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How to Interpret Nifty Options Data

Nifty Options' change in open interest on July 10, 2013 !!
As per today’s Nifty Options’ data, In July series, Maximum open interest was build-up at 6000 Jul Call Option, 6100 Jul Call Option and 5900 Jul Call Option; on the Put side, maximum open interest was build-up at 5800 Jul Put Option. This indicates that positions have continued building on same strike in Call options as well as in put options, which reflects the prevailing positivity in Market. In July series, Maximum total open interest is still on 5600 Jul Put Option. On the Call side, it is on 6000 Jul Call Option, i.e. band of trading range for July series remains the same, from 5600-6000 levels. But, Open interest has being shifting to Higher strikes in Put Options and continued to be on same Strikes of Call Options. As seen today, 5400 Jul Put Option, 5700 Jul Put Option, 5900 Jul Put Option & 5600 Jul Put Option has reduced the maximum open interest & on the Call side, 5800 Jul Call Option has reduced the maximum Open interest & shifted to Higher strike in both call options & Put options, this means sentiments are still Positive. In today's session, the movements on Derivatives front were very volatile. For next trading session, 5800 level will be a crucial level to watch for, 5600 will be the strong support level. On the upside, 5900 will be the crucial resistance level, 6000 level will be acting as a Major resistance. Traders are advice to watch for 5800 level, on the Down side, if Nifty Hold below this level, then a dip down might be seen. If it manages to sustain above this level, then rally up might be seen in Nifty. Strict Stop-loss should be considered while taking any position in Stock Market.




Nifty Options' change in open interest on July 11, 2013 !!
As per today’s Nifty Options’ data, In July series, Maximum open interest was build-up at 5900 Jul Put Option, 6000 Jul Put Option, 5700 Jul Put Option, 5500 Jul Put Option and 5600 Jul Put Option; on the Call side, maximum open interest was build-up at 6300 Jul Call Option. This indicates that positions have been building in Higher Strikes Put options as well as in Call options, which reflects the sentiments are getting extremely positive in Market. In July series, Maximum total open interest is still on 5600 Jul Put Option & 5800 Jul Put Option. On the Call side, it is on 6000 Jul Call Option, i.e. band of trading range for July series remains the same, from 5600-6000 levels. But, Open interest has being shifting to Higher strikes in Put Options as well as Call Options very quickly. As seen today, 5900 Jul Call Option & 6000 Jul Call Option has reduced the maximum open interest & on the Put side, 5400 Jul Put Option has reduced the maximum Open interest & shifted to Higher strike in both call options & Put options, this means sentiments are getting more bullish. In today's session, the movements on Derivatives front were very volatile. For next trading session, 5900 level will be a crucial level to watch for, 5800 will be the strong support level. On the upside, 6000 will be the crucial resistance level, 6100 level will be acting as a Major resistance. Traders are advice to watch for 5900 level, on the Down side, if Nifty Hold below this level, then a dip down might be seen. If it manages to sustain above this level, then rally up might be seen in Nifty. Strict Stop-loss should be considered while taking any position in Stock Market.





Nifty Options' change in open interest on July 15, 2013 !!
As per today’s Nifty Options’ data, In July series, Maximum open interest was build-up at 6000 Jul Put Option & 5900 Jul Put Option; on the Call side, maximum open interest was build-up at 6200 Jul Call Option & 6300 Jul Call Option. This indicates that positions have been building on Higher Strikes Put options and in Higher strikes in Call options, which reflects the sentiments are getting extremely positive in Market. In July series, Maximum total open interest is still on 5800 Jul Put Option & 5600 Jul Put Option, further 5900 Jul Put Option & 5700 Jul Put Option has been observed with maximum total interest added. On the Call side, it is on 6000 Jul Call Option & 6100 Jul Call Option, i.e. the band of trading range for July series has been shifted up, i.e. from 5800-6100 levels. But, Open interest has being shifting to Higher strikes in Put Options as well as Call Options very quickly. As seen today, 5600 Jul Put Option, 5700 Jul Put option & 5400 Jul Put has reduced the maximum open interest & on the Call side, 5900 Jul Call Option & 5800 Jul Call Option has reduced the maximum Open interest & shifted to Higher strike in put options & Higher strikes in call options, this means sentiments are getting more bullish. In today's session, the movements on Derivatives front were very volatile. For next trading session, 6000 level will be a crucial level to watch for, 5800 will be the strong support level. On the upside, 6100 level will be acting as a Major resistance. Traders are advice to watch for 6000 level, on the Down side, if Nifty Hold below this level, then a dip down might be seen. If it manages to sustain above this level, then rally up might be seen in Nifty. Strict Stop-loss should be considered while taking any position in Stock Market.


Now move on as per current data......
Courtesy: Tanya