Tuesday, February 18, 2014

Option Open Interest for 18-02-2014

Nifty opened flat but saw the responsive buyers take control to move the index above 6100. Nifty closed above 6100 for the first time this month at 6127.10, gain of 53.80 points. The broader market was also strong, with 807 advances to 601 declines. Super support for the Series is at 6000PE with OI now above 1.09 crore.
  • Call option did not see any addition whereas huge short covering was seen at 6000 and lower strike prices.
  • Put option 6200-5900 added 29.20 lacs huge amount of OI with profit booking seen at 5800 and lower strike prices.
  • Nifty Open Interest is at 1,56,83,200 down by 5,70,550, whereas March series added 3.26 lacs with increase in price, most probably rollover with some short covering.
  • Bank Nifty Open Interest is at 16,83,150 up by 21,050, whereas March series added 0.36 lacs with increase in price, most probably huge long build-up.
  • FII’s bought huge 10.36 lacs Futures, mostly long build-up, as their net OI increased by 323 contracts (includes 71544 longs and 50833 shorts for the day) and the average price per contract comes to around 6042.48.
  • FII’s future open contract as on date is 389374.
  • PCR Open Interest (Volume) has moved to the high point of the series at 1.418.
  • Initial support now at 6100, with huge OI of 50.88 lacs and below that at 6000 with highest OI of 1.09 Crore.
  • Initial and best resistance at 6200, with OI of 58.32 lacs and above that at 6300, with OI of 48.47 lacs.
  • Day Range as per Option Table is 6070 - 6165 and as per VIX is 6078 - 6177 with 6112 as the Pivot.
Option Call for 19-02-2014
Buy Nifty 6100CE above 68 for targets of 85, 104 SL - 62
Buy Nifty 6200PE above 94 for targets of 116, 145 SL - 88

India VIX : 15.41 down by 0.42 points
Call OI : 31765400
Put OI : 45056450
PCR OI : 1.418
SMR : 10.86 (Bullish: Bulls on the back of huge OI at 6000 level were able to close the index above 6100 for the first time this month, and holding on can see more highs before expiry...)