Friday, December 13, 2013

Option Open Interest for 13-12-2013

Inference
Nifty opened weak around 6200 on the back of bad IIP and CPI data and stayed week to close at the lowest point of the day at 6168.40, a huge loss of 68.65 points. On a week on week basis the index lost 91.50 points or approx 1.46%. The broader market was very weak, with just 334 advances to 1004 declines. Best resistance back at 6300.
  • Call option 6100-6500 added 24.12 lacs huge amount of OI with profit booking seen at 6600 and above strike prices.
  • Put option 6100-6000 added 6.55 lacs huge amount of OI with short covering seen at 6300 and above strike prices.
  • Nifty Open Interest is at 2,20,04,650 down by 2,39,850, with decrease in price, mostly long liquidation.
  • Bank Nifty Open Interest is at 14,49,025 down by 48,525, with decrease in price, mostly long liquidation.
  • FII’s sold 14.81 lacs Futures, mostly long liquidation, as their net OI decreased by 19251 contracts (includes 38762 longs and 68387 shorts for the day) and the average price per contract comes to around 6174.24.
  • FII’s future open contract as on date is 569875.
  • PCR Open Interest (Volume) is down again now at 1.050.
  • Initial support moved lower at 6100, with OI of 45.36 lacs and below that at 6000 with huge OI of 53.20 lacs.
  • Initial resistance at 6200, with huge addition for the day at 11.02 lacs and above that at 6300, with highest OI of 64.65 lacs.
  • Day Range as per Option Table is 6119 - 6235 and as per VIX is 6111 - 6226 with 6179 as the Pivot.
Option Call for 16-12-2013
Buy Nifty 6200CE above 81 for targets of 92, 111 SL - 75
Buy Nifty 6200PE above 76 for targets of 84, 94 SL - 69

India VIX : 17.84 up by 0.10 points
Call OI : 40536850
Put OI : 42573350
PCR OI : 1.050
SMR : 16.99 (Bearish: Rate hike worries spooked the market to close below the psychological level of 6200 with 6300 level now out of bounds for the Bulls. Unable to trade above 6200 can bring 6070...)