Monday, October 14, 2013

Option Open Interest for 14-10-2013

Inference
Nifty opened weak just below the previous days close but made a dash towards the high of the day around 6124. The index then stayed in a narrow range of 40 points for the entire session and closed just positive at 6112.70, a small gain of 16.50 points. The broader market was just positive, with 698 advances to 650 declines. Support has now have moved up at 6000 level.
  • Call option 6200-6500 added 18.00 lacs huge amount of OI with short covering seen at 6100 and below strike prices.
  • Put option 6200-5700 added 25.53 lacs huge amount of OI with profit booking seen at 5600 and lower strike prices.
  • Nifty Open Interest is at 1,82,60,850 up by huge 4,30,350, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 19,24,325 down by huge 95,250, with increase in price, most probably huge short covering.
  • FII’s bought huge 11.77 lacs Futures, mostly long build-up, as their net OI increased by 4985 contracts (includes 65602 longs and 42063 shorts) and the average price per contract comes to around 6032.59.
  • FII’s future open contract as on date is 454455.
  • PCR Open Interest (Volume) is at 1.321.
  • Initial support at 6000, with OI now at 44.81 lacs, below that at 5900, with huge OI of 42.66 lacs.
  • Resistance at 6200, with OI of 41.08 lacs, above that at 6300 with OI of 44.21 lacs.
  • Day Range as per Option Table is 6040 - 6173 and as per VIX is 6040 - 6186 with 6107 as the Pivot.
Option Call for 15-10-2013
Buy Nifty 6100CE above 135 for targets of 150, 166 SL - 129
Buy Nifty 6100PE above 101 for targets of 111, 129 SL - 94

India VIX : 22.85 down by 0.74 points
Call OI : 36686050
Put OI : 48458900
PCR OI : 1.321
SMR : 17.30 (Bullish: The Bulls are on a high and now they are moving the support level up in Option Table with huge addition at 6000PE, Bears are concentrating higher at 6400-6500...)