Thursday, October 30, 2014

Option Open Interest for 30-10-2014

Inference
The index opened flat but saw buyer interest from the morning itself to move Nifty up with each passing hour. A small dip towards dying minutes saw huge shorts covering to show all time high only to close a bit lower at 8169.20, huge gain of 78.75 points. The broader market was also positive, with 833 advances to 691 declines. Initial range developing for the series is 8000-8400.
  • Call option 8000-8600 added huge 38.86 lacs OI.
  • Put option 8500-7500 added huge 62.53 lacs OI.
  • Nifty Open Interest is at 1,85,76,200 up by 43,48,850, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 18,33,725 up by 6,17,025, with increase in price, probably huge long build-up.
  • FII’s bought huge 15.66 lacs Futures, which includes 78711 contracts long liquidation and 76494 contracts short covering, with decrease in net OI by 155205 contracts (includes 143913 longs to 112584 shorts for the day) and the average price per contract comes to around 8227.83.
  • FII’s Index future open contract as on date is 296514 Longs to 42926 Shorts, net long 253588 down by 2217 contracts.
  • Initial support at 8100, with huge OI addition of 12.68 lacs and below that at 8000 with huge OI of 40.22 lacs.
  • Initial resistance at 8200, with OI of 24.73 lacs and above that at 8300 with OI of 24.74 lacs.
  • Day Range as per Option Table is 8090 - 8212 and as per VIX is 8112 - 8226 with 8145 as the Pivot.
Option Call for 31-10-2014
Buy Nifty 8200CE above 105 for targets of 122, 139 SL - 97
Buy Nifty 8100PE above 79 for targets of 95, 118 SL - 69

India VIX : 13.27 up by 0.26 points
Call OI : 17954050
Put OI : 23084400
PCR OI : 1.286
SMR : 10.32 (Bullish: The Option Table at the start of the series is tilted towards the Bulls with PCR firmly placed at 1.286, more upside is in the offering, but stay cautious at higher levels...)

Wednesday, October 29, 2014

Option Open Interest for 29-10-2014

Inference
The index opened huge gap-up around 8077 and stayed in a narrow range of 20-25 points for the better part of the day, only to see breakout to close near the top at 8090.45, huge gain of 62.85 points. The broader market was also positive, with 866 advances to 656 declines. Expiry range has come down to 8030-8140.
  • Call option 8150 added huge 5.78 lacs OI with short covering seen at 8050 and below strike prices.
  • Put option 8150-8000 added huge 33.94 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,21,24,500 down by 15,21,250, whereas Nov series added 47.05 lacs with increase in price, probably 100% roll-over with huge long addition.
  • Bank Nifty Open Interest is at 13,73,000 down 2,45,125, whereas Nov series added 2.41 lacs with decrease in price, probably 100% roll-over with small long liquidation.
  • FII’s bought huge 26.46 lacs Futures, which includes 45086 contracts long build-up and 7834 contracts short covering, with increase in net OI by 37252 contracts (includes 169524 longs to 116604 shorts for the day) and the average price per contract comes to around 8152.89.
  • FII’s Index future open contract as on date is 375225 Longs to 119420 Shorts, net long 255805 up by 52920 contracts.
  • Initial support now at 8050, with huge OI addition of 18.14 lacs and below that at 8000 with huge OI of 57.59 lacs.
  • Initial and best resistance still at 8100, with highest OI of 60.41 lacs and above that at 8200 with huge OI of 52.58 lacs.
  • Day Range as per Option Table is 8024 - 8141 and as per VIX is 8035 - 8146 with 8080 as the Pivot.
November Series Option Table is tilted towards the Bulls

Option Call for 30-10-2014
Buy Nifty 8050CE above 48 for targets of 56, 65 SL - 44
Buy Nifty 8100PE above 37 for targets of 47, 64 SL - 31

India VIX : 13.01 down by 0.31 points
Call OI : 29517150
Put OI : 38898050
PCR OI : 1.318
SMR : 9.87 (Bullish: The PE writers just a day before expiry has added huge at 8100-8050, only a gap-down below 8050 can see expiry around the lower end else 8100 plus looks certain...)

