iCharts Discussions

[vinay28]

[yashrahul]

09/10/2013

HIGHEST OPEN INTEREST IN PUT:5700PE =60,08,000

HIGHEST OPEN INTEREST IN CALL:6100 CE =55,60,350

Note: Very high addition of close to 10 lakh shares in both 5700 pe and 6100 ce, a breach of anyone level could make the market move higher or lower towards that level,looking at today's postion and the way in which 5700 pe saw erosion in its value one thing is very clear that put writers have become too aggressive at 5700 pe but with 6100 ce adding equal oi and the expiry month being longer than usual it remains to be seen whether 5700 pe writers are able to defend the 5700 level, the thing in favor of bulls is debt ceiling getting dragged which when gets solved then it can act as trigger on the buy side(when the need arises everything is positive for the markets),tapering getting postponed..bla bla ,bears don't need much to bring it down from here inflation,gdp and many such factors are in their favor as of now ( a small prick and the balloon will go dooooooop ).

[apka]

wasn't well for 2 days, so didn't come.

i give importance to ITM options more than OTM for immediate movement purpose.

Earlier calls had been shedding OI and 6000pe and 6100pe had been adding. And day before yesterday call ITM calls shed OI and 6000pe 6100pe added more than 3 lakh OI. Considering their high prices, I expected upmove.

[yashrahul]

10/10/2013

HIGHEST OPEN INTEREST IN PUT:5700PE =61,77,350

HIGHEST OPEN INTEREST IN CALL:6100 CE =52,88,600

Note:My intention to start this thread was to maintain an diary of highest oi nifty options for the month whereby trader will be able to glance at these options and have a general idea of how the trend changed through out the month, then take the trade as per their wish on the guidance of experts, i should have kept the name as "highest oi nifty options diary of the month".

Anyhow,for today notable to add was oi of 6100 ce getting cut by 2,50,950, and 5900 pe adding 5,26,950,are we going to see a shift to a higher band of 5900pe-6300 ce as slowly 6300 ce is being written and 5900 pe is also being written.Is the trend changing? only time will tell.

If it really happens so i can always say i was the first one to write on 10/10/2013........just kidding

[vinay28]

the range will indeed shift up if nifty respects about 5920

[rsnerella]

Normally writers keep moving the range as per the market movements. They are strong and at the same time, they shift (run away) their positions fast if market move other side.

[yashrahul]

at 10.38,two very notable things today 6200 ce has added 9,95,000 in oi and 5700 pe has cut 3,18,000 in oi,if i am not mistaken downside opening up and topside getting capped at least for now(ask the experts).

[vinay28]

[yashrahul]

11/10/2013

HIGHEST OPEN INTEREST IN PUT:5700PE =55,46,650.

HIGHEST OPEN INTEREST IN CALL:6100 CE =48,42,450.

Note:Eventhough highest oi is at these 2 strikes,at 6100 pe huge writing is going on as is evident from the fact that still more than half month to go and 6100 pe october is available at mouthwatering 109 rupees today,nifty spot has closed at 6092.Last time the call writers had become very aggressive and hence we saw a huge jump of 1000 points nifty in 2 months now put writers have become too aggressive...so be ready .Bears have become afraid by the avalanche of fii inflows(where....hardly any but still markets are running) at close to 6100 nifty bears have started writing 6500 call as it has added 11 lakh shares in oi today.one bad signal and the bears will start writing itm calls soon,i feel.

One push and everything will come down crumbling like a pack of cards,last time bears didn't respect oversold signals and very attractive valuations and are paying the price for being short now all i can say is if the same is done on the long side with overbought signals and too steep valuations iip,inflation,gdp etc bulls will have to pay the price...in short..."aage aage dekhte hain hota hain kya....maja aayega "

[yashrahul]

Vinay28: very sorry couldn't keep a track of the call and put mentioned by you as was out most of the time and came back at the close.

[yashrahul]

I know i am overdoing this smiley but i like the carefree attitude of the above rolling with laughter smiley especially in an environment where tension always prevails if the positions once holds are against the trend...just like i am stuck up now so once more

[rsnerella]

Possible that the PE writers might have moved up in level. That's why the 5700 cut in OI.

[Gemini]

yashrahul,

you are doing a great job, keep it up.

I also monitor options OI and change in OI. I get the same updated through data feed from NSE in Excel and get chart updated automatically. ( I wish icharts team develops this chart so as to avoid cumbersome activity by individuals like me !) .

Sharing todays EoD charts.

[yashrahul]

Gemini,thanks for your encouraging comments

[SUNIL_PATIL_34]

hi gemini thanks for posting chart ;can u explain shorty whats this chart saying