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OPEN INTEREST IN NIFTY OPTIONS |
yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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Post: #406  Posted: Fri Mar 14, 2014 9:42 pm Post subject: |
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Note:6500 put has cut oi and 6400 put has also cut oi...we have a extended holiday and today's rally in the last one hour can be attributed to monday being a holiday as of now..till we don't close above 6550 on a closing basis the rally will keep on fizzling out....today's rally at the end was spectacular and being out for most of the day and being neither long nor short today caused no heart burn at least for today..  |
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msdigitall
White Belt
Joined: 11 Jan 2010
Posts: 7
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| Post: #407 Posted: Sat Mar 15, 2014 10:41 am Post subject: open interest interpretation |
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hello mr.yash,
thanks for your initiative, to add to your view, some useful information from my side, now we can view the open interest (participant wise ...like fii,dii,clients,prop(proprietary desk) from nse website under market reports under derivatives on a daily basis.Open interest is mainly useful for futures and options. and in general how the trend /accumulation will be. Open interest interprets in the following manner:
PRICE UP -OI UP =LONG BUILDUP OR BUY TO OPEN(BULLISH INDICATOR)
PRICE UP-OI DOWN =SHORT COVERING OR BUY TO CLOSE(BULLISH IND)
PRICE DOWN-OI UP=SHORT BUILDUP OR SELL TO OPEN(BEARISH IND)
PRICE DOWN-OI DOWN= SHORT UNWINDING OR SELL TO CLOSE(BEARISH).
HERE PRICE MEANS = SPOT PRICE OF NIFTY OR STOCKS.
am sure with this information and using OI method above, one can predict market more accurately. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #408 Posted: Sat Mar 15, 2014 11:29 am Post subject: |
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Dear Digitall,
Thanks for your guidance.What is your view for tuesday as per your OI analysis? |
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msdigitall
White Belt
Joined: 11 Jan 2010
Posts: 7
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| Post: #409 Posted: Sat Mar 15, 2014 1:07 pm Post subject: |
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| fii are 70% long in index futures and call options and the rest are in short positions. hence i expect nifty will move up for new all time high, unless there is no war erupts on sunday and monday at ukarine.for the month of march am still bullish, and one has to buy on dips as long with relevant stop loss. |
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msdigitall
White Belt
Joined: 11 Jan 2010
Posts: 7
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| Post: #410 Posted: Sat Mar 15, 2014 1:09 pm Post subject: |
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| can i attach the OI sheet here? will it be allowed., so that one can go thru and understand the actual status of OI held by participants.?? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #411 Posted: Sat Mar 15, 2014 1:13 pm Post subject: |
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| msdigitall wrote: | | can i attach the OI sheet here? will it be allowed., so that one can go thru and understand the actual status of OI held by participants.?? |
yep |
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msdigitall
White Belt
Joined: 11 Jan 2010
Posts: 7
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| Post: #412 Posted: Sat Mar 15, 2014 1:18 pm Post subject: |
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| OI on a daily basis attached , data source: nse |
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msdigitall
White Belt
Joined: 11 Jan 2010
Posts: 7
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| Post: #413 Posted: Sat Mar 15, 2014 1:19 pm Post subject: |
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| apka,chandru, please go thru the OI file... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #414 Posted: Sun Mar 16, 2014 2:16 pm Post subject: |
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| amitagg wrote: | | yashrahul wrote: | Note:Infy was down some 300 rs today yet the nifty was maintained till 2.30 pm at close to 6550...if not for infy we could have well been above 6550...complacency of the bulls got the better of them in the last one hour...I don't know for sure but slowly things across world markets have not been that rosy over the past one week or so...options data still has not shown a huge downside is on the anvil....tomorrow's close will give an indication going into an extended holiday...best luck
it would be very nice if we could open some 40-50 points gap down tomorrow just to wake the 6500 put writers up by shaking them...higher the gap down higher chances that the 6500 put writers will wake up alarmingly |
i feel that market are going down so that 6500 puts can be further written at higher premium so that after somedown ticks to 6440-6460[/b[b]]....markets can bounce back....giving profits to put writers.....
6500 put writers would be shaken only below 6415 NS....  |
yes the smarter put writers would have benefitted on Friday....exactly happened as mentioned. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #415 Posted: Mon Mar 17, 2014 1:15 pm Post subject: |
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| msdigitall, how do you get the specific call, put dii and fii dissected figures? |
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msdigitall
White Belt
Joined: 11 Jan 2010
Posts: 7
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| Post: #416 Posted: Mon Mar 17, 2014 8:52 pm Post subject: |
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| apka:, its very difficult, and not possible unless you are a subscriber of NSE data feed and other information.But i feel it is also not relevant for us, as we dont know when they will exit also, i mean- suppose, if you know fii are long today in 6600 call, then there is a chance they may exit on opening of next day,where we may enter..... reading OI will be effective by taking overall put and call options(infact PCR is done based on that )., not on individual strike price. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #417 Posted: Tue Mar 18, 2014 9:00 pm Post subject: |
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Note:Today at one point of time in the afternoon it felt as if the 6500 put writers will have to start covering their positions and some of them did cover because at one point of time 6500 put had oi of close to 13 lakhs but was cut to almost 4 lakhs by afternoon....
Market has once again failed to close above 6550 NS.....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #418 Posted: Tue Mar 18, 2014 10:44 pm Post subject: |
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| yashrahul wrote: | Note:Today at one point of time in the afternoon it felt as if the 6500 put writers will have to start covering their positions and some of them did cover because at one point of time 6500 put had oi of close to 13 lakhs but was cut to almost 4 lakhs by afternoon....
Market has once again failed to close above 6550 NS.....
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Hi the time is in favour of bulls...market needs time to break upwards when the upmove has been so swift....its immaterial if in just few days action 6450 has not been breached...it will be breached "easy" without going down below 6500 ..let's see
Can u guide us more on Options data..what's behaviour of HIghest OI in calls and puts...etc or any concerted moves in OI / PCR which tells which way the market can move..any directional view? |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #419 Posted: Wed Mar 19, 2014 9:41 am Post subject: |
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| amitagg wrote: | | yashrahul wrote: | Note:Today at one point of time in the afternoon it felt as if the 6500 put writers will have to start covering their positions and some of them did cover because at one point of time 6500 put had oi of close to 13 lakhs but was cut to almost 4 lakhs by afternoon....
Market has once again failed to close above 6550 NS.....
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Hi the time is in favour of bulls...market needs time to break upwards when the upmove has been so swift....its immaterial if in just few days action 6450 has not been breached...it will be breached "easy" without going down below 6500 ..let's see
Can u guide us more on Options data..what's behaviour of HIghest OI in calls and puts...etc or any concerted moves in OI / PCR which tells which way the market can move..any directional view? |
I am bearish till 6550 NS gets broken and looking forward to lower levels and to add to your comments The time is not at all in favour of the bulls but the pending elections have kept the time in favour of bulls..even if the election outcome is as per the market expectations still the bulls have already done what they were supposed to do and after some months it will be bears all the way.. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #420 Posted: Wed Mar 19, 2014 10:33 am Post subject: |
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| early signs of 6500 put being written again today...best luck |
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