Sunday, November 30, 2014

Option Open Interest for 28-11-2014

Inference
The index opened up above the psychological level of 8500 and saw huge buying interest to cross 8600 in the process but closed just below at 8588.25, huge gain of 94.05 points. The broader market though was weak, with 746 advances to 793 declines. Tentative Range at the start of series comes to 8300-8800.
  • Call option 8600-9000 added huge 39.75 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8800-8300 added huge 45.87 lacs OI with profit booking seen at 8200 and below strike prices.
  • Nifty Open Interest is at 2,22,16,425 up by 12,75,575, with huge increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 17,39,125 up by 1,76,900, with huge increase in price, probably huge long build-up.
  • FII’s bought huge 19.33 lacs Futures, which includes 65417 contracts long build-up and 11920 contracts short covering, with increase in net OI by 53497 contracts (includes 133831 longs to 56494 shorts for the day) and the Average Price comes to 8730.17.
  • FII’s Index future open contract as on date is 730220 Longs to 50288 Shorts, net long 679932 up by 77337 contracts.
  • Initial and best support at 8500, with OI of 42.07 lacs and below that at 8400 with OI of 37.31 lacs.
  • Initial resistance at 8600, with OI of 39.88 lacs and above that at 8700 with OI of 37.96 lacs.
  • Day Range as per Option Table is 8521 - 8636 and as per VIX is 8530 - 8646 with 8574 as the Pivot.
India VIX : 12.90 up by 0.16 points
Call OI : 38138700
Put OI : 34022675
PCR OI : 0.892
SMR : 14.46 (Bullish: Huge PE addition from 8600-8400 saw the index jump to all time high at 8617, with the Bulls in command though PCR is still below 1, 8500 is right now a good support moving forward...)

Thursday, November 27, 2014

Option Open Interest for 27-11-2014

Inference
The index opened flat on the day of Expiry and stayed in a narrow range but saw huge short covering in the last hour to close near the highs of the day at 8494.20, gain of 18.45 points. The broader market was also strong, with 824 advances to 703 declines. Tentative Range at the start of series comes to 8300-8600.
  • Call option 8100-9000 added huge 37.23 lacs OI with short covering seen at 8000 and below strike prices.
  • Put option 9000-8000 added huge 36.84 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 2,09,40,850 up by 46,99,850, with small increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 15,62,225 up by 4,68,350, with small increase in price, 100% roll-over with small long build-up.
  • FII’s bought huge 25.18 lacs Futures, which includes 101180 contracts long liquidation and 143839 contracts short covering, with decrease in net OI by 245019 contracts (includes 272869 longs to 172144 shorts for the day) and the Average Price comes to 8555.00.
  • FII’s Index future open contract as on date is 664803 Longs to 62208 Shorts, net long 602595 up by 42659 contracts.
  • Initial support at 8500, with OI of 30.42 lacs and below that at 8000 with huge OI of 31.48 lacs.
  • Initial and best resistance at 8500, with huge OI of 50.80 lacs and above that at 8600 with OI of 36.69 lacs.
  • Day Range as per Option Table is 8435 - 8540 and as per VIX is 8438 - 8551 with 8486 as the Pivot.
Option Call for 28-11-2014
Buy Nifty 8500CE above 133 for targets of 142, 152 SL - 124
Buy Nifty 8500PE above 87 for targets of 100, 115 SL - 80

India VIX : 12.74 down by 0.25 points
Call OI : 34306700
Put OI : 28930850
PCR OI : 0.843
SMR : 15.11 (Bullish: At the start of series PCR is at 0.843, though weak but Nifty OI and Option Table still looks good, only resistance of note is around 8500...)

