Thursday, October 31, 2013

Option Open Interest for 31-10-2013

Inference
Nifty opened negative on settlement day, and stayed in a range of 20 points for the better part of the session, but huge short covering in the dying minutes saw the index cross 6300 for the first time after 3 years but closed just below it at 6299.15, a huge gain of 47.45 points. The broader market was positive, with 737 advances to 600 declines. OI table at the start of the series is building up support around 6000 level.
  • Call option 5600-6700 added 44.32 lacs huge amount of OI.
  • Put option 6600-5600 added 50.31 lacs huge amount of OI.
  • Nifty Open Interest is at 2,30,29,900 up by 41,77,600, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 17,35,950 up by 4,92,725, with increase in price, most probably huge long build-up.
  • FII’s bought huge 7.71 lacs Futures, mostly short covering, as their net OI decreased by 167031 contracts (includes 239956 longs and 224538 shorts) and the average price per contract comes to around 6269.94.
  • FII’s future open contract as on date is 502227.
  • PCR Open Interest (Volume) at start of series is just at 1.187.
  • Initial Support right now at 6200, with huge OI of 28.89 lacs, below that at 6100, with OI of 27.76 lacs.
  • Best Resistance at 6300, with OI of 27.56 lacs and above that at 6400, with OI of 25.47 lacs.
  • Day Range as per Option Table is 6224 - 6347 and as per VIX is 6239 - 6360 with 6281 as the Pivot.
Option Call for 01-11-2013
Buy Nifty 6300CE above 133 for targets of 144, 155 SL - 126
Buy Nifty 6300PE above 115 for targets of 127, 149 SL - 109

India VIX : 18.39 down by 1.14 points
Call OI : 19839000
Put OI : 23547200
PCR OI : 1.187
SMR : 15.49 (Bullish: As said yesterday, a new high for year and an all time highest monthly closing was seen today, but the November series OI is not super bullish, so longs need to cautious at higher levels...)

Wednesday, October 30, 2013

Option Open Interest for 30-10-2013

Inference
Nifty opened flat to positive, and stayed positive for the entire session making a high around 6270 but closed just below at 6251.70, still a gain of 30.80 points. The broader market was just positive, with 713 advances to 633 declines. As per OI table the range for expiry tomorrow comes around 6200-6300.
  • Call option 6400 added 6.08 lacs huge amount of OI with huge short covering seen at 6300 and lower strike prices.
  • Put option 6400-6200 added 8.31 lacs huge amount of OI with profit booking seen at 6100 and lower strike prices.
  • Nifty Open Interest is at 1,09,50,750 down by 18,72,750, whereas Nov Series added huge 27.02 lacs OI, with increase in price, most probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 12,16,975 down by 3,85,600, whereas Nov Series added 3.86 lacs with small increase in price, most probably 100% roll-over.
  • FII’s bought huge 3.00 lacs Futures, mostly long build-up, as their net OI increased by 27987 contracts (includes 160367 longs and 154366 shorts) and the average price per contract comes to around 6201.22.
  • FII’s future open contract as on date is 669258.
  • PCR Open Interest (Volume) is at 1.733.
  • Support right now at 6200, with huge OI of 46.51 lacs, below that at 6100, with huge OI of 60.18 lacs.
  • Best Resistance still at 6300, with OI of 58.39 lacs.
  • Day Range as per Option Table is 6187 - 6314 and as per VIX is 6188 - 6316 with 6248 as the Pivot.
Sneak Peek at Next Months Option Table
Option Call for 31-10-2013
Buy Nifty 6200CE above 64 for targets of 80, 100 SL - 59
Buy Nifty 6300PE above 61 for targets of 79, 100 SL - 55

India VIX : 19.53, down by 0.23 points
Call OI : 29955050
Put OI : 51915800
PCR OI : 1.733
SMR : 11.27 (Bullish: Bulls are on a roll with no let up seen today; expiry tomorrow can see a new high for the year and all-time highest monthly closing, stay with trend but be cautions at higher levels...)

