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...)