Tuesday, September 7, 2010

Open Interest & Nifty

Call Option 5700-5800 added (10.1 lacs) huge amount of OI with some unwinding seen at 5600 and lower strike price. Put Options 5300-5600 added (45 lacs) huge amount of OI with some profit booking seen at lower strike prices. Highest accumulation on Call option can be seen at 5700 at 1.2 crore & 5600 at 1.03 crore whereas Put option 5400 at 1.24 crore & 5500 at 97 lacs.
Nifty Open Interest for September stands at 37004950 up by 1362300 with increase in Price.
The open interest addition in Nifty Future has increased to a level not seen in recent past, in fact now the threat has increased & it is going to be very tough tomorrow to climb from here immediately. It needs some cooling off. Immediate support comes at 5540 for tomorrow.

2 comments:

Unknown said...

price-time or price-vol?which value area to follow?please advise

Girish Desai said...

Prem,

I think you are asking about when to use "Price Profile" and when to use "Volume profile"

The perfect person to get the answer from is Shai. And we have a webinar coming up this Saturday. Its free for anyone who registers by sending email to vtrender@gmail.com

Please go ahead and send email for registration