Sunday, August 31, 2014

Option Open Interest for 28-08-2014

Inference
The index opened flat around 7942, and stayed within a very narrow range of just 28.60 points with volatility at the minimum and closed just above 7950 at 7954.35, gain of 18.30 points. This is the highest Daily, Weekly and Monthly close till date. The broader market though was negative, with 679 advances to 849 declines. The initial range at start of series comes to 7800-8200.
  • Call option 7400-8500 added huge 55.55 lacs OI.
  • Put option 8200-7400 added huge 42.30 lacs OI with small addition at 8500 strike price.
  • Nifty Open Interest is at 1,59,51,200 up by 50,81,000, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 16,13,725 up by 5,28,725, with increase in price, probably huge long build-up.
  • FII’s bought huge 10.46 lacs Futures, which includes 2028 contracts long build-up and 70163 contracts short covering, with decrease in net OI by 68135 contracts (includes 155744 longs to 134820 shorts for the day) and the average price per contract comes to around 7979.99.
  • FII’s Index future open contract as on date is 238845 Longs to 41850 Shorts, net long 196995 contracts.
  • PCR Open Interest (Volume) at start of series is just below 1 at 0.961.
  • Initial and best support at 7900, with huge OI of 34.95 lacs and below that at 7800 with OI of 28.8 lacs.
  • Initial and best resistance at 8000, with highest OI of 36.50 lacs and above that at 8100 with huge OI of 36.29 lacs.
  • Day Range as per Option Table is 7910 - 7997 and as per VIX is 7900 - 8009 with 7954 as the Pivot.
Option Call for 01-09-2014
Buy Nifty 8000CE above 102 for targets of 109, 118 SL - 96
Buy Nifty 7900PE above 74 for targets of 80, 85 SL - 69

India VIX : 13.07 up by 0.01 points
Call OI : 22884650
Put OI : 22001600
PCR OI : 0.961
SMR : 13.59 (Bullish: New series has started with PCR just below 1, but Option OI well distributed from 7800-8200 region with resistance building up around 8000-8100 level...)

Wednesday, August 27, 2014

Option Open Interest for 27-08-2014

Inference
The index opened strong above 7930, and went on to stay within a narrow range of 20 points for the better part of the day, with only dip towards the lows strongly grabbed by the Buyers. The index closed at all-time high at 7936.05, gain of 31.30 points. The broader market though was also positive, with 852 advances to 695 declines. The range for Expiry boils down to 7890-8000.
  • Call option 8000 added huge 6.81 lacs OI with short covering seen at 7900 and below strike prices.
  • Put option 8000-7900 added huge 12.87 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 88,54,000 down by 16,57,100, whereas Sep Series added 42.72 lacs with increase in price, 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 14,11,475 down by 1,89,500, whereas Sep Series added 3.32 lacs with increase in price, 100% rollover with huge long build-up.
  • FII’s bought huge 5.38 lacs Futures, which includes 31663 contracts long build-up and 20908 contracts short build-up, with increase in net OI by 52571 contracts (includes 148818 longs to 138063 shorts for the day) and the average price per contract comes to around 7946.50.
  • FII’s Index future open contract as on date is 236817 Longs to 112013 Shorts, net long 124804 contracts.
  • PCR Open Interest (Volume) is at 1.317.
  • Initial and best support at 7900, with huge OI of 59.60 lacs.
  • Initial and best resistance at 8000, with highest OI of 1.04 crore.
  • Day Range as per Option Table is 7886 - 7983 and as per VIX is 7882 - 7990 with 7933 as the Pivot.
Preview of September Option Table
Option Call for 28-08-2014
Buy Nifty 7900CE above 39 for targets of 53, 68 SL - 35
Buy Nifty 7950PE above 31 for targets of 40, 51 SL - 26

India VIX : 13.06 down by 0.84 points
Call OI : 33833550
Put OI : 44546000
PCR OI : 1.317
SMR : 9.92 (Bullish: The Index tested both ends of the range in the last 2 days, with a close near the higher side paving the way for a most probable Expiry above 7950...)

