fall from 6093 to 5487. The broader market was just positive, with 673 advances to 513 declines. Highest addition for the day was at 5700PE, which looks more like buying than selling.
  • Call option 6100 added 0.88 lacs OI with short covering seen at 5700 and below strike prices.
  • Put option 5900-5600 added 27.57 lacs huge amount of OI with profit booking seen at 5400 and below strike prices.
  • Highest accumulation on Call option 6000 at 59.51 lacs & 5900 at 59.48 lacs whereas Put option 5700 at 60.25 lacs & 5600 at 59.76 lacs.
  • Nifty Open Interest is at 1,49,04,500 up by 11,19,250, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 24,17,050 down by 8,600, no change in price, most probably small short covering.
  • FII’s sold 12.09 lacs Futures, mostly short build-up, as their net OI increased by 24379 contracts and the average price per contract comes to around 5605.32.
  • FII’s future open contract as on date is 411250.
  • PCR Open Interest (Volume) is stable at 1.100.
  • Support now up at 5700, with huge OI addition for the day at 14.55 lacs and highest OI of 60.25 lacs, below that at 5600 with OI of 59.76 lacs.
  • Initial resistance still at 5800, with OI of just 49.28 lacs and above that at 5900 with huge OI of 59.48 lacs.
  • Day Range as per Option Table is 5665 - 5799 and as per VIX is 5686 - 5799 with 5729 as the Pivot.
Option Call for 16-08-2013
Buy Nifty 5700CE above 104 for targets of 117, 131 SL - 97
Buy Nifty 5800PE above 112 for targets of 127, 152 SL - 106

India VIX : 18.70 down by 0.56 points
Call OI : 37642250
Put OI : 41424750
PCR OI : 1.100
SMR : 16.99 (Neutral to Bullish: Bulls are gaining strength with each passing day and now looks well set to hold 5600 level for the time being but need to stay alert as they are still way down from the immediate top of 6093...)

Tuesday, August 13, 2013

Option Open Interest for 13-08-2013

Inference
Nifty opened flat just below the previous day’s close but saw huge buying from thereon to move the index by 100 points, making a high of 5704.75, but closed just below 5700 at 5699.30, a huge gain of 86.90 points. Nifty in the last 3 trading session has gained 180.2 points. The broader market was also positive, with 807 advances to 378 declines. Highest addition for the day was at 5600PE, which could act as good support in the coming days.
  • Call option 5900 added 5.08 lacs huge amount OI with short covering seen at 5700 and below strike prices.
  • Put option 5800-5600 added 18.21 lacs huge amount of OI with profit booking seen at 5500 and below strike prices.
  • Highest accumulation on Call option 6000 at 61.95 lacs & 5900 at 61.56 lacs whereas Put option 5400 at 62.34 lacs & 5500 at 58.28 lacs.
  • Nifty Open Interest is at 1,37,85,250 down by 8,48,600, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 24,25,650 up by 5,050, with increase in price, most probably small long build-up.
  • FII’s sold 5.11 lacs Futures, mostly long liquidation, as their net OI decreased by 23622 contracts and the average price per contract comes to around 5558.68.
  • FII’s future open contract as on date is 386871.
  • PCR Open Interest (Volume) after many days is back above 1 at 1.021.
  • Support has moved up to 5600, with huge OI addition for the day at 11.87 lacs and below that 5500 with OI of 58.28 lacs.
  • Initial resistance now at 5800, with OI of just 53.71 lacs and above that at 5900 with huge OI of 61.56 lacs.
  • Day Range as per Option Table is 5600 - 5742 and as per VIX is 5642 - 5757 with 5661 as the Pivot.
Option Call for 14-08-2013
Buy Nifty 5700CE above 87 for targets of 102, 118 SL - 73
Buy Nifty 5700PE above 103 for targets of 128, 155 SL - 96

India VIX : 19.26, down by 2.02 points
Call OI : 39774200
Put OI : 40614600
PCR OI : 1.021
SMR : 18.86 (Neutral to Bullish: Bulls are back with a bang but need to carry on the good work till they are in full control of the Option Table which is NEUTRAL right now with range of 5600-5800 for the remaining part of the week...)

Monday, August 12, 2013

Option Open Interest for 12-08-2013

Inference
Nifty for a change opened up above 5600 level but saw a dip below 5560 within the first hour of trade. The responsive buyers took control from thereon to move the index to the highs of the day at 5644 but profit booking saw the index close at 5612.40, still a good gain of 46.75 points. The broader market was positive, with 854 advances to 342 declines. Solid Support is developing around 5400 level.
  • Call option 5800-5900 added 3.40 lacs huge amount OI with short covering seen at 5600 and below strike prices.
  • Put option 5700-5400, 5200 added 20.75 lacs huge amount of OI with short covering seen at 5800 and above strike prices.
  • Highest accumulation on Call option 6000 at 64.55 lacs & 5800 at 57.14 lacs whereas Put option 5400 at 71.65 lacs & 5500 at 59.18 lacs.
  • Nifty Open Interest is at 1,46,33,850 down by 12,01,100, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 24,20,600 up by 57,425, with decrease in price, most probably huge short build-up.
  • FII’s sold 1.74 lacs Futures, mostly long liquidation, as their net OI decreased by 3567 contracts and the average price per contract comes to around 5463.07.
  • FII’s future open contract as on date is 410493.
  • PCR Open Interest (Volume) is just below 1 at 0.987.
  • Support at 5500 got better, with OI now at 59.18 lacs, and below that at 5400 with highest OI of 71.65 lacs.
  • Initial resistance now at 5700, with OI of 47.61 lacs and above that at 5800 with huge OI of 57.14 lacs.
  • Day Range as per Option Table is 5539 - 5674 and as per VIX is 5550 - 5675 with 5605 as the Pivot.
Option Call for 13-08-2013
Buy Nifty 5600CE above 104 for targets of 123, 143 SL - 99
Buy Nifty 5600PE above 90 for targets of 111, 135 SL - 85

India VIX : 21.28 up by 0.09 points
Call OI : 41933050
Put OI : 41375500
PCR OI : 0.987
SMR : 21.57 (Bearish: Bulls are on a comeback trail but still have much to do; well the Bears are taking rest after huge down move of around 600 points from the top. Option Table range for the week comes around 5500-5700...)

Friday, August 9, 2013

Option Open Interest for 08-08-2013

Inference
Nifty opened flat and saw the buyers back after many days of hiatus to move the index higher with each passing hour to end near the highs of the day at 5565.65, a good gain of 46.55 points. On a week on week basis the index though lost 112.25 point or around 1.98%. The broader market was positive, with 824 advances to 346 declines. Overhead resistance is getting stronger at 5700 level.
  • Call option 5500-5700 added 18.38 lacs huge amount OI with profit booking seen at 5800 and above strike prices.
  • Put option 5500, 5300-5200 added 7.84 lacs huge amount of OI with short covering seen at 5700 and above strike prices.
  • Highest accumulation on Call option 6000 at 66.16 lacs & 5800 at 56.09 lacs whereas Put option 5400 at 68.21 lacs & 5500 at 50.55 lacs.
  • Nifty Open Interest is at 1,58,34,950 up by 2,66,550, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 23,63,175, down by 36,900, with increase in price, most probably huge short covering.
  • FII’s bought 7.36 lacs Futures, mostly long build-up, as their net OI increased by 4731 contracts and the average price per contract comes to around 5456.85.
  • FII’s future open contract as on date is 414060.
  • PCR Open Interest (Volume) is still below 1 at 0.934.
  • Initial support at 5500, with OI of 50.55 lacs, and below that at 5400 with highest OI of 68.21 lacs.
  • Initial resistance at 5600, with OI of 45.63 lacs and above that at 5700 with OI of 49.48 lacs.
  • Day Range as per Option Table is 5489 - 5622 and as per VIX is 5504 - 5627 with 5522 as the Pivot.
Option Call for 12-08-2013
Buy Nifty 5600CE above 96 for targets of 106, 117 SL - 90
Buy Nifty 5500PE above 76 for targets of 86, 105 SL - 70

India VIX : 21.19, down by 0.85 points
Call OI : 42417050
Put OI : 39611750
PCR OI : 0.934
SMR : 22.69 (Bearish: The Bulls after many days came back to save the psychological level of 5500 but need to carry on the good work or else Bears will be back with force...)

Wednesday, August 7, 2013

Option Open Interest for 07-08-2013

Inference
Nifty opened flat and after an initial dip below 5500 level stayed within a narrow range of 40 points for the better part of the day. It moved once toward 5560 level which was sold off and the index closed at 5519.10, a small loss of 23.15 points. The broader market after many days was positive, with 728 advances to 441 declines. Support building up around 5400 level for the time being.
  • Call option 5400-5800, 6000 added 25.71 lacs huge amount OI with profit booking seen at 6100 and above strike prices.
  • Put option 5400-5200 added 32.20 lacs huge amount of OI with short covering seen at 5600 and above strike prices.
  • Highest accumulation on Call option 6000 at 67.08 lacs & 5800 at 57.02 lacs whereas Put option 5400 at 71.76 lacs & 5500 at 48.08 lacs.
  • Nifty Open Interest is at 1,55,68,400 down by 11,31,000, with decrease in price, most probably huge-huge long liquidation.
  • Bank Nifty Open Interest is at 24,00,075, down by 78,650, with increase in price, most probably huge short covering.
  • FII’s sold 9.33 lacs Futures, mostly long liquidation, as their net OI decreased by 34652 contracts and the average price per contract comes to around 5420.67.
  • FII’s future open contract as on date is 409329.
  • PCR Open Interest (Volume) is at 0.946.
  • Initial support still at 5500, with OI of 48.08 lacs, and below that at 5400 with highest OI of 71.76 lacs.
  • Initial resistance at 5600, with OI of 38.55 lacs and above that at 5800 with huge OI of 57.02 lacs.
  • Day Range as per Option Table is 5453 - 5592 and as per VIX is 5455 - 5583 with 5522 as the Pivot.
Option Call for 08-08-2013
Buy Nifty 5600CE above 92 for targets of 108, 126 SL - 87
Buy Nifty 5500PE above 92 for targets of 109, 128 SL - 86

India VIX : 22.04 down by 0.69 points
Call OI : 41371800
Put OI : 39151600
PCR OI : 0.946
SMR : 23.29 (Bearish: The Bulls have thrown in the towel with no urge seen by them to take on the resurgent Bears. Best support right now at 5400 level as per Option Table...)