Tuesday, October 29, 2013

Option Open Interest for 29-10-2013

Inference
Nifty opened flat, and stayed in a narrow range for the first 2 hours of trade but reacted positively to RBI move which was on expected lines to rally about 150 points from the lows to close the day at 6220.90, a huge gain of 119.80 points. The broader market was positive, with 757 advances to 584 declines. As per OI table the range till expiry moved up a bit at 6100-6280.
  • Call option 6300 added 4.44 lacs huge amount of OI with huge short covering seen at 6200 and lower strike prices.
  • Put option 6300-6000 added 46.50 lacs huge amount of OI with profit booking seen at 5900 and lower strike prices.
  • Nifty Open Interest is at 1,28,23,500 down by 13,04,700, whereas Nov Series added huge 53.15 lacs OI, with increase in price, most probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 16,02,575 up by 45,275, whereas Nov Series also added 4.30 lacs with increase in price, most probably huge long build-up.
  • FII’s bought huge 17.38 lacs Futures, mostly long build-up, as their net OI increased by 95351 contracts (includes 284061 longs and 249302 shorts) and the average price per contract comes to around 6179.95.
  • FII’s future open contract as on date is 641271.
  • PCR Open Interest (Volume) has jumped to highest point of the series at 1.663.
  • Initial support right now at 6200, with huge addition for the day at 17.53 lacs, below that at 6100, with huge OI of 63.17 lacs.
  • Best Resistance at 6300, with OI of 68.72 lacs.
  • Day Range as per Option Table is 6121 - 6256 and as per VIX is 6157 - 6285 with 6176 as the Pivot.
Option Call for 30-10-2013
Buy Nifty 6200CE above 53 for targets of 71, 90 SL - 41
Buy Nifty 6200PE above 59 for targets of 85, 122 SL - 54

India VIX : 19.76 down by 1.53 points
Call OI : 31674150
Put OI : 52685350
PCR OI : 1.663
SMR : 11.88 (Bullish: Nifty celebrated Diwali a few days in advance as the central bank went as per expectation on increasing repo rate by 25 basis points and reduced marginal standing facility. The PE writers added a whopping 46.50 lacs at 6300-6000 level...)

Monday, October 28, 2013

Option Open Interest for 28-10-2013

Inference
Nifty opened positive, but saw the sellers dominating from the morning itself. The index was unable to sustain the highs and closed at the lows of the day at at 6101.10, a huge loss of 43.80 points. The broader market was also weak, with 494 advances to 854 declines. As per OI table range till expiry comes around 6050-6240.
  • Call option 6100-6300 added 11.99 lacs huge amount of OI with profit booking seen at 6400 and above strike prices.
  • Put option 6000 added 3.66 lacs huge amount of OI with short covering seen at 6100 and above strike prices.
  • Nifty Open Interest is at 1,41,28,200 down by 19,92,800, whereas Nov Series added 29.80 lacs OI, with decrease in price, most probably 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 15,57,300 down by 2,78,825, whereas Nov Series also added 1.73 lacs with decrease in price, most probably rollover with huge long liquidation.
  • FII’s bought small 1.72 lacs Futures, mostly long build-up, as their net OI increased by 8126 contracts (includes 126201 longs and 122767 shorts) and the average price per contract comes to around 6043.41.
  • FII’s future open contract as on date is 545920.
  • PCR Open Interest (Volume) is down to 1.402.
  • Initial and best support now 6000, with highest OI of 65.96 lacs, below that at 5900, with huge OI of 48.46 lacs.
  • Resistance getting better at 6200, with OI now above 57.26 lacs, above that at 6300 with huge OI of 64.28 lacs.
  • Day Range as per Option Table is 6055 - 6176 and as per VIX is 6033 - 6169 with 6121 as the Pivot.
Option Call for 29-10-2013
Buy Nifty 6100CE above 69 for targets of 86, 118 SL - 65
Buy Nifty 6100PE above 49 for targets of 60, 72 SL - 40

India VIX : 21.29, up by 0.87 points
Call OI : 34682750
Put OI : 48614550
PCR OI : 1.402
SMR : 15.19 (Bearish to Neutral: Weakness creeping in fast as 6100 level comes under threat with the PE writers liquidating huge 7.84 lacs OI. The Bulls may just save 6000 for this series but the dream of new high seems elusive...)