Tuesday, August 26, 2014

Option Open Interest for 26-08-2014

Inference
The index opened weak below 7900, but went up to touch the highs of the day at 7915 within the first hour of trade only to be sold off to the lows of the day around 7862. The responsive buyer took control and moved the index in green but was adjusted at 7904.75, loss of just 1.55 points. The broader market though was very weak, with 516 advances to 1045 declines. The range till Expiry has narrowed down to 7800-8000.
  • Call option 7900 added huge 10.66 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7800 added 1.95 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,05,11,100 down by 23,21,650, whereas Sep Series added 23.94 lacs with small decrease in price, 100% rollover with small short build-up.
  • Bank Nifty Open Interest is at 16,00,975 down by 2,29,300, whereas Sep Series added 1.76 lacs with decrease in price, mostly rollover with huge long liquidation.
  • FII’s bought 3.36 lacs Futures, which includes 3768 contracts long build-up and 2951 contracts short covering, with increase in net OI by 817 contracts (includes 121341 longs to 114622 shorts for the day) and the average price per contract comes to around 7909.19.
  • FII’s Index future open contract as on date is 205154 Longs to 91105 Shorts, net long 114049 contracts.
  • PCR Open Interest (Volume) is at 1.252.
  • Initial and best support at 7800, with huge OI of 64.20 lacs.
  • Initial resistance at 7900, with huge OI of 60.09 lacs and above that at 8000 with highest OI of 97.52 lacs.
  • Day Range as per Option Table is 7845 - 7947 and as per VIX is 7847 - 7962 with 7894 as the Pivot.
Option Call for 27-08-2014
Buy Nifty 7900CE above 31 for targets of 44, 56 SL - 26
Buy Nifty 7900PE above 31 for targets of 40, 54 SL - 27

India VIX : 13.90 up by 0.11 points
Call OI : 35975750
Put OI : 45055200
PCR OI : 1.252
SMR : 11.10 (Bullish: Nifty went to touch the lower part of range specified yesterday but came back to close near the Pivot of 7900, can we see the higher part of range tested tomorrow, 7900 still is the best level for Expiry...)

Monday, August 25, 2014

Option Open Interest for 25-08-2014

Inference
The index opened above all time high and stayed strong to make new highs with each passing hour, but huge profit booking during the last hour of trade saw the index nose-dive and close in the Red at 7906.30, a small loss of 6.90 points. The broader market was also negative, with 588 advances to 974 declines. Range has narrowed down to 7800-8000.
  • Call option 8000 added huge 8.64 lacs OI with short covering seen at 7800 and lower strike prices.
  • Put option 8000-7900 added huge 7.85 lacs OI with profit booking seen at 7800 and lower strike prices.
  • Nifty Open Interest is at 1,28,32,750 down by 15,33,550, whereas Sep Series added 11.78 lacs with small decrease in price, mostly rollover with small long liquidation.
  • Bank Nifty Open Interest is at 18,30,275 down by 2,55,325, whereas Sep Series added 2.25 lacs with huge decrease in price, mostly rollover with small long liquidation.
  • FII’s bought 2.38 lacs Futures, which includes 379 contracts long build-up and 4379 contracts short covering, with decrease in net OI by 4000 contracts (includes 78207 longs to 73449 shorts for the day) and the average price per contract comes to around 7911.92.
  • FII’s Index future open contract as on date is 201386 Longs to 94056 Shorts, net long 107330 contracts.
  • PCR Open Interest (Volume) is at 1.259.
  • Initial support at 7900, with huge OI of 54.86 lacs, whereas next support is at 7800 with huge OI of 62.25 lacs.
  • Initial and best resistance at 8000, with highest OI of 99.15 lacs.
  • Day Range as per Option Table is 7867 - 7973 and as per VIX is 7849 - 7963 with 7924 as the Pivot.
Option Call for 26-08-2014
Buy Nifty 7900CE above 59 for targets of 77, 105 SL - 53
Buy Nifty 8000PE above 92 for targets of 110, 129 SL - 80

India VIX : 13.79 up by 0.17 points
Call OI : 37790300
Put OI : 47563350
PCR OI : 1.259
SMR : 10.96 (Bullish: So as said Higher Level profit booking saw the index close in red, but still above 7900 and looking at option table, the index may stay within a range of 7840-7960 for the next two days...)

