Sunday, August 28, 2016

Option Open Interest for 26-08-2016

Inference
The index opened positive but saw short build-up from the onset to the lows of the day around 8547 but closed marginally higher but still in red at 8572.55, loss of 19.65 points. The broader market was weak with 577 advances to 1019 declines. Range at the start of the series now at 8400-9000.
  • Call option 8400-9100 added 34.40 lacs OI with profit booking at 9200 and above strike prices.
  • Put option 8800-8000 added huge 53.38 lacs OI with short covering at 9000 strike price.
  • Nifty Open Interest is at 2,72,99,175 up by 9,17,475, with increase in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 20,58,520 up by 68,320, with decrease in price, probably short build-up.
  • FII’s bought 15864 contracts of Index Futures, which includes net 12321 contracts long build-up and 3543 contracts short covering, with increase in net OI by 8778 contracts, includes 33406 longs to 17542 shorts for the day.
  • FII’s Index future open contract as on date is 315157 Longs to 37518 Shorts, Net long 277639 contracts.
  • Initial and best support at 8500, with OI of 48.54 lacs and below that at 8400 with OI of 44.41 lacs.
  • Initial resistance at 8700, with OI of 35.45 lacs and above that at 9000 with OI of 41.01 lacs.
  • Day Range as per Option Table is 8526 - 8637 and as per VIX is 8512 - 8633 with 8581 as the Pivot.
India VIX : 13.57 up by 0.28 points
Call OI : 31548675
Put OI : 34397250
PCR OI : 1.0903
SMR : 12.45 (Neutral : The Option Table stays neutral with strong support building up around 8500 level, upside resistance of note only around 9000...)


Friday, August 26, 2016

Option Open Interest for 25-08-2016

Inference
The index opened positive and went on to make the highs of the day at 8683 within the first few minutes but profit booking from thereon saw the index close at 8592.20, loss of 58.10 points. The broader market was negative with 640 advances to 942 declines. Range at the start of the series comes to 8300-9000.
  • Call option 8000-9300 added 39.68 lacs OI.
  • Put option 9000-8000 added 35.72 lacs OI with profit booking at 8500 strike price.
  • Nifty Open Interest is at 2,63,81,700 up by 50,56,800, with decrease in price, probably 100% roll-over with short build-up.
  • Bank Nifty Open Interest is at 19,90,200 up by 6,43,440, with decrease in price, mostly roll-over with some long liquidation.
  • FII’s bought 14117 contracts of Index Futures, which includes net 22955 contracts long liquidation and 47948 contracts short covering, with decrease in net OI by 70903 contracts, includes 104749 longs to 90632 shorts for the day.
  • FII’s Index future open contract as on date is 302836 Longs to 41061 Shorts, Net long 261775 contracts.
  • Initial support at 8600, with OI of 26.86 lacs and below that at 8500 with OI of 35.30 lacs.
  • Initial resistance at 8700, with OI of 28.97 lacs and above that at 9000 with OI of 37.95 lacs.
  • Day Range as per Option Table is 8559 - 8666 and as per VIX is 8532 - 8652 with 8620 as the Pivot.
India VIX : 13.29 down by 0.20 points
Call OI : 27938100
Put OI : 28576800
PCR OI : 1.0229
SMR : 12.99 (Neutral : New series starts with a huge range of 8300-9000, with Neutral Bias, could see some trending moves in the coming days...)

Wednesday, August 24, 2016

Option Open Interest for 24-08-2016

Inference
The index opened positive and stayed in a small range of just 40 points and closed making a DOJI candle at 8650.30, gain of 17.70 points. The broader market was positive with 948 advances to 651 declines. Range for expiry at 8550-8750.
  • Not much Call option addition with short covering at 8600 and below strike prices.
  • Put option 8650-8600, 8400 added 11.75 lacs OI with profit booking at 8500 and below strike prices.
  • Nifty Open Interest is at 92,94,825 down by 30,56,550, whereas next series added 29.80 lacs with no change in price, mostly roll-over with small short covering.
  • Bank Nifty Open Interest is at 14,56,240 down by 3,53,880, whereas next series added 2.75 lacs with increase in price, mostly roll-over with some short covering.
  • FII’s sold 4370 contracts of Index Futures, which includes net 3520 contracts long build-up and 7890 contracts short build-up, with increase in net OI by 11410 contracts, includes 90120 longs to 94490 shorts for the day.
  • FII’s Index future open contract as on date is 329311 Longs to 96899 Shorts, Net long 232412 contracts.
  • Initial support stays at 8600, with OI of 47.44 lacs and below that at 8500 with OI of 45.57 lacs.
  • Initial resistance at 8700, with OI of 62.35 lacs and above that at 8800 with OI of 66.35 lacs.
  • Day Range as per Option Table is 8595 - 8695 and as per VIX is 8589 - 8711 with 8644 as the Pivot.
India VIX : 13.49 down by 0.41 points
Call OI : 35773425
Put OI : 37370250
PCR OI : 1.0446
SMR : 12.91 (Bullish : Expiry has boiled down to 8600-8700 range, and possibility of extremes to be tested tomorrow with small edge to the Bulls...)