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...)