Thursday, September 29, 2016

Option Open Interest for 29-09-2016

Inference
The index opened positive and went on to touch 8800, but saw huge sell-off to close weak at 8591.25, huge loss of 153.90 points. The broader market was weak with 126 advances to 1532 declines. Range at the start of series 8400-9000.
  • Call option 8000-9300 added huge 55.46 lacs OI.
  • Put option 8600-8000 added 52.53 lacs OI with short covering at 8700 and above strike prices.
  • Nifty Open Interest is at 2,38,23,600 up by 60,34,575 with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 18,78,000 up by 7,75,200 with decrease in price, 100% roll-over with huge short build-up.
  • FII’s bought 13804 contracts of Index Futures, which includes net 154523 contracts long liquidation and 56871 contracts short covering, with decrease in net OI by 211394 contracts, includes 152766 longs to 138962 shorts for the day.
  • FII’s Index future open contract as on date is 245091 Longs to 34363 Shorts, Net long 210728 contracts.
  • Initial support at 8600, with OI of 29.72 lacs and below that at 8500 with OI of 29.54 lacs.
  • Initial resistance at 8700, with OI of 16.92 lacs and above that at 8800 with OI of 24.31 lacs.
  • Day Range as per Option Table is 8561 - 8717 and as per VIX is 8508 - 8674 with 8650 as the Pivot.
India VIX : 18.45 up by 4.60 points
Call OI : 27525675
Put OI : 27122475
PCR OI : 0.9854
SMR : 18.72 (Bearish : New series has started with the Bears in control, though near the best possible support range of 8600-8500, resistance at 9000...)


Wednesday, September 28, 2016

Option Open Interest for 28-09-2016

Inference
The index opened flat but moved up with each passing hour to close at 8745.15, gain of 38.75 points. The broader market was strong with 1037 advances to 583 declines. Range for expiry 8700-8800.
  • Call option did not add any OI, whereas short covering was seen at 8800 and below strike prices.
  • Put option 8700-8300 added 18.22 lacs OI with short covering at 8900 and above strike prices.
  • Nifty Open Interest is at 1,72,71,300 down by 33,24,525, whereas Oct series added 40.35 lacs with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 12,17,800 down by 5,73,360, whereas Oct series added 2.96 lacs with increase in price, small roll-over with huge short covering.
  • FII’s bought 2717 contracts of Index Futures, which includes net 7987 contracts long build-up and 5270 contracts short build-up, with increase in net OI by 13257 contracts, includes 79693 longs to 76976 shorts for the day.
  • FII’s Index future open contract as on date is 399614 Longs to 91234 Shorts, Net long 308380 contracts.
  • Initial support at 8700, with OI of 58.01 lacs and below that at 8600 with OI of 54.07 lacs.
  • Initial resistance at 8800, with OI of 46.39 lacs and above that at 8900 with OI of 44.47 lacs.
  • Day Range as per Option Table is 8682 - 8799 and as per VIX is 8682 - 8812 with 8738 as the Pivot.
India VIX : 13.85 down by 0.40 points
Call OI : 33935475
Put OI : 45784200
PCR OI : 1.3492
SMR : 10.27 (Neutral to Bullish : The range for expiry has boiled down to 8700-8800 with bulls having a nice edge, expiry could happen near the extremes...)


Tuesday, September 27, 2016

Option Open Interest for 27-09-2016

Inference
The index opened up but was unable to sustain the highs and closed weak at 8706.40, loss of 16.65 points. The broader market was weak with 687 advances to 928 declines. Range stays at 8500-9000.
  • Call option 8600-8800 added 8.31 lacs OI with profit booking at 8900 and above strike prices.
  • Put option 8600 added 1.73 lacs OI with short covering at 8800 and above strike prices.
  • Nifty Open Interest is at 2,05,95,825 down by 43,96,050, whereas Oct series added 49.83 lacs with decrease in price, 100% roll-over with some short build-up.
  • Bank Nifty Open Interest is at 17,91,160 down by 1,49,920, whereas Oct series added 2.64 lacs with decrease in price, 100% roll-over with some short build-up.
  • FII’s sold 6185 contracts of Index Futures, which includes net 9050 contracts long build-up and 15235 contracts short build-up, with increase in net OI by 24285 contracts, includes 127265 longs to 133450 shorts for the day.
  • FII’s Index future open contract as on date is 391627 Longs to 85964 Shorts, Net long 305663 contracts.
  • Initial support stays at 8700, with OI of 42.81 lacs and below that at 8600 with OI of 53.33 lacs.
  • Initial resistance at 8800, with OI of 52.91 lacs and above that at 8900 with OI of 47.71 lacs.
  • Day Range as per Option Table is 8657 - 8779 and as per VIX is 8641 - 8771 with 8722 as the Pivot.
India VIX : 14.25 down by 0.32 points
Call OI : 37134000
Put OI : 44200350
PCR OI : 1.1903
SMR : 11.97 (Bearish : The Bears have more or less made sure of an expiry below 8800, the range for the next 2 days could be 8650-8800, Sell on rise...)