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...)