CNX Nifty – Active Options Open Interest EOD – 02-09-2014
Click the following link for CNX Nifty – Active Options Open Interest EOD of the previous trading day.
CNX Nifty – Active Options Open Interest EOD charts are based on the Nifty Options chain data collected from the National Stock Exchange website at the end of the particular trading day.
Fisrt Chart :
The total Open Interest At the active Stike prices of Nifty Index Call options and Put Options. As per Options theory, market participants usually write (sell) options so going as per that theory we can estimate the range of Nifty Index. Support is considered to be the Strike price with highest Open Interest buildup in Put Option and Resistance is considered to be the Strike price with highest Open Interst buildup in Call Option.
Second Chart :
The change of Open Interest ie:, Call addition, Call Liquidation, Put Addition and Put Liquidation at various active Strike prices of Nifty Index Options at the end of the particular trading day.
Third Chart :
Its very similar to the first chart but a graphical presentation of the Open interest of Call and Put option clubbed together and the PCR (Put to Call Ratio) marked for that particular Strike price. Theoretically, the Strike price having a PCR higher then 1 is meant to be the immediate support and PCR of less then 0.80 is considered as immediate resistance. Though there is no profound theory to it that PCR can predict a Top or Bottom but its a useful tool to be used to determine the imeediate supports and resistances.