Wednesday, November 26, 2014

Option Open Interest for 26-11-2014

Inference
The index opened flat to negative and stayed weak for the better part of the morning session only to the see the buyers back around noon to move the index back in green making a high of 8500 but closed just lower at 8475.75, gain of 12.65 points. The broader market was also strong, with 928 advances to 574 declines. Tentative Range for Expiry comes around 8400-8550.
  • Call option 8450 added 0.78 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8500-8400 added huge 20.36 lacs OI with profit booking seen at 8300 and below strike prices.
  • Nifty Open Interest is at 94,16,575 down by 36,29,925, whereas Dec series added 44.96 lacs, with small increase in price, 100% roll-over with long build-up.
  • Bank Nifty Open Interest is at 13,81,625 down by 1,17,850, whereas Dec series added 1.94 lacs, with decrease in price, 100% roll-over with short build-up.
  • FII’s bought 1.26 lacs Futures, which includes 32639 contracts long build-up and 27610 contracts short build-up, with increase in net OI by 60249 contracts (includes 241587 longs to 236558 shorts for the day) and the Average Price comes to 8633.20.
  • FII’s Index future open contract as on date is 765983 Longs to 206047 Shorts, net long 559936 up by 5029 contracts.
  • Initial and best support at 8400, with highest OI of 68.09 lacs and below that at 8300 with huge OI of 57.61 lacs.
  • Initial and best resistance at 8500, with huge OI of 51.97 lacs and above that at 8600 with OI of 49.73 lacs.
  • Day Range as per Option Table is 8419 - 8527 and as per VIX is 8418 - 8533 with 8472 as the Pivot.
Option Call for 27-11-2014
Buy Nifty 8400CE above 84 for targets of 103, 132 SL - 79
Buy Nifty 8500PE above 38 for targets of 59, 85 SL - 33

India VIX : 12.99 down by 0.54 points
Call OI : 25152975
Put OI : 43048300
PCR OI : 1.711
SMR : 7.59 (Bullish: The Bears missed the follow-up opportunity and lost ground to the Bulls, who cemented the level of 8400, An Expiry below 8400 looks improbable though resistance still remains around the 8500 level...)

Tuesday, November 25, 2014

Option Open Interest for 25-11-2014

Inference
The index opened flat but saw huge selling pressure from the onset to move lower with each passing hour and making a low at 8429. Small buying towards the dying minutes saw the index close a bit higher from the lows at 8463.10, huge loss of 67.05 points. The broader market was also very weak, with just 298 advances to 1263 declines. Tentative Range till Expiry comes around 8350-8550.
  • Call option 8450-8700 added huge 34.99 lacs OI with short covering seen at 8400 and below strike prices.
  • No Put option saw any OI addition with huge short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 1,30,46,500 down by 58,59,675, whereas Dec series added 56.88 lacs, with decrease in price, mostly roll-over with small long liquidation.
  • Bank Nifty Open Interest is at 14,99,475 down by 4,02,425, whereas Dec series added 1.85 lacs, with decrease in price, small roll-over with huge long liquidation.
  • FII’s sold 6.43 lacs Futures, which includes 4765 contracts long liquidation and 20956 contracts short build-up, with increase in net OI by 16191 contracts (includes 342380 longs to 368101 shorts for the day) and the Average Price comes to 8571.27.
  • FII’s Index future open contract as on date is 733344 Longs to 178437 Shorts, net long 554907 down by 25721 contracts.
  • Initial support still at 8400, with huge OI of 57.74 lacs and below that at 8300 with highest OI of 61.30 lacs.
  • Initial and best resistance at 8500, with huge OI of 59.87 lacs and above that at 8600 with OI of 55.11 lacs.
  • Day Range as per Option Table is 8417 - 8529 and as per VIX is 8403 - 8523 with 8476 as the Pivot.
Option Call for 26-11-2014
Buy Nifty 8400CE above 89 for targets of 123, 172 SL - 80
Buy Nifty 8500PE above 48 for targets of 72, 96 SL - 43

India VIX : 13.53 up by 0.51 points
Call OI : 28671325
Put OI : 42724750
PCR OI : 1.490
SMR : 9.08 (Bullish: The index saw huge profit booking just 2 days away from expiry to close below 8500, with the 8500CE writers coming back, a follow up action will ensure an expiry below it...)

