Nifty Open Interest Analysis

[sridhar]

Now it looks like 5800PE & 5900CE are ruling. Definitely an upward bias is building up as 5900PE is adding OI while 5900CE is shedding.

Looks like bottom of expiry range may shift up by 50 odd points.

 

[anup]

@Sridhar : You mean to say the range may be 5850 to 5912?

 

[sridhar]

@Sridhar : You mean to say the range may be 5850 to 5912?

That is a very rough approximation at this moment in time. Could change in the last few hours of trade.
Exact values are difficult as we do not know the weighted average of cost of the call writers.

 

[Option.Trader]

That is a very rough approximation at this moment in time. Could change in the last few hours of trade.
Exact values are difficult as we do not know the weighted average of cost of the call writers.

Generally avoid trading on expiry as levels can change on a dime... too volatile to play as SL can be hit on both sides of trade

 

[sridhar]

Generally avoid trading on expiry as levels can change on a dime... too volatile to play as SL can be hit on both sides of trade

Yup!. particularly a lot of manipulation in the last half hour.

 

[shivan]

@Option.Trader

as now at the beginning of the series none of strike have OI greater than 70L so how do we interpret nifty option table in such a situation.

 

[sridhar]

Wait till Monday/Tuesday. Actual positions always get taken in the first week.

 

[appy050]

pls can anyone tel me the reason for 5400 PE still in negative though the Nifty is -50 points.

 

[14092012]

Nifty downtrend doesn't mean PE options should be in demand right. as in, when Nifty is going from say 6000 to 5900, you can't expect people to start picking up 5000 PE options.

 

[Option.Trader]

@Option.Trader

as now at the beginning of the series none of strike have OI greater than 70L so how do we interpret nifty option table in such a situation.

Well market participants wait to get biased... especially with may3 RBI action, you'll start seeing the base +/- day after event