Friday, October 25, 2013

Option Open Interest for 25-10-2013

Inference
Nifty opened weak and stayed weak for the most part of the day in a small range with all up-moves being sold off. The index ultimately closed near the lows of the day at 6144.90, a loss of 19.45 points. On a week-on week basis the index lost 44.45 points or approx 0.72%. The broader market was very weak, with 492 advances to 863 declines. As per OI table range till expiry comes around 6050-6250.
  • Call option 6100-6200 added 9.52 lacs huge amount of OI with profit booking seen at 6500 and above strike prices.
  • Put option 6100-5900 added 7.65 lacs huge amount of OI with short covering seen at 6200 and above strike prices.
  • Nifty Open Interest is at 1,61,21,000 down by 11,14,350, whereas Nov Series added 17.03 lacs OI, with small decrease in price, most probably 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 18,36,125 up by 8,225, whereas Nov Series also added 11.7 thousand with small decrease in price, most probably short build-up.
  • FII’s sold 4.25 lacs Futures, mostly short build-up, as their net OI increased by 10045 contracts (includes 74580 longs and 83089 shorts) and the average price per contract comes to around 6082.83.
  • FII’s future open contract as on date is 537794.
  • PCR Open Interest (Volume) is falling fast and at 1.446.
  • Initial support still at very much 6100, with OI of 52.13 lacs, below that at 6000, with huge OI of 62.30 lacs.
  • Resistance got better at 6200, with OI now above 54.93 lacs, above that at 6300 with huge OI of 59.60 lacs.
  • Day Range as per Option Table is 6086 - 6209 and as per VIX is 6079 - 6211 with 6149 as the Pivot.
Option Call for 28-10-2013
Buy Nifty 6100CE above 91 for targets of 107, 130 SL - 85
Buy Nifty 6200PE above 84 for targets of 95, 113 SL - 78

India VIX : 20.42 down by 0.22 points
Call OI : 34717200
Put OI : 50204550
PCR OI : 1.446
SMR : 13.01 (Bearish to Neutral: Weakness prevailed for the second day in row with the Bears adding huge at 6200CE, and now a new all time high in this series fading away fast though support still exists at 6100 level...)

Thursday, October 24, 2013

Option Open Interest for 24-10-2013

Inference
Nifty opened weak but saw the buyer take control and within the first hour of trade the index went on to touch the highs of the day around 6252 level. The Seller who are sitting pretty at higher levels got busy to move the index to lower end at 6142 but closed just above at 6164.35, a small loss of 14.00 points. The broader market was weak, with 591 advances to 756 declines. As per OI table 6300CE level now has the highest OI of 60 lacs.
  • Call option 6200-6500 added 10.01 lacs huge amount of OI with short covering seen at 6100 and below strike prices.
  • Put option 6300, 6000 added 2.23 lacs huge amount of OI with short covering seen at 6100-6200 strike prices.
  • Nifty Open Interest is at 1,72,35,350 down by 3,47,800, whereas Nov Series added 9.20 lacs OI, with small decrease in price, most probably roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 18,27,900 down by 30,600, whereas Nov Series added 60.9 thousand with small increase in price, most probably roll-over with long build-up.
  • FII’s sold 1.15 lacs Futures, mostly short build-up, as their net OI increased by 13936 contracts (includes 97830 longs and 100132 shorts) and the average price per contract comes to around 6097.52.
  • FII’s future open contract as on date is 527749.
  • PCR Open Interest (Volume) has dipped below 1.5 and now at 1.498.
  • Initial support still at 6100, though covered a few more but OI still above 50.72 lacs, below that at 6000, with huge OI of 57.45 lacs.
  • Initial Resistance still at 6200, with OI of 45.79 lacs, above that at 6300 with highest OI of 60.03 lacs.
  • Day Range as per Option Table is 6116 - 6247 and as per VIX is 6098 - 6231 with 6187 as the Pivot.
Option Call for 25-10-2013
Buy Nifty 6200CE above 64 for targets of 88, 118 SL - 59
Buy Nifty 6200PE above 75 for targets of 98, 120 SL - 68

India VIX : 20.64, up by 0.29 points
Call OI : 33961000
Put OI : 50885850
PCR OI : 1.498
SMR : 12.69 (Neutral: Weakness for the first time showed up in the Option Table with 6100PE writers covering, higher levels are firmly in control of the Bears as the index is unable to sustain beyond 6200 level...)

