NIFTY OPTIONS' DATA ON JUNE 7, 2013 !!
According to todays option data, In June series, Maximum open interest was build up at 6000 Jun Call Option & 6100 Jun Call Option; on the Put side, maximum open interest was build up at 5600 Jun Put Option & 5700 Jun Put Option. This show that, today, positions has shifted to lower strike prices, in case of Call Options & positions were added on to lower strike prices of Put Options. This indicates that traders are expecting more negativity in market. Maximum total open interest is still at 5900 Jun Put Option & 5800 Jun put Option. On the call side, it is on 6100 Jun Call Option; which shows the range for June series has been shifted lower i.e. from 5800 to 6100 levels, this has been observed that range is slowly shifting lower & lower . In today's session, it was seen that 5900 Jun Put Option has started reducing open interest as traders are losing their confidence on 5900 levels. For tomorrows session, 5900 will be crucial resistance level for Nifty in intraday & 6100 level will be a major resistance & on the downside, 5800 will be act as a strong support. If Nifty holds above 5900 levels, then some bounce might be seen in Monday's session. If nifty manages to break below 5800 levels then open interest might shift to lower strike prices.