19/05/2014
Nifty Options' change in Open Interest on May 19, 2014 !!
As per today’s Nifty Options’ data, In May series, MAXIMUM OPEN-INTEREST built-up increased at 7900 May Call Option, 7300 May Call Option & 7400 May Call Option; on the Put side, MAXIMUM OPEN-INTEREST built-up increased at 6900 May Put Option & 7100 May Put Option; as traders have added to the higher strikes of Call Option but to the lower strike of Put Option, this implies traders are having mixed sentiments. The MAXIMUM TOTAL OPEN-INTEREST built-up shifted on to 8000 May Call Option, 7500 May Call Option & 7400 May Call Option; On the Put Side, MAXIMUM TOTAL OPEN-INTEREST built up shifted on to 7000 May Put Option; so, May series trading range is from 7000 to 7500 levels. The MAXIMUM OPEN-INTEREST was reduced from 7700 May Call Option, 7600 May Call Option, 7000 May Call Option, 7200 May Call Option & 8000 May Call Option; On the Put Side, MAXIMUM OPEN-INTEREST was reduced in 6300 May Put Option, 6000 May Put Option & 6500 May Put Option; i.e. it shifted on to higher strikes of Call Option & to the lower strikes of Put Option, hinting towards mixed sentiments of traders. For Next trading session, for May Series, 7500 will be acting as a major resistance level & 7300 will be acting as a intraday resistance level; on the down-side, 7200 will be acting as Intraday Support level & 7000 will be a Major Support Level. Traders should watch for 7200 levels, if Nifty manages to break below this level, correction might be seen, else, further rally up will continue. Stop-loss should be considered while taking any position in Stock Market. (All the above Resistance/Supports levels are compared with the Nifty Spot Closing.)