Wednesday, October 23, 2013

Option Open Interest for 23-10-2013

Inference
Nifty opened flat but for the first time in many days saw the seller take control with a low below 6160 within the first few minutes of trade. The pullback towards 6190 was sold again and Nifty went on to touch the lows of the day around 6116 but a late pullback rally by the Bulls saw the index close at 6178.35, still a small loss of 24.45 points. The broader market was weak, with 652 advances to 698 declines. As per OI table 6300CE level is now having highest OI could be the resistance till expiry.
  • Call option 6100-6300 added 17.75 lacs huge amount of OI with short covering seen at 6000 and below strike prices.
  • Put option 6000-5800 added 11.99 lacs huge amount of OI with short covering seen at 6100 and above strike prices.
  • Nifty Open Interest is at 1,75,83,150 down by 7,03,150, whereas Nov Series added 6.83 lacs OI, with small decrease in price, most probably roll-over with small long liquidation.
  • Bank Nifty Open Interest is at 18,58,500 up by 15,800, whereas Nov Series added 16.9 thousand with increase in price, most probably huge long build-up in both series.
  • FII’s sold small 0.34 lacs Futures, mostly short build-up, as their net OI increased by 13011 contracts (includes 104371 longs and 105060 shorts) and the average price per contract comes to around 6108.85.
  • FII’s future open contract as on date is 513813.
  • PCR Open Interest (Volume) has dipped again and now at 1.564.
  • Initial support still at 6100, though covered a few, below that at 6000, with huge OI of 56.34 lacs.
  • Initial Resistance now at 6200, though not very strong with OI of 42.05 lacs, above that at 6300 with highest OI of 59.26 lacs.
  • Day Range as per Option Table is 6109 - 6237 and as per VIX is 6113 - 6244 with 6171 as the Pivot.
Option Call for 24-10-2013
Buy Nifty 6200CE above 60 for targets of 83, 108 SL - 54
Buy Nifty 6200PE above 78 for targets of 99, 124 SL - 73

India VIX : 20.35 up by 0.39 points
Call OI : 33808050
Put OI : 52878800
PCR OI : 1.564
SMR : 13.01 (Bullish: The resurgent Bears tried to close the index below 6100 but it was in vain as the Bulls made a smart comeback in the last hour of trade, still not much of a weakness but higher level distribution is going on...)

Tuesday, October 22, 2013

Option Open Interest for 22-10-2013

Inference
Nifty opened just weak and stayed in a narrow range of 38 points keeping previous days close as the pivot. The index ultimately closed flat at 6202.80, a very small loss of 2.15 points. The broader market though was strong, with 894 advances to 492 declines. As per OI table 6100 level is the support till expiry.
  • Call option 6400-6500 added 3.81 lacs huge amount of OI with short covering seen at 6100 and below strike prices.
  • Put option 6300-6100 added 10.75 lacs huge amount of OI with profit booking seen at 6000 and below strike prices.
  • Nifty Open Interest is at 1,82,86,300 down by 2,17,250, whereas Nov Series added 6.23 lacs OI, with no change in price, most probably 100% roll-over with huge long build-up in next series.
  • Bank Nifty Open Interest is at 18,42,700 up by 34,150, whereas Nov Series added 23.6 thousand with increase in price, most probably huge long build-up in both series.
  • FII’s bought 1.51 lacs Futures, mostly long build-up, as their net OI increased by 14306 contracts (includes 59465 longs and 56439 shorts) and the average price per contract comes to around 6127.74.
  • FII’s future open contract as on date is 500802.
  • PCR Open Interest (Volume) has gone down a bit to 1.573, due to huge profit booking at 6000 and below PE level.
  • Initial support got better at 6100, with highest OI of 60.48 lacs, below that at 6000, with huge OI of 47.78 lacs.
  • Best Resistance still at 6300, with OI of 48.99 lacs, above that at 6400 with OI of 44.40 lacs.
  • Day Range as per Option Table is 6139 - 6265 and as per VIX is 6138 - 6268 with 6202 as the Pivot.
Option Call for 23-10-2013
Buy Nifty 6200CE above 82 for targets of 94, 107 SL - 78
Buy Nifty 6300PE above 123 for targets of 138, 164 SL - 118

India VIX : 19.96, down by 0.22 points
Call OI : 33712950
Put OI : 53040250
PCR OI : 1.573
SMR : 12.69 (Bullish: Bulls seems to be in a hurry to move the index up as corrections are very shallow and in intra-day with 6100PE now having the highest OI, all this points to a new high all time high in the next few days...)