Sunday, August 24, 2014

Option Open Interest for 22-08-2014

Inference
The index opened just above 7900 and stayed in a very narrow range of just 29 points for the entire session of trade not falling below 7900 to close at 7913.20, a small gain of 22.10 points. On a week on week basis the index gained 121.50 points or approx 1.56%. The broader market though was negative, with 746 advances to 806 declines. Range has narrowed down to 7800-8000.
  • Call option 8100 added huge 6.84 lacs OI with short covering seen at 7900 and lower strike prices.
  • Put option 8000-7900 added huge 6.91 lacs OI with profit booking seen at 7800 and lower strike prices.
  • Nifty Open Interest is at 1,43,66,300 down by 3,17,450, whereas Sep Series added 4.61 lacs with small increase in price, 100% rollover with small long addition.
  • Bank Nifty Open Interest is at 20,85,600 up by 59,400, whereas Sep Series added 0.71 lacs with huge increase in price, mostly long addition in both series.
  • FII’s bought huge 5.64 lacs Futures, which includes 9621 contracts long build-up and 1664 contracts short covering, with increase in net OI by 7957 contracts (includes 47675 longs to 36390 shorts for the day) and the average price per contract comes to around 7928.72.
  • FII’s Index future open contract as on date is 201007 Longs to 98435 Shorts, net long 102572 contracts.
  • PCR Open Interest (Volume) is at 1.255.
  • Initial and best support at 7800, with huge OI of 71.01 lacs, whereas next support is at 7700 with huge OI of 69.65 lacs.
  • Initial and best resistance at 8000, with highest OI of 90.51 lacs.
  • Day Range as per Option Table is 7861 - 7967 and as per VIX is 7857 - 7970 with 7914 as the Pivot.
Option Call for 25-08-2014
Buy Nifty 7900CE above 59 for targets of 69, 79 SL - 54
Buy Nifty 8000PE above 93 for targets of 102, 116 SL - 87

India VIX : 13.62 down by 0.11 points
Call OI : 38849200
Put OI : 48738200
PCR OI : 1.255
SMR : 10.86 (Bullish: The index closed above 7900 for the first time, with the PE writers mostly in command, best and only resistance till expiry is at 8000. Profit booking at higher levels may emerge...)

Thursday, August 21, 2014

Option Open Interest for 21-08-2014

Inference
The index opened flat, but saw buying interest to move towards the highs of the day at 7820, but profit booking from higher levels pushed Nifty to the lows of the day around 7856. Some buying interest at lower levels saw the index close at 7891.10, a small gain of 15.80 points. The broader market was also positive, with 835 advances to 698 declines. Range still at 7700-8000.
  • Call option 7900-8200 added huge 13.30 lacs OI with short covering seen at 7800 and lower strike prices.
  • Put option 8000-7800 added huge 11.35 lacs OI with profit booking seen at 7700 and lower strike prices.
  • Nifty Open Interest is at 1,46,83,750 down by 3,85,750, whereas Sep Series added 3.13 lacs with small increase in price, mostly rollover with short covering.
  • Bank Nifty Open Interest is at 20,26,200 up by 1,50,175, whereas Sep Series added 0.77 lacs with huge increase in price, mostly long addition in both series.
  • FII’s sold 2.00 lacs Futures, which includes 958 contracts long liquidation and 3050 contracts short addition, with increase in net OI by 2092 contracts (includes 40201 longs to 44209 shorts for the day) and the average price per contract comes to around 7895.80.
  • FII’s Index future open contract as on date is 191386 Longs to 100099 Shorts, net long 91287 contracts.
  • PCR Open Interest (Volume) has moved a bit down to 1.297.
  • Initial and super support at 7800, with huge OI of 73.20 lacs, whereas best support is at 7700 with huge OI of 76.05 lacs.
  • Initial resistance still at 7900, with huge OI of 55.89 lacs, whereas best resistance at 8000 with highest OI of 92.29 lacs.
  • Day Range as per Option Table is 7832 - 7945 and as per VIX is 7834 - 7948 with 7889 as the Pivot.
Option Call for 22-08-2014
Buy Nifty 7900CE above 53 for targets of 65, 88 SL - 47
Buy Nifty 7900PE above 51 for targets of 65, 82 SL - 45