Tuesday, October 28, 2014

Option Open Interest for 28-10-2014

Inference
The index opened up above 8000 and stayed positive for the entire session of trade and closed nearer to the top at 8027.60, gain of 35.90 points. The broader market was also positive, with 825 advances to 686 declines. The series range is still at 8000-8100.
  • Call option 8400 added huge 5.42 lacs OI with short covering seen at 8000 and below strike prices.
  • Put option 8050-8000 added huge 12.47 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,36,45,750 down by 23,19,200, whereas Nov series added 56.82 lacs with increase in price, probably 100% roll-over with huge long addition.
  • Bank Nifty Open Interest is at 16,18,125 down 1,37,700, whereas Nov series added 3.71 lacs with increase in price, probably 100% roll-over with huge long build-up.
  • FII’s bought huge 7.13 lacs Futures, which includes 41593 contracts long build-up and 27338 contracts short build-up, with increase in net OI by 68931 contracts (includes 172535 longs to 158280 shorts for the day) and the average price per contract comes to around 8109.59.
  • FII’s Index future open contract as on date is 330139 Longs to 127254 Shorts, net long 202885 up by 14255 contracts.
  • Initial and best support at 8000, with huge OI of 56.28 lacs and below that at 7900 with OI of 49.59 lacs.
  • Initial and best resistance at 8100, with highest OI of 64.90 lacs and above that at 8200 with huge OI of 53.97 lacs.
  • Day Range as per Option Table is 7962 - 8085 and as per VIX is 7972 - 8084 with 8020 as the Pivot.
Option Call for 29-10-2014
Buy Nifty 8000CE above 55 for targets of 66, 78 SL - 49
Buy Nifty 8050PE above 44 for targets of 56, 78 SL - 39

India VIX : 13.32 down by 0.20 points
Call OI : 33338200
Put OI : 37539900
PCR OI : 1.126
SMR : 11.83 (Bullish: The Series range has boiled down to 100 points with range at 8000-8100, another range bound day maybe in the offering with a slight positive bias...)

Monday, October 27, 2014

Option Open Interest for 27-10-2014

Inference
The index opened up at the highs of the day around 8064 but was sold off and closed near the lows of the day at 7991.70, loss of 22.85 points. The broader market was also weak, with 621 advances to 940 declines. The series range is still at 7900-8100.
  • Call option 8000-8100 added huge 9.38 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 8000 added 0.57 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,59,64,950 down by 9,94,500, whereas Nov series added 15.9 lacs with small decrease in price, probably 100% roll-over with huge short addition.
  • Bank Nifty Open Interest is at 17,55,825 down 1,45,350, whereas Nov series added 3.22 lacs with increase in price, probably 100% roll-over with huge long build-up.
  • FII’s bought huge 8.41 lacs Futures, which includes 23503 contracts long build-up and 6674 contracts short build-up, with increase in net OI by 30177 contracts (includes 80083 longs to 63254 shorts for the day) and the average price per contract comes to around 8053.78.
  • FII’s Index future open contract as on date is 288546 Longs to 99916 Shorts, net long 188630 up by 16829 contracts.
  • Initial and best support at 7900, with huge OI of 57.55 lacs and below that at 7800 with OI of 45.87 lacs.
  • Initial and best resistance at 8100, with highest OI of 70.51 lacs and above that at 8200 with huge OI of 55.93 lacs.
  • Day Range as per Option Table is 7943 - 8071 and as per VIX is 7935 - 8048 with 8014 as the Pivot.
Option Call for 28-10-2014
Buy Nifty 8000CE above 47 for targets of 61, 88 SL - 39
Buy Nifty 8000PE above 37 for targets of 44, 51 SL - 32

India VIX : 13.52 up by 0.66 points
Call OI : 36020050
Put OI : 38288100
PCR OI : 1.063
SMR : 12.72 (Bullish: A negative close after 5 sessions with index perfectly poised around 8000, can see rangebound movement within 7940-8060 for the next 2 days...)