Monday, October 21, 2013

Option Open Interest for 21-10-2013

Inference
Nifty opened flat to positive and went on to touch the highs of the day around 6219 within the first few minutes of trade but saw profit booking at higher levels. The index stayed below the previous day’s close for the major part of the day but saw the buyers back when it mattered most to close the day at 6204.95, a small gain of 15.60 points. The broader market was strong, with 859 advances to 477 declines. As per OI table support base has moved up to 6100 level.
  • Call option 6300-6500 added 3.28 lacs huge amount of OI with short covering seen at 6200 and below strike prices.
  • Put option 6300-6100 added 13.96 lacs huge amount of OI with profit booking seen at 6000 and below strike prices.
  • Nifty Open Interest is at 1,85,03,550 down by 3,11,250, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 18,08,550 down by 70,750, with increase in price, most probably huge short covering.
  • FII’s bought 2.70 lacs Futures, mostly long build-up, as their net OI increased by 6779 contracts (includes 55720 longs and 50325 shorts) and the average price per contract comes to around 6126.28.
  • FII’s future open contract as on date is 486496.
  • PCR Open Interest (Volume) is at 1.592, a new high for the series.
  • Initial support at 6100, with OI above 52.33 lacs, below that at 6000, with huge OI of 52.85 lacs.
  • Best Resistance still at 6300, with OI of 49.41 lacs, above that at 6400 with OI of 41.49 lacs.
  • Day Range as per Option Table is 6130 - 6267 and as per VIX is 6139 - 6270 with 6195 as the Pivot.
Option Call for 22-10-2013
Buy Nifty 6200CE above 88 for targets of 104, 121 SL - 83
Buy Nifty 6200PE above 69 for targets of 79, 95 SL - 64

India VIX : 20.18 up by 0.06 points
Call OI : 33428500
Put OI : 53202450
PCR OI : 1.592
SMR : 15.07 (Bullish: Bulls saw a consolidation day after the huge up-move of Friday and now on the verge of taking control of 6200 level which can pave the way for a new high all time high in the next few days...)

Sunday, October 20, 2013

Option Open Interest for 18-10-2013

Inference
Nifty opened positive on the back of good global cues and did not look back to scale resistance after resistance with each passing hour. The index scaled 6200 level after 5 months but closed just lower at 6189.35, a gigantic gain of 143.50 points. The broader market was strong, with 806 advances to 542 declines. As per OI table base has been established at 6000 level.
  • Call option 6300-6400 added 7.17 lacs huge amount of OI with short covering seen at 6200 and below strike prices.
  • Put option 6300-6000 added 39.63 lacs huge amount of OI with profit booking seen at 5900 and below strike prices.
  • Nifty Open Interest is at 1,88,14,800 down by 4,17,300, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 18,79,300 up by 78,475, with increase in price, most probably huge long build-up.
  • FII’s bought huge 11.28 lacs Futures, mostly short covering, as their net OI decreased by 24885 contracts (includes 109205 longs and 86642 shorts) and the average price per contract comes to around 6106.76.
  • FII’s future open contract as on date is 479717.
  • PCR Open Interest (Volume) is at 1.561, the highest of the series.
  • Initial support now placed at 6100, with OI above 45.76 lacs, below that at 6000, with huge OI of 59.79 lacs.
  • Initial and best Resistance at 6300, with OI of just 47.52 lacs, above that at 6400 with OI of 41.24 lacs.
  • Day Range as per Option Table is 6091 - 6235 and as per VIX is 6124 - 6255 with 6154 as the Pivot.
Option Call for 21-10-2013
Buy Nifty 6200CE above 84 for targets of 100, 125 SL - 69
Buy Nifty 6200PE above 99 for targets of 124, 156 SL - 94

India VIX : 20.12, down by 0.94 points
Call OI : 33999600
Put OI : 53073950
PCR OI : 1.561
SMR : 12.89 (Bullish: Bulls came back with huge force to ground the Bears and captured 6100 level with ease, and now the scene has shifted towards 6200 level with small advantage to the CE writers, Time to be cautious at higher levels...)