India VIX : 13.73 up by 0.07 points
Call OI : 38456400
Put OI : 49890150
PCR OI : 1.297
SMR : 10.58 (Bullish: The Index for the third day in a row went above 7900 but closed just below it, with huge tussle going on around 7900 level, a gap-up may seal it for the Bulls or else range bound volatile moves will be order of the day...)

Wednesday, August 20, 2014

Option Open Interest for 20-08-2014

Inference
The index opened positive near the highs of the day around 7916, but was not able to sustain the highs and closed near the lows of the day at 7875.30, a small loss of 22.20 points. The broader market though was positive, with 861 advances to 688 declines. Range still at 7700-8000.
  • Call option 7900-8200 added huge 10.50 lacs OI with short covering seen at 7800 and lower strike prices.
  • Put option 7900 added 1.78 lacs OI with profit booking seen at 7800 and lower strike prices.
  • Nifty Open Interest is at 1,50,69,500 down by 1,58,850, whereas Sep Series added 1.19 lacs with small decrease in price, mostly rollover with small long liquidation.
  • Bank Nifty Open Interest is at 18,76,025 down by 57,100, whereas Sep Series added 0.30 lacs with decrease in price, mostly rollover with long liquidation.
  • FII’s bought 3.52 lacs Futures, which includes 2777 contracts long build-up and 4255 contracts short covering, with decrease in net OI by 1478 contracts (includes 34039 longs to 27007 shorts for the day) and the average price per contract comes to around 7874.40.
  • FII’s Index future open contract as on date is 192344 Longs to 97049 Shorts, net long 95295 contracts.
  • PCR Open Interest (Volume) is still at 1.339.
  • Initial and very good support at 7800, with huge OI of 66.09 lacs, whereas best support is at 7700 with huge OI of 77.25 lacs.
  • Initial resistance at 7900, with huge OI of 53.08 lacs, whereas best resistance at 8000 with highest OI of 87.81 lacs.
  • Day Range as per Option Table is 7825 - 7941 and as per VIX is 7819 - 7932 with 7887 as the Pivot.
Option Call for 21-08-2014
Buy Nifty 7900CE above 53 for targets of 60, 70 SL - 48
Buy Nifty 7900PE above 59 for targets of 67, 76 SL - 54

India VIX : 13.66 down by 0.25 points
Call OI : 36958500
Put OI : 49499900
PCR OI : 1.339
SMR : 10.20 (Bullish: The Index for the second day opened above 7900 but unable to sustain above it, may see some range bound move within 7800-8000 range, stay cautious at higher levels...)