Sunday, October 26, 2014

Option Open Interest for 23-10-2014

Inference
The index opened up by around 32 points on Mahurat Trading day and then stayed in a narrow range of 23 points and closed at 8014.55, gain of 18.65 points. The broader market was just positive, with 1193 advances to 255 declines. The series range is still at 7900-8100.
  • No Call option added OI with short covering seen at 7900 and below strike prices.
  • Put option 8100-8000 added huge 5.01 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,69,59,450 down by 1,47,250, with increase in price, probably huge short covering.
  • Bank Nifty Open Interest is at 19,01,175 up 28,600, with small increase in price, probably long build-up.
  • FII’s bought 100 Futures, which includes 219 contracts long build-up and 217 contracts short build-up, with increase in net OI by 2 contracts (includes 413 longs to 411 shorts for the day) and the average price per contract comes to around 8062.42.
  • FII’s Index future open contract as on date is 265043 Longs to 93242 Shorts, net long 171801 up by 2 contracts.
  • Initial support at 8000, with huge OI of 49.78 lacs and below that at 7900 with huge OI of 59.90 lacs.
  • Initial and best resistance at 8100, with highest OI of 63.79 lacs and above that at 8200 with huge OI of 61.46 lacs.
  • Day Range as per Option Table is 7951 - 8085 and as per VIX is 7961 - 8068 with 8018 as the Pivot.
Option Call for 27-10-2014
Buy Nifty 8000CE above 56 for targets of 61, 68 SL - 49
Buy Nifty 8100PE above 90 for targets of 97, 108 SL - 85

India VIX : 12.86 down by 0.17 points
Call OI : 35769350
Put OI : 39000550
PCR OI : 1.090
SMR : 11.79 (Bullish: Mahurat session saw a positive close with PE writers making good the hour of trade, CE writers still holding on to 8100-8200 with ease, a gap-up can see them in trouble...)

Wednesday, October 22, 2014

Option Open Interest for 22-10-2014

Inference
The index opened up by around 70 points and then stayed in a narrow range of 30 points but closed near the top at 7995.90, gain of 68.15 points. The broader market was just positive, with 1003 advances to 501 declines. The series range has narrowed down to 7900-8100.
  • Call option 8100-8200 added 8.63 lacs OI with short covering seen at 8000 and below strike prices.
  • Put option 8100-8000 added huge 25.37 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,71,06,700 up by 3,15,800, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 18,72,575 down 86,475, with small increase in price, probably huge long liquidation.
  • FII’s bought huge 9.34 lacs Futures, which includes 24633 contracts long build-up and 5950 contracts short build-up, with increase in net OI by 18683 contracts (includes 58145 longs to 39462 shorts for the day) and the average price per contract comes to around 8053.67.
  • FII’s Index future open contract as on date is 264824 Longs to 93025 Shorts, net long 171799 up by 18683 contracts.
  • Initial support at 8000, with huge OI of 47.10 lacs and below that at 7900 with OI of 57.57 lacs.
  • Initial and best resistance at 8100, with highest OI of 64.78 lacs and above that at 8200 with huge OI of 64.04 lacs.
  • Day Range as per Option Table is 7920 - 8066 and as per VIX is 7941 - 8050 with 7992 as the Pivot.
Option Call for 23-10-2014
Buy Nifty 8000CE above 51 for targets of 59, 67 SL - 47
Buy Nifty 8000PE above 43 for targets of 49, 58 SL - 39

India VIX : 13.03 down by 0.30 points
Call OI : 36913250
Put OI : 38568400
PCR OI : 1.045
SMR : 12.47 (Bullish: The index in the last 4 session has gained around 275 points, but the resistance around 8100-8200 has been rock solid, the PE writers need to pump up the volume...)

Tuesday, October 21, 2014

Option Open Interest for 21-10-2014

Inference
The index opened up for the second day in a row above 7900 and went up to touch the highs of the day around 7937, where some profit booking was seen. The index got the required support near the previous days close and went up to close near the highs at 7927.75, gain of 48.35 points. The broader market was just positive, with 799 advances to 695 declines. The series range for the time being at 7800-8100.
  • Call option 8200 added 1.53 lacs OI with short covering seen at 7900 and below strike prices.
  • Put option 8000-7800 added huge 20.64 lacs OI with profit booking seen at 7700 and below strike prices.
  • Nifty Open Interest is at 1,67,90,900 up by 5,57,700, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 19,59,050 up 1,30,350, with increase in price, probably huge long build-up.
  • FII’s bought huge 5.03 lacs Futures, which includes 19167 contracts long build-up and 9114 contracts short build-up, with increase in net OI by 28281 contracts (includes 53261 longs to 43208 shorts for the day) and the average price per contract comes to around 7994.94.
  • FII’s Index future open contract as on date is 240191 Longs to 87075 Shorts, net long 153116 up by 10053 contracts.
  • Initial support at 7900, with huge OI of 57.11 lacs and below that at 7800 with highest OI of 63.47 lacs.
  • Initial and very good resistance still at 8000, with huge OI of 59.14 lacs and above that at 8100 with huge OI of 63.05 lacs.
  • Day Range as per Option Table is 7842 - 7994 and as per VIX is 7872 - 7983 with 7913 as the Pivot.
Option Call for 22-10-2014
Buy Nifty 7900CE above 81 for targets of 98, 116 SL - 74
Buy Nifty 8000PE above 97 for targets of 113, 143 SL - 89