Thursday, October 17, 2013

Option Open Interest for 17-10-2013

Inference
Nifty opened flat and stayed within a very narrow range for the better part of the morning session but saw the sellers take control in the second half to close the index at the lowest point of the day at 6045.85, a huge loss of 43.20 points. The broader market was also weak, with 643 advances to 704 declines. Support at 6000 and huge resistance at 6200 level.
  • Call option 6200, 6400 added 9.20 lacs huge amount of OI with short covering seen at 6100 and below strike prices.
  • Put option 6000-5500 added 19.51 lacs huge amount of OI with short covering seen at 6100 and above strike prices.
  • Nifty Open Interest is at 1,92,32,100 up by 71,200, with decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 18,00,825 up by 36,700, with decrease in price, most probably short build-up.
  • FII’s bought huge 2.53 lacs Futures, mostly long build-up, as their net OI increased by 18311 contracts (includes 61166 longs and 56111 shorts) and the average price per contract comes to around 5968.64.
  • FII’s future open contract as on date is 504602.
  • PCR Open Interest (Volume) has increased around the high point of the series at 1.398.
  • Initial support got better at 6000, with OI now above 58.15 lacs, below that at 5900, with huge OI of 48.28 lacs.
  • Initial Resistance at 6100, with OI of just 36.17 lacs, above that at 6200 with huge OI of 50.53 lacs.
  • Day Range as per Option Table is 5992 - 6124 and as per VIX is 5979 - 6112 with 6063 as the Pivot.
Option Call for 18-10-2013
Buy Nifty 6100CE above 86 for targets of 102, 131 SL - 79
Buy Nifty 6000PE above 64 for targets of 74, 85 SL - 59

India VIX : 21.06 down by 2.18 points
Call OI : 36054200
Put OI : 50397800
PCR OI : 1.398
SMR : 15.07 (Bullish to Neutral: Though the index closed in RED, but not much damage was done to the Option table with Bulls holding onto 6000 level with ease and the Bears happy with huge addition at 6200CE. 6100 level is still open playing field...)

Tuesday, October 15, 2013

Option Open Interest for 15-10-2013

Inference
Nifty opened with a gap-up near the highs of the day but was unable to sustain and went down to lows around 6060 level. Though the index tried to come back in the green but was not to be as it closed weak below 6100 at 6089.05, a loss of 23.65 points. The broader market was very weak, with just 453 advances to 887 declines. Support is getting stronger at 6000 level.
  • Call option 6200-6600 added 13.75 lacs huge amount of OI with short covering seen at 6100 and below strike prices.
  • Put option 6200-5900, 5700 added 21.34 lacs huge amount of OI with profit booking seen at 5800 strike price.
  • Nifty Open Interest is at 1,91,60,900 up by huge 9,00,050, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 17,64,125 down by huge 1,60,200, with decrease in price, most probably huge long liquidation.
  • FII’s bought huge 12.70 lacs Futures, mostly long build-up, as their net OI increased by 31836 contracts (includes 91975 longs and 66571 shorts) and the average price per contract comes to around 5099.36.
  • FII’s future open contract as on date is 486291.
  • PCR Open Interest (Volume) is at 1.334.
  • Initial support getting better at 6000, with OI now at 52.29 lacs, below that at 5900, with huge OI of 44.14 lacs.
  • Resistance at 6200, with OI now at 44.48 lacs, above that at 6300 with OI of 49.17 lacs.
  • Day Range as per Option Table is 6030 - 6165 and as per VIX is 6015 - 6163 with 6101 as the Pivot.
Option Call for 17-10-2013
Buy Nifty 6100CE above 128 for targets of 151, 176 SL - 121
Buy Nifty 6100PE above 106 for targets of 130, 156 SL - 99

India VIX : 23.24, up by 0.39 points
Call OI : 37435300
Put OI : 49947850
PCR OI : 1.334
SMR : 17.42 (Bullish: The Bulls are unable to hold the highs, but are cementing the base so that the falls are not severe with 6000 level now the immediate base. A close above 6130 is a must for new highs...)