Tuesday, August 19, 2014

Option Open Interest for 19-08-2014

Inference
The index opened positive just above 7900, and stayed in a narrow range of 37 points for the entire session of trade with positive bias and closed just below 7900 at 7897.50, gain of 23.25 points. The broader market was also positive, with 934 advances to 602 declines. Range still at 7700-8000.
  • Call option 7900-8200 added huge 23.66 lacs OI with short covering seen at 7800 and lower strike prices.
  • Put option 8000-7700 added huge 38.48 lacs OI with profit booking seen at 7600 and lower strike prices.
  • Nifty Open Interest is at 1,52,28,350 up by 1,93,850, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 19,33,125 up by 66,950, with increase in price, most probably huge long build-up.
  • FII’s bought huge 5.71 lacs Futures, which includes 9083 contracts long build-up and 2333 contracts short covering, with increase in net OI by 6750 contracts (includes 51853 longs to 40437 shorts for the day) and the average price per contract comes to around 7892.12.
  • FII’s Index future open contract as on date is 189567 Longs to 101304 Shorts, net long 88263 contracts.
  • PCR Open Interest (Volume) is still at 1.416.
  • Initial and super support now at 7800, with huge OI of 69.13 lacs, whereas next support is at 7700 with huge OI of 78.92 lacs.
  • Initial resistance still at 7900, with huge OI of 52.32 lacs, whereas best resistance at 8000 with highest OI of 84.26 lacs.
  • Day Range as per Option Table is 7837 - 7958 and as per VIX is 7840 - 7955 with 7899 as the Pivot.
Option Call for 20-08-2014
Buy Nifty 7900CE above 62 for targets of 70, 79 SL - 58
Buy Nifty 7900PE above 55 for targets of 63, 73 SL - 49

India VIX : 13.91 up by 0.41 points
Call OI : 35912000
Put OI : 50840100
PCR OI : 1.416
SMR : 9.83 (Bullish: After 2 days of huge up-move it was a perfect consolidation with the PE writers adding huge at 7900-7800 level, but best resistance is at 8000, stay cautious at higher levels...)

Monday, August 18, 2014

Option Open Interest for 18-08-2014

Inference
The index opened flat to negative just below 7800 but saw huge buying interest from the morning itself to move higher and higher with each passing hour. The index closed near the highs of the day just below 7900 at 7874.25, a huge gain of 82.55 points. The broader market was also very strong, with 1118 advances to 426 declines. Range has moved up to 7700-8000.
  • Call option 7900-8100 added huge 4.60 lacs OI with short covering seen at 7800 and lower strike prices.
  • Put option 8000-7500 added huge 47.56 lacs OI with profit booking seen at 7400 and below strike price.
  • Nifty Open Interest is at 1,50,34,500 up by 6,41,100, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 18,66,175 up by 2,38,075, with increase in price, most probably huge long build-up.
  • FII’s bought 2.77 lacs Futures, which includes 6980 contracts long build-up and 1446 contracts short build-up, with increase in net OI by 8426 contracts (includes 52678 longs to 47144 shorts for the day) and the average price per contract comes to around 7858.15.
  • FII’s Index future open contract as on date is 180484 Longs to 103637 Shorts, net long 76847 contracts.
  • PCR Open Interest (Volume) has galloped to 1.418.
  • Initial support now at 7800, with huge OI of 59.06 lacs, whereas next support at 7700 with huge OI of 72.32 lacs.
  • Initial resistance at 7900, with huge OI of 51.42 lacs, whereas best resistance still at 8000 with huge OI of 72.84 lacs.
  • Day Range as per Option Table is 7788 - 7914 and as per VIX is 7819 - 7930 with 7845 as the Pivot.
Option Call for 19-08-2014
Buy Nifty 7800CE above 107 for targets of 127, 155 SL - 89
Buy Nifty 7900PE above 94 for targets of 119, 153 SL - 89

India VIX : 13.50 up by 0.28 points
Call OI : 34284950
Put OI : 48625550
PCR OI : 1.418
SMR : 9.52 (Bullish: The PE writers are on steroid, with huge addition now at 7900-7700 Level, Holding 7800, more highs possible, but stay cautious at higher levels as the index is in unchartered territory...)