India VIX : 13.33 down by 0.86 points
Call OI : 39560600
Put OI : 41091900
PCR OI : 1.039
SMR : 12.83 (Bullish: The Bulls made sure that the up-move of the previous day was not a fluke with huge addition from 8000-7800 level; the Bears who had a successful month till now are in a spot of bother...)

Monday, October 20, 2014

Option Open Interest for 20-10-2014

Inference
The index opened huge gap-up just below 7900 on the back of favourable state election results and then stayed in a narrow range with small profit booking saw the index dip to 7857 but ultimately closed at 7879.40, huge gain of 99.70 points. The broader market was also strong, with 936 advances to 599 declines. The series range for the time being still at 7700-8100.
  • Call option did not add any OI with short covering seen at 7900 and below strike prices.
  • Put option 7900 added huge 12.27 lacs OI with profit booking seen at 7800 and lower strike prices.
  • Nifty Open Interest is at 1,62,33,200 up by 5,86,300, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 18,28,700 up 72,025, with increase in price, probably huge long build-up.
  • FII’s bought huge 18.26 lacs Futures, which includes 40477 contracts long build-up and 3915 contracts short build-up, with increase in net OI by 44392 contracts (includes 83922 longs to 47360 shorts for the day) and the average price per contract comes to around 7937.26.
  • FII’s Index future open contract as on date is 221024 Longs to 77961 Shorts, net long 143063 up by 36562 contracts.
  • Initial support at 7800, with huge OI of 54.25 lacs and below that at 7700 with huge OI of 56.19 lacs.
  • Initial and very good resistance at 8000, with huge OI of 64.22 lacs and above that at 8100 with highest OI of 64.31 lacs.
  • Day Range as per Option Table is 7802 - 7961 and as per VIX is 7821 - 7938 with 7881 as the Pivot.
Option Call for 21-10-2014
Buy Nifty 7900CE above 72 for targets of 82, 101 SL - 68
Buy Nifty 7900PE above 67 for targets of 80, 93 SL - 61

India VIX : 14.19 down by 2.21 points
Call OI : 42069150
Put OI : 40763750
PCR OI : 0.969
SMR : 14.64 (Neutral to Bullish: A huge gap-up and then consolidation for the entire day with the 7900PE writers the only one adding huge, range bound day in the offering for Tuesday...)

Sunday, October 19, 2014

Option Open Interest for 17-10-2014

Inference
The index opened weak around 7734 and after staying flat for the first 2 hours saw a dip towards the lows of the day at 7724. The responsive buyer took control from thereon to move the index back in green and to the highs of the day around 7819 but closed just below at 7779.70, gain of 31.50 points. The broader market though was weak, with 711 advances to 826 declines. The series range for the time being still at 7700-8000.
  • Call option 7900-8100 added huge 23.16 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7700-7300 added huge 14.34 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,56,46,900 up by 12,05,700, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 17,56,675 up 1,49,275, with increase in price, probably huge long build-up.
  • FII’s bought huge 13.16 lacs Futures, which includes 27480 contracts long build-up and 1163 contracts short build-up, with increase in net OI by 28643 contracts (includes 76740 longs to 50423 shorts for the day) and the average price per contract comes to around 7844.72.
  • FII’s Index future open contract as on date is 180547 Longs to 74046 Shorts, net long 106501 up by 26317 contracts.
  • Initial and best support still at 7700, with huge OI of 57.84 lacs and below that at 7600 with OI of 53.44 lacs.
  • Initial resistance at 7900, with huge OI of 52.07 lacs and above that at 8000 with highest OI of 68.12 lacs.
  • Day Range as per Option Table is 7700 - 7859 and as per VIX is 7713 - 7846 with 7774 as the Pivot.
Option Call for 20-10-2014
Buy Nifty 7800CE above 98 for targets of 120, 142 SL - 91
Buy Nifty 7800PE above 91 for targets of 116, 149 SL - 85

India VIX : 16.40 down by 0.03 points
Call OI : 44785450
Put OI : 41683550
PCR OI : 0.931
SMR : 17.62 (Neutral: The Bulls are back in the race again but need follow up action as PCR is still below 1 and the resistance around 7900-8000 is too huge for the time being, but a good State Election outcome can see huge gap-up on Monday...)

