Nifty opened weak around 5855 but saw the buyer coming back and moved the index way beyond 5900 to the highs of the day at 5938. The seller got active at the highs and the index went into consolidation mode and closed flat at 5892.45, a smallish gain of 2.70 points. The broader though was negative, with 590 advances to 691 declines. The Option Table range till expiry comes around 5800-6000 with 5900 acting as Pivot. Nifty Open Interest is at 1,36,70,350 down by 10,41,550, whereas October series added 33.83 lacs, with not much change in price, most probably 100% rollover with huge long build-up. Bank Nifty Open Interest is at 13,61,600 down by 2,29,775, whereas October series added 5.06 lacs, with small decrease in price, most probably 100% rollover with huge short build-up. FII’s bought huge 13.87 lacs Futures, mostly long build-up, as their net OI increased by 62753 contracts (includes 210894 longs and 183145 shorts) and the average price per contract comes to around 5826.87. Day Range as per Option Table is 5796 - 5995 and as per VIX is 5810 - 5975 with 5895 as the Pivot. India VIX : 26.72, down by 0.30 points Call OI : 37658650 Put OI : 58046900 PCR OI : 1.541 SMR : 15.06 (Bearish to Neutral: After the ‘Rajan’ effect played out for the last 2 days, it was a perfect pause day with participants looking for direction. Based on Option Table expiry below 6000 is a huge probability...) marketpulse-snp.blogspot.in/p/oi-eod.html
Posted on: Tue, 24 Sep 2013 15:27:03 +0000
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