Sunday, November 23, 2014

Option Open Interest for 21-11-2014


Inference
The index opened flat to positive but saw huge buying interest within the first few minutes of trade to move above 8450 and stayed strong making a high of 8490 but closed just lower at 8477.35, huge gain of 75.45 points. The broader market though was weak, with 652 advances to 889 declines. Tentative Range for the Expiry week is around 8350-8600.
  • No Call option added OI whereas short covering was seen at 8500 and below strike prices.
  • Put option 8600-8400 added huge 33.31 lacs OI with profit booking seen at 8300 and below strike prices.
  • Nifty Open Interest is at 2,09,70,050 down by 4,48,725, whereas Dec series added 10.97 lacs, with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 21,30,100 up by 94,000, whereas Dec series added 1.99 lacs, with huge increase in price, huge long addition in both series.
  • FII’s bought 3.59 lacs Futures, which includes 15366 contracts long build-up and 990 contracts short build-up, with increase in net OI by 16356 contracts (includes 98733 longs to 84357 shorts for the day) and the Average Price comes to 8478.62.
  • FII’s Index future open contract as on date is 735191 Longs to 153950 Shorts, net long 581241 up by 14376 contracts.
  • Initial and super support at 8400, with huge OI of 63.84 lacs and below that at 8300 with highest OI of 66.72 lacs.
  • Initial and best resistance at 8500, with huge OI of 51.21 lacs.
  • Day Range as per Option Table is 8404 - 8517 and as per VIX is 8416 - 8539 with 8455 as the Pivot.
Option Call for 24-11-2014
Buy Nifty 8400CE above 104 for targets of 134, 164 SL - 89
Buy Nifty 8500PE above 60 for targets of 84, 118 SL - 53

India VIX : 13.85 down by 0.32 points
Call OI : 27651400
Put OI : 46690675
PCR OI : 1.689
SMR : 8.20 (Bullish: The index is gearing up an Expiry near the highs of the series with huge addition at 8500-8400PE levels with not much of resistance barring 8500; a close above 8500 can bring 8600 in a hurry...)

Thursday, November 20, 2014

Option Open Interest for 20-11-2014

Inference
The index opened positive but saw profit booking to move to the lows of the day around 8353, from where the responsive buyers took control and moved the index back in green to close firm at 8401.90, small gain of 19.60 points. The broader market though was weak, with 564 advances to 970 declines. Tentative Range for the series is still around 8300-8500.
  • Call option 8500 added 2.93 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8400-8200 added huge 15.89 lacs OI with profit booking seen at 8100 and below strike prices.
  • Nifty Open Interest is at 2,14,18,775 down by 5,73,100, whereas Dec series added 4.24 lacs, with small increase in price, mostly roll-over with small short covering.
  • Bank Nifty Open Interest is at 20,36,100 down by 48,750, whereas Dec series added 0.84 lacs, with increase in price, 100% roll-over with small long addition.
  • FII’s bought 2.25 lacs Futures, which includes 198 contracts long liquidation and 9186 contracts short covering, with decrease in net OI by 9186 contracts (includes 55942 longs to 46954 shorts for the day) and the Average Price comes to 8343.32.
  • FII’s Index future open contract as on date is 719825 Longs to 152960 Shorts, net long 566865 up by 8988 contracts.
  • Initial and best support at 8300, with highest OI of 68.50 lacs and below that at 8200 with OI of 53.51 lacs.
  • Initial and best resistance at 8500, with huge OI of 60.18 lacs and above that at 8600 with OI of 40.83 lacs.
  • Day Range as per Option Table is 8335 - 8449 and as per VIX is 8340 - 8464 with 8389 as the Pivot.
Option Call for 21-11-2014
Buy Nifty 8400CE above 59 for targets of 69, 80 SL - 53
Buy Nifty 8400PE above 48 for targets of 59, 78 SL - 43

India VIX : 14.17 down by 0.18 points
Call OI : 30295850
Put OI : 44875175
PCR OI : 1.481
SMR : 9.57 (Bullish: The index has formed a small range of 8350-8450 within the bigger option range of 8300-8500, though the bias still remain Bullish with PCR now at 1.48, but stay cautious at higher levels...)

Wednesday, November 19, 2014

Option Open Interest for 19-11-2014

Inference
The index opened flat to positive but saw selling pressure from the morning itself to make lower lows with each passing hour. The dip buyers came back around 8360, but were unable to pull the index up by much and closed at 8382.30, loss of 43.60 points. The broader market was also weak, with 537 advances to 1019 declines. Tentative Range for the series is still around 8300-8500.
  • Call option 8500 added 1.26 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8100-8000 added huge 5.34 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 2,19,91,875 down by 6,24,050, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 20,84,850 down by 1,62,375, with decrease in price, probably long liquidation.
  • FII’s bought 1.70 lacs Futures, which includes 1373 contracts long liquidation and 8157 contracts short covering, with decrease in net OI by 9530 contracts (includes 46482 longs to 39698 shorts for the day) and the Average Price comes to 8351.35.
  • FII’s Index future open contract as on date is 720023 Longs to 162146 Shorts, net long 557877 up by 6784 contracts.
  • Initial and best support at 8300, with highest OI of 60.33 lacs and below that at 8200 with OI of 51.31 lacs.
  • Initial resistance at 8400, with huge OI of 48.59 lacs and above that at 8500 with huge OI of 57.26 lacs.
  • Day Range as per Option Table is 8337 - 8451 and as per VIX is 8319 - 8445 with 8399 as the Pivot.
Option Call for 20-11-2014
Buy Nifty 8400CE above 66 for targets of 83, 109 SL - 59
Buy Nifty 8400PE above 50 for targets of 64, 79 SL - 44