Thursday, October 16, 2014

Option Open Interest for 16-10-2014

Inference
The index opened weak around 7837 but saw small buying interest to move to the highs of the day around 7894. Profit booking from thereon saw the index nosedive below 7800 and closed near the lows of the day at 7748.20, huge loss of 115.80 points. The broader market was also very weak, with just 258 advances to 1302 declines. The series range for the time being has moved down to 7700-8000.
  • Call option 7600-8200 added huge 45.13 lacs OI with profit booking seen at 8300 and above strike prices.
  • Put option 7700-7300 added huge 12.07 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,44,41,200 down by 2,77,600, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 16,07,400 down 14,500, with decrease in price, probably long liquidation.
  • FII’s sold huge 9.21 lacs Futures, which includes 22098 contracts long liquidation and 3671 contracts short covering, with decrease in net OI by 25769 contracts (includes 45191 longs to 63618 shorts for the day) and the average price per contract comes to around 7779.30.
  • FII’s Index future open contract as on date is 153067 Longs to 72883 Shorts, net long 80184 down by 18427 contracts.
  • Initial and best support now at 7700, with huge OI of 51.18 lacs and below that at 7600 with OI of 52.02 lacs.
  • Initial resistance at 7800, with huge OI addition of 10.78 lacs and above that at 7900 with huge OI of 41.40 lacs.
  • Day Range as per Option Table is 7703 - 7859 and as per VIX is 7682 - 7815 with 7791 as the Pivot.
Option Call for 17-10-2014
Buy Nifty 7900CE above 67 for targets of 86, 120 SL - 59
Buy Nifty 7700PE above 72 for targets of 92, 113 SL - 61

India VIX : 16.43 up by 1.84 points
Call OI : 43285900
Put OI : 40027500
PCR OI : 0.925
SMR : 17.77 (Bearish: The Bears have taken over the index with a close below 7800 after 2 months, but need to follow-up on 7800-7900CE level, or else the Bulls may make a comeback fast, Stay cautious at lower levels...)

Tuesday, October 14, 2014

Option Open Interest for 14-10-2014

Inference
The index opened strong around 7923 but saw huge profit booking to move to the lows of the day around 7825. Buying at lower levels saw the index back in green but was unable to sustain and closed lower at 7864.00, loss of 20.25 points. The broader market was also weak, with 653 advances to 890 declines. The series range is at 7800-8200.
  • Call option 8000-8100, 8300 added huge 4.10 lacs OI with profit booking seen at 8200, 8500 strike prices.
  • Put option 7600 added huge 4.91 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,47,18,800 down by 1,07,700, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 16,21,900 down 36,625, with increase in price, probably short covering.
  • FII’s sold 3.87 lacs Futures, which includes 8705 contracts long liquidation and 971 contracts short covering, with decrease in net OI by 9676 contracts (includes 32689 longs to 40423 shorts for the day) and the average price per contract comes to around 7895.55.
  • FII’s Index future open contract as on date is 175165 Longs to 76554 Shorts, net long 98611 down by 7734 contracts.
  • Initial and best support still at 7800, with highest OI of 66.31 lacs and below that at 7700 with OI of 50.18 lacs.
  • Initial and super resistance at 8000, with huge OI of 51.25 lacs and above that at 8100 with huge OI of 53.52 lacs.
  • Day Range as per Option Table is 7800 - 7945 and as per VIX is 7804 - 7924 with 7872 as the Pivot.
Option Call for 16-10-2014
Buy Nifty 7900CE above 95 for targets of 116, 140 SL - 89
Buy Nifty 7900PE above 98 for targets of 125, 156 SL - 89

India VIX : 14.59 up by 0.09 points
Call OI : 39080150
Put OI : 39789200
PCR OI : 1.018
SMR : 14.33 (Neutral to Bearish: Participants booked profit and stayed light due to holiday and State Elections with the writers taking the day off, 8000-8200 level now is very strong resistance...)