Sunday, August 17, 2014

Option Open Interest for 14-08-2014

Inference
The index opened positive just above 7756 and stayed positive for the entire session of trade to close near the highest point missing 7800 by a whisker at 7791.70, a huge gain of 52.15 points. On a week on week basis the index gained 223.15 points or approx 2.95%. The broader market was also strong, with 927 advances to 619 declines. Range for the time being at 7600-8000.
  • Call option 7900-8100 added huge 6.73 lacs OI with short covering seen at 7700 and lower strike prices.
  • Put option 7900-7700 added huge 33.35 lacs OI with profit booking seen at 7500 and below strike price.
  • Nifty Open Interest is at 1,43,93,400 up by 2,59,250, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 16,28,100 up by 38,550, with increase in price, most probably long build-up.
  • FII’s bought huge 7.74 lacs Futures, which includes 9643 contracts long build-up and 5835 contracts short covering, with increase in net OI by 15478 contracts (includes 54348 longs to 38870 shorts for the day) and the average price per contract comes to around 7772.96.
  • FII’s Index future open contract as on date is 173504 Longs to 102191 Shorts, net long 71313 contracts.
  • PCR Open Interest (Volume) is at the highs of the series at 1.246.
  • Initial and very good support at 7700, with huge OI of 62.89 lacs, whereas best support at 7600 with highest OI of 72.91 lacs.
  • Initial resistance still at 7800, with huge OI of 52.78 lacs, whereas best resistance still at 8000 with huge OI of 72.72 lacs.
  • Day Range as per Option Table is 7719 - 7842 and as per VIX is 7738 - 7846 with 7776 as the Pivot.
Option Call for 18-08-2014
Buy Nifty 7800CE above 68 for targets of 77, 87 SL - 62
Buy Nifty 7800PE above 77 for targets of 91, 113 SL - 69

India VIX : 13.22 down by 0.54 points
Call OI : 35136850
Put OI : 43776900
PCR OI : 1.246
SMR : 10.61 (Bullish: The Bulls have more or less taken over 7700 and now is the base for the next up-move, whereas Nifty is near the top of the range, stay cautious at higher levels...)

Wednesday, August 13, 2014

Option Open Interest for 13-08-2014

Inference
The index opened flat to negative and stayed in a narrow range but saw some profit booking around noon. The buyers came back to move the index in green and closed positive at 7739.55, a small gain of 12.50 points. The broader market though was very weak, with just 352 advances to 1202 declines. Range for the time being at 7600-8000.
  • Call option 7800-8000 added huge 7.04 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7800-7700, 7500-7400 added huge 17.77 lacs OI with profit booking seen at 7300 and below strike price.
  • Nifty Open Interest is at 1,41,34,150 up by 12,75,850, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 15,89,550 up by 33,275, with decrease in price, most probably short build-up.
  • FII’s bought huge 9.23 lacs Futures, which includes 27460 contracts long build-up and 9005 contracts short build-up, with increase in net OI by 36465 contracts (includes 61118 longs to 42663 shorts for the day) and the average price per contract comes to around 7707.57.
  • FII’s Index future open contract as on date is 163861 Longs to 108026 Shorts, net long 55835 contracts.
  • PCR Open Interest (Volume) is near the highs of the series at 1.148.
  • Initial support at 7700, with huge OI of 50.32 lacs, whereas best support at 7600 with huge OI of 72.64 lacs.
  • Initial and good resistance at 7800, with huge OI of 53.71 lacs, whereas best resistance still at 8000 with highest OI of 72.83 lacs.
  • Day Range as per Option Table is 7668 - 7797 and as per VIX is 7684 - 7795 with 7731 as the Pivot.
Option Call for 14-08-2014
Buy Nifty 7700CE above 103 for targets of 122, 144 SL - 95
Buy Nifty 7700PE above 62 for targets of 73, 88 SL - 57

India VIX : 13.76 up by 0.29 points
Call OI : 35045150
Put OI : 40241400
PCR OI : 1.148
SMR : 11.98 (Bullish: After a huge up-move, it was consolidation within a narrow range but the Bulls added huge OI at 7700PE level, Buy the Dips till the Level is Held...)

