Monday, November 18, 2013

Option Open Interest for 18-11-2013

Inference
Nifty again opened huge gap-up and stayed up making new highs with each passing hour to end the day nears the highs at 6189.00, a huge gain of 132.85 points. The broader market was also strong, with 862 advances to 512 declines. Best support back again at 6000 level.
  • Call option 6400-6600 added 14.39 lacs huge amount of OI with short covering seen at 6200 and lower strike prices.
  • Put option 6300-5900 added 32.19 lacs huge amount of OI with profit booking seen at 5800 and lower strike prices.
  • Nifty Open Interest is at 1,75,93,150 down by 3,94,950, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 16,36,300 up by 51,275, with increase in price, most probably huge long build-up.
  • FII’s bought huge 5.44 lacs Futures, mostly long build-up, as their net OI increased by 1964 contracts (includes 82114 longs and 71238 shorts for the day) and the average price per contract comes to around 6153.00.
  • FII’s future open contract as on date is 469378.
  • PCR Open Interest (Volume) is back above 1 at 1.100.
  • Initial support back at 6100, with huge addition for the day at 10.45 lacs and below that at 6000 with highest OI of 56.56 lacs.
  • Initial resistance now at 6300, with OI of 48.91 lacs and above that at 6400, with OI of 51.05 lacs.
  • Day Range as per Option Table is 6105 - 6238 and as per VIX is 6128 - 6250 with 6165 as the Pivot.
Option Call for 19-11-2013
Buy Nifty 6200CE above 75 for targets of 88, 102 SL - 67
Buy Nifty 6200PE above 71 for targets of 88, 108 SL - 66

India VIX : 18.82, down by 0.44 points
Call OI : 32036800
Put OI : 35248950
PCR OI : 1.100
SMR : 17.10 (Bullish: Nifty is back in Bull territory with huge addition from 6300-6000PE level with the CE writers covering fast, seems like the corrective down move is done-with if 6100 is held...)