Thursday, December 19, 2013

Option Open Interest for 19-12-2013

Inference
Nifty opened gap-up above 6250 level, but huge profit booking saw the index hurtling down towards the lows of the day around 6150 within the first few minutes of trade. The index tried to move up but closed just above the day’s low at 6166.65, a huge loss of 50.50 points. The broader market was also weak, with 593 advances to 725 declines. Range remains at 6000-6300.
  • Call option 6100-6300 added 31.50 lacs huge amount of OI with profit booking seen at 6400 and above strike prices.
  • Put option 6000 added 1.12 lacs huge amount of OI with short covering seen at 6200 and above strike prices.
  • Nifty Open Interest is at 1,89,71,200 down by huge 30,69,100, with decrease in price, mostly long liquidation.
  • Bank Nifty Open Interest is at 14,70,725 down by 10,200, with decrease in price, mostly long liquidation.
  • FII’s sold 9.63 lacs Futures, mostly long liquidation, as their net OI decreased by 45297 contracts (includes 81489 longs and 100740 shorts for the day) and the average price per contract comes to around 6137.80.
  • FII’s future open contract as on date is 584496.
  • PCR Open Interest (Volume) is down to 1.039.
  • Initial support now at 6100, with huge OI of 55.17 lacs and below that at 6000 with huge OI of 57.98 lacs.
  • Initial resistance at 6200, with huge addition for the day at 18.19 lacs and above that at 6300, with highest OI of 76.35 lacs.
  • Day Range as per Option Table is 6129 - 6245 and as per VIX is 6113 - 6220 with 6194 as the Pivot.
Option Call for 20-12-2013
Buy Nifty 6200CE above 63 for targets of 83, 130 SL - 57
Buy Nifty 6200PE above 61 for targets of 84, 107 SL - 52

India VIX : 16.58 down by 0.96 points
Call OI : 42667850
Put OI : 44321000
PCR OI : 1.039
SMR : 15.96 (Bearish: Huge liquidation saw the index nosedive below the psychological level of 6200 giving the Bears back the control of Option Table; a follow-up action can bring 6100 level...)