Nifty Options' change in Open interest on June 6, 2013
According to todays option data, In June series, Maximum open interest was build up at 5700 Jun Put & 5900 Jun Put Option; on the Call side, maximum open interest was build up at 5900 Jun Call Option & 6000 Jun Call Option. This show that, today, positions has shifted to lower strike prices, in case of Call Options & positions were added on to lower strike Put Options. This indicates that traders are expecting more negativity in Market. Maximum total open interest is still at 5900 Jun Put Option. On the call side, it is on 6200 Jun Call Option; which shows the range for June series is still the same i.e. from 5900 to 6200 levels, but it is slowly shifting lower as Nifty is still trading close to its lower band of the range. This has been observed that 5900 call strike added maximum open interest; which shows that 5900 might act as a crucial level for Nifty. The maximum Open Interest was reduced from 5800 June Put Option & 6000 June Put Option. On the call side, maximum open interest was reduced from 6300 June Call Option & has been shifted to Lower Strike Price. For tomorrows session, 5900 will be crucial support level for Nifty. 5800 will be a strong support & on the upside, 6000 will be the intraday resistance, 6200 will be a major resistance level. If Nifty holds below 5900 levels, then open interest might be seen shifting from 5900 Jun Put Option to 5800 Jun Put & 5700 June put Option. On the call side 5900 will be adding more open interest. This might take the range of Nifty lower, but, if it could not hold below 5900 level, then a bounce might be seen from that level, which might take Nifty to retest 6000 level.
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According to todays option data, In June series, Maximum open interest was build up at 5700 Jun Put & 5900 Jun Put Option; on the Call side, maximum open interest was build up at 5900 Jun Call Option & 6000 Jun Call Option. This show that, today, positions has shifted to lower strike prices, in case of Call Options & positions were added on to lower strike Put Options. This indicates that traders are expecting more negativity in Market. Maximum total open interest is still at 5900 Jun Put Option. On the call side, it is on 6200 Jun Call Option; which shows the range for June series is still the same i.e. from 5900 to 6200 levels, but it is slowly shifting lower as Nifty is still trading close to its lower band of the range. This has been observed that 5900 call strike added maximum open interest; which shows that 5900 might act as a crucial level for Nifty. The maximum Open Interest was reduced from 5800 June Put Option & 6000 June Put Option. On the call side, maximum open interest was reduced from 6300 June Call Option & has been shifted to Lower Strike Price. For tomorrows session, 5900 will be crucial support level for Nifty. 5800 will be a strong support & on the upside, 6000 will be the intraday resistance, 6200 will be a major resistance level. If Nifty holds below 5900 levels, then open interest might be seen shifting from 5900 Jun Put Option to 5800 Jun Put & 5700 June put Option. On the call side 5900 will be adding more open interest. This might take the range of Nifty lower, but, if it could not hold below 5900 level, then a bounce might be seen from that level, which might take Nifty to retest 6000 level.