Tuesday, August 12, 2014

Option Open Interest for 12-08-2014

Inference
The index opened strong just below 7700 level and stayed in a narrow range for the better part of the only to see huge short covering rally in last hour to close near the highs of the day at 7727.05, a huge gain of 101.10 points. The broader market was just positive, with 854 advances to 655 declines. Range for the time being at 7600-8000.
  • Call option 7800, 8000 added huge 5.69 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 7800-7600 added huge 40.20 lacs OI with profit booking seen at 7500 and below strike price.
  • Nifty Open Interest is at 1,28,58,300 up by 3,43,200, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 15,56,275 up by 26,475, with increase in price, most probably long build-up.
  • FII’s bought huge 18.11 lacs Futures, which includes 10668 contracts long build-up and 25546 contracts short covering, with decrease in net OI by 14878 contracts (includes 72804 longs to 36590 shorts for the day) and the average price per contract comes to around 7718.38.
  • FII’s Index future open contract as on date is 136401 Longs to 99021 Shorts, net long 37380 contracts.
  • PCR Open Interest (Volume) has managed to move above 1 and now at 1.109.
  • Initial support at 7700, with huge OI addition of 14.60 lacs for the day whereas best support at 7600 with highest OI of 74.43 lacs.
  • Initial and good resistance at 7800, with huge OI of 53.46 lacs, whereas best resistance still at 8000 with OI of 70.03 lacs.
  • Day Range as per Option Table is 7644 - 7781 and as per VIX is 7673 - 7782 with 7706 as the Pivot.
Option Call for 13-08-2014
Buy Nifty 7700CE above 103 for targets of 121, 138 SL - 91
Buy Nifty 7700PE above 71 for targets of 87, 107 SL - 67

India VIX : 13.47 down by 0.53 points
Call OI : 34559350
Put OI : 38328800
PCR OI : 1.109
SMR : 12.15 (Bullish: Bulls got the desired follow-up and raced up above 7700 level with ease, with 7600 level now having the highest OI, all dips to be bought till the level is held...)

Monday, August 11, 2014

Option Open Interest for 11-08-2014

Inference
The index opened strong above 7600 and stayed well over it for the entire session of trade to close near the high at 7625.95, a huge gain of 57.40 points. The broader market was also strong, with 933 advances to 607 declines. Range for the time being still at 7500-8000.
  • Call option 7800-8100 added huge 19.65 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 7700-7200 added huge 17.25 lacs OI with profit booking seen at 7100 and below strike price.
  • Nifty Open Interest is at 1,25,15,100 up by 3,12,100, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 15,29,800 down by 35,775, with increase in price, most probably short covering.
  • FII’s bought 2.16 lacs Futures, which includes 3234 contracts long build-up and 1077 contracts short covering, with increase in net OI by 2157 contracts (includes 31564 longs to 27253 shorts for the day) and the average price per contract comes to around 7610.27.
  • FII’s Index future open contract as on date is 125733 Longs to 124567 Shorts, net long 1166 contracts.
  • PCR Open Interest (Volume) is still below 1 at 0.929.
  • Initial support at 7600, with huge OI of 53.00 lacs whereas best support at 7500 with OI of 57.34 lacs.
  • Initial resistance now at 7700, with huge OI of 40.84 lacs, whereas best resistance still at 8000 with highest OI of 65.86 lacs.
  • Day Range as per Option Table is 7557 - 7691 and as per VIX is 7570 - 7682 with 7620 as the Pivot.
Option Call for 12-08-2014
Buy Nifty 7600CE above 106 for targets of 116, 130 SL - 99
Buy Nifty 7600PE above 74 for targets of 83, 97 SL - 69

India VIX : 14.00 down by 0.62 points
Call OI : 36524100
Put OI : 33930950
PCR OI : 0.929
SMR : 15.07 (Neutral: Though the index closed in green but need a follow-up action tomorrow for the Bulls to be back in business, till then its balanced around the centre point of the range...)