India VIX : 14.35 up by 0.28 points
Call OI : 31180900
Put OI : 43544600
PCR OI : 1.397
SMR : 10.28 (Bullish: The index though closed in RED but the option table still stays ranged within the boundaries of 8300-8500 with 8400 acting as pivot, Sell the Rise and Buy the Dips...)

Tuesday, November 18, 2014

Option Open Interest for 18-11-2014

Inference
The index opened flat to positive and went on to make the high of the day within the first hour of trade. Profit booking at higher level saw the index to the lows at 8407 but closed flat at 8425.90, a small loss of 4.85 points. The broader market was positive, with 845 advances to 714 declines. Tentative Range for the series is still around 8300-8500.
  • Call option 8600-8800 added huge 4.29 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8500-8400 added huge 10.42 lacs OI with profit booking seen at 8200 and below strike prices.
  • Nifty Open Interest is at 2,26,15,925 down by 1,94,475, with small decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 22,47,225 up by 1,09,475, with increase in price, probably long build-up.
  • FII’s sold 1.90 lacs Futures, which includes 3250 contracts long build-up and 10867 contracts short build-up, with increase in net OI by 14117 contracts (includes 34377 longs to 41994 shorts for the day) and the Average Price comes to 8426.88.
  • FII’s Index future open contract as on date is 721396 Longs to 170303 Shorts, net long 551093 down by 7617 contracts.
  • Initial support now at 8400, with huge OI of 49.71 lacs and below that at 8300 with highest OI of 62.81 lacs.
  • Initial and best resistance still at 8500, with huge OI of 56.00 lacs and above that at 8600 with OI of 49.39 lacs.
  • Day Range as per Option Table is 8371 - 8483 and as per VIX is 8364 - 8488 with 8429 as the Pivot.
Option Call for 19-11-2014
Buy Nifty 8400CE above 87 for targets of 98, 110 SL - 80
Buy Nifty 8500PE above 83 for targets of 92, 104 SL - 79

India VIX : 14.07 down by 0.34 points
Call OI : 31619400
Put OI : 44525075
PCR OI : 1.408
SMR : 9.99 (Bullish: The Index saw consolidation after 2 days of up-move and stayed in a narrow range to close flat, but added huge at 8400PE level, which now should act as good support, more upside seems a possibility...)

Monday, November 17, 2014

Option Open Interest for 17-11-2014

Inference
The index opened weak and went on to touch the lows of the day at 8349, but the responsive buyers took control from thereon to move the index in green and close near the highs of the day at 8430.75, cool gain of 40.85 points. The broader market was also positive, with 857 advances to 700 declines. Tentative Range for the series has narrowed down to 8300-8500.
  • Call option 8500-8800 added huge 7.89 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8600-8200 added huge 22.45 lacs OI with profit booking seen at 8100 and below strike prices.
  • Nifty Open Interest is at 2,28,10,400 down by 37,325, with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 21,37,750 up by 4,375, with increase in price, probably long build-up.
  • FII’s sold 2.50 lacs Futures, which includes 9531 contracts long liquidation and 476 contracts short build-up, with decrease in net OI by 9055 contracts (includes 35726 longs to 45733 shorts for the day) and the Average Price comes to 8423.01.
  • FII’s Index future open contract as on date is 718146 Longs to 159436 Shorts, net long 558710 down by 10007 contracts.
  • Initial support now at 8400, with huge OI addition of 11.57 lacs and below that at 8300 with highest OI of 62.88 lacs.
  • Initial and best resistance at 8500, with huge OI of 58.36 lacs and above that at 8600 with OI of 49.19 lacs.
  • Day Range as per Option Table is 8356 - 8471 and as per VIX is 8367 - 8494 with 8406 as the Pivot.
Option Call for 18-11-2014
Buy Nifty 8400CE above 92 for targets of 109, 127 SL - 80
Buy Nifty 8400PE above 52 for targets of 67, 94 SL - 49

India VIX : 14.41 up by 0.44 points
Call OI : 31652000
Put OI : 43731425
PCR OI : 1.382
SMR : 10.43 (Bullish: All dips are being bought with ease with the PE writers now in full command at 8300 level, with best resistance still at 8500; the level of 8400 henceforth will act as pivot...)

Sunday, November 16, 2014

Option Open Interest for 14-11-2014

Inference
The index opened flat and after a small dip saw the index move up and stayed strong throughout the entire session of trade and closed near the top at 8389.90, gain of 32.05 points. The broader market was also positive, with 829 advances to 717 declines. Tentative Range for the series stays at 8200-8500.
  • No addition seen at any strike with short covering seen at 8400 and below strike prices.
  • Put option 8400-8000 added huge 18.18 lacs OI with profit booking seen at 7900 strike price.
  • Nifty Open Interest is at 2,28,47,725 down by 2,52,375, with increase in price, probably huge short covering.
  • Bank Nifty Open Interest is at 21,33,375 up by 86,975, with increase in price, probably huge long build-up.
  • FII’s sold 3.95 lacs Futures, which includes 8128 contracts long liquidation and 7668 contracts short build-up, with decrease in net OI by 460 contracts (includes 26707 longs to 42503 shorts for the day) and the Average Price comes to 8398.60.
  • FII’s Index future open contract as on date is 727677 Longs to 158960 Shorts, net long 568717 down by 15796 contracts.
  • Initial and best support at 8300, with highest OI of 59.13 lacs and below that at 8200 with OI of 53.20 lacs.
  • Initial resistance still at 8400, with huge OI of 51.58 lacs and above that at 8500 with huge OI of 55.44 lacs.
  • Day Range as per Option Table is 8326 - 8439 and as per VIX is 8329 - 8451 with 8379 as the Pivot.
Option Call for 17-11-2014
Buy Nifty 8400CE above 74 for targets of 82, 93 SL - 69
Buy Nifty 8400PE above 67 for targets of 81, 101 SL - 59

India VIX : 13.97 up by 0.17 points
Call OI : 31082650
Put OI : 41576325
PCR OI : 1.338
SMR : 10.45 (Bullish: No follow through action by the Bears saw the Bulls back in command with support at 8300 looking very good and may not be breached on closing basis, Index is buy on dips for the time being...)

Thursday, November 13, 2014

Option Open Interest for 13-11-2014

Inference
The index opened strong above 8400 but profit booking from the onset saw the index down to lows of the day around 8320. Some lower level buying saw the index close just below at 8357.85, small loss of 25.45 points. The broader market was also weak, with 590 advances to 956 declines. Tentative Range for the series is at 8200-8500.
  • Call option 8300-8600 added huge 8.53 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8100 added 0.85 lacs OI with short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 2,31,00,100 down by 6,73,250, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 20,46,400 down by 1,94,225, with decrease in price, probably huge long liquidation.
  • FII’s sold 3.38 lacs Futures, which includes 11689 contracts long liquidation and 1828 contracts short build-up, with decrease in net OI by 9861 contracts (includes 54728 longs to 68245 shorts for the day) and the Average Price comes to 8299.33.
  • FII’s Index future open contract as on date is 735805 Longs to 151292 Shorts, net long 584513 down by 13517 contracts.
  • Initial and best support still at 8300, with huge OI of 53.40 lacs and below that at 8200 with OI of 52.09 lacs.
  • Initial resistance at 8400, with huge OI of 54.25 lacs and above that at 8500 with highest OI of 58.45 lacs.
  • Day Range as per Option Table is 8303 - 8419 and as per VIX is 8297 - 8418 with 8362 as the Pivot.
Option Call for 14-11-2014
Buy Nifty 8400CE above 66 for targets of 84, 107 SL - 59
Buy Nifty 8400PE above 83 for targets of 101, 120 SL - 78

India VIX : 13.80 down by 0.64 points
Call OI : 30946050
Put OI : 38620300
PCR OI : 1.248
SMR : 11.06 (Bullish to Neutral: Bears in a single day have changed the complexion of the OI Table, but a follow-up action tomorrow can seal it or else the Bulls may make a comeback, huge resistance at 8400-8500 level...)

Wednesday, November 12, 2014

Option Open Interest for 12-11-2014

Inference
The index opened positive and went up above the psychological level of 8400 to make all time high of 8415.05, but profit booking saw the index dip below 8400 to close at 8383.30, gain of 20.65 points. The broader market was flat, with 776 advances to 781 