Monday, October 13, 2014

Option Open Interest for 13-10-2014

Inference
The index opened weak around 7831 and went on to touch the lows of the day at 7796. The responsive buyers took control from thereon to move the index to green and close just below 7900 at 7884.25, a gain of 24.30 points. The broader market was just positive, with 804 advances to 732 declines. The series range is at 7800-8200.
  • Call option 7700-8200 added huge 13.92 lacs OI with profit booking seen at 8300 and above strike prices.
  • Put option 7900-7700, 7500-7400 added huge 14.97 lacs OI with short covering seen at 8000 and above strike prices.
  • Nifty Open Interest is at 1,48,26,500 down by 6,07,550, with increase in price, probably huge long liquidation/short covering.
  • Bank Nifty Open Interest is at 16,58,525 up 1,36,375, with increase in price, probably huge long build-up.
  • FII’s sold huge 10.47 lacs Futures, which includes 12305 contracts long liquidation and 8638 contracts short build-up, with decrease in net OI by 3667 contracts (includes 26383 longs to 47326 shorts for the day) and the average price per contract comes to around 7901.50.
  • FII’s Index future open contract as on date is 183870 Longs to 77525 Shorts, net long 106345 down by 20943 contracts.
  • Initial and best support at 7800, with highest OI of 66.97 lacs and below that at 7700 with OI of 54.68 lacs.
  • Initial and good resistance at 8000, with huge OI of 49.62 lacs and above that at 8100 with huge OI of 52.96 lacs.
  • Day Range as per Option Table is 7796 - 7941 and as per VIX is 7824 - 7944 with 7860 as the Pivot.
Option Call for 14-10-2014
Buy Nifty 7900CE above 101 for targets of 118, 137 SL - 89
Buy Nifty 7900PE above 106 for targets of 129, 166 SL - 99

India VIX : 14.50 up by 0.17 points
Call OI : 38848250
Put OI : 40096900
PCR OI : 1.032
SMR : 14.05 (Neutral: The Bulls came back from the dead from below 7800 to close a few points below 7900 with 7800 now a solid support base, Range bound moves possible...)

Sunday, October 12, 2014

Option Open Interest for 10-10-2014

Inference
The index opened around 7911 on the back of weak global cues, and after the initial dip tried to move up only to be sold-off to the lows of the day at 7848. Nifty closed just above days low at 7859.95, a huge loss of 100.60 points. The broader market was also weak, with 397 advances to 1137 declines. The series range is at 7800-8200.
  • Call option 7800-8400 added huge 21.68 lacs OI with profit booking seen at 8500 and above strike prices.
  • Put option 7800-7600, 7400 added huge 25.19 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,54,34,050 down by 9,84,450, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 15,22,150 down by 59,475, with decrease in price, probably long liquidation.
  • FII’s sold huge 18.55 lacs Futures, which includes 30632 contracts long liquidation and 6463 contracts short build-up, with decrease in net OI by 24169 contracts (includes 31949 longs to 69044 shorts for the day) and the average price per contract comes to around 7871.95.
  • FII’s Index future open contract as on date is 196175 Longs to 68887 Shorts, net long 127288 contracts.
  • Initial and best support at 7800, with highest OI of 59.28 lacs and below that at 7700 with OI of 54.09 lacs.
  • Initial resistance at 7900, with huge OI addition of 8.13 lacs and above that at 8000 with huge OI of 47.30 lacs.
  • Day Range as per Option Table is 7803 - 7944 and as per VIX is 7801 - 7919 with 7877 as the Pivot.
Option Call for 13-10-2014
Buy Nifty 7900CE above 100 for targets of 113, 133 SL - 95
Buy Nifty 7900PE above 106 for targets of 121, 136 SL - 96

India VIX : 14.33 up by 1.17 points
Call OI : 37510600
Put OI : 38514050
PCR OI : 1.027
SMR : 13.96 (Bearish: The Bulls lost the game as no follow-up action was seen and the Bears took the chance to add huge at 7900-8000CE and the index comfortably below 7900, Bulls if they don’t come back then break of 7800 is very much on card...)