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...)