Nifty Options' change in Open Interest as on JUNE 28, 2013
As per today’s Nifty Options’ data, In July series, Maximum open interest was build-up at 5800 Jul Put Option & 5700 Jul Put Option; on the Call side, maximum open interest was build-up at 6000 Jul Call Option. This indicates that positions have been building up in higher strike in call options as well in the put options which shows that traders are getting positive. In July series, Maximum total open interest is on 5600 Jul Put Option & 5700 Jul Put Option. On the Call side, it is on 6000 Jul Call Option & 5900 Jul Call Option, which shows that band of trading range for July series has widen up & shifted up, now it is from 5600-6000 levels. As seen today, 5600 Jul Call Option & 5700 Jul Call Option has reduced the maximum open interest & on the put side 5400 Jul Put Option has reduced the maximum Open interest & shifted to higher strike which also indicate that sentiments are getting positive. In today's session, the movements on Derivatives front were volatile. For next trading session, 5900 level will be the intraday resistance & 6000 will be the major resistance level. On the downside, 5800 will be the crucial support level, 5600 level will be acting as a strong support. Traders are advice to watch for 5800 level, on the up side, if Nifty sustain above this level, then a up move might be seen. If it manages to break below this level, then some profit booking of this big rise might be seen.
As per today’s Nifty Options’ data, In July series, Maximum open interest was build-up at 5800 Jul Put Option & 5700 Jul Put Option; on the Call side, maximum open interest was build-up at 6000 Jul Call Option. This indicates that positions have been building up in higher strike in call options as well in the put options which shows that traders are getting positive. In July series, Maximum total open interest is on 5600 Jul Put Option & 5700 Jul Put Option. On the Call side, it is on 6000 Jul Call Option & 5900 Jul Call Option, which shows that band of trading range for July series has widen up & shifted up, now it is from 5600-6000 levels. As seen today, 5600 Jul Call Option & 5700 Jul Call Option has reduced the maximum open interest & on the put side 5400 Jul Put Option has reduced the maximum Open interest & shifted to higher strike which also indicate that sentiments are getting positive. In today's session, the movements on Derivatives front were volatile. For next trading session, 5900 level will be the intraday resistance & 6000 will be the major resistance level. On the downside, 5800 will be the crucial support level, 5600 level will be acting as a strong support. Traders are advice to watch for 5800 level, on the up side, if Nifty sustain above this level, then a up move might be seen. If it manages to break below this level, then some profit booking of this big rise might be seen.
