Nifty Options' change in Open interest on June 17, 2013 !!
As per todays Nifty Options data, In June series, Maximum open interest was build-up at 6100 Jun Call Option; on the Put side, maximum open interest was build-up at 5800 Jun Put Option & 5700 Jun Put Option. This indicated that positions are shifting to higher strike in call options & adding to higher strike in put option. This shows that traders are getting more bullish. Maximum total open interest remains on 5700 Jun Put Option. On the call side, it is still on 6000 Jun Call Option, which shows that band of trading range for June series remains the same, but positions might shift to higher strike options. As of now, the range is still defined from 5700 to 6000 levels. As seen today, 5700 Jun Call Option has reduced the maximum open interest & on the put side 5600 Jun Put Option reduced the maximum Open interest & shifted to higher strike options. In today's session, as per the movements on Derivatives front, 5800 strikes saw maximum writing which shows that traders are expecting market to move higher. For next trading session, 5900 will continue to be the crucial resistance level for Nifty, in intraday & 6000 level will be a major resistance. On the downside, 5800 level is the intraday support, 5700 will be acting as a strong support.
As per todays Nifty Options data, In June series, Maximum open interest was build-up at 6100 Jun Call Option; on the Put side, maximum open interest was build-up at 5800 Jun Put Option & 5700 Jun Put Option. This indicated that positions are shifting to higher strike in call options & adding to higher strike in put option. This shows that traders are getting more bullish. Maximum total open interest remains on 5700 Jun Put Option. On the call side, it is still on 6000 Jun Call Option, which shows that band of trading range for June series remains the same, but positions might shift to higher strike options. As of now, the range is still defined from 5700 to 6000 levels. As seen today, 5700 Jun Call Option has reduced the maximum open interest & on the put side 5600 Jun Put Option reduced the maximum Open interest & shifted to higher strike options. In today's session, as per the movements on Derivatives front, 5800 strikes saw maximum writing which shows that traders are expecting market to move higher. For next trading session, 5900 will continue to be the crucial resistance level for Nifty, in intraday & 6000 level will be a major resistance. On the downside, 5800 level is the intraday support, 5700 will be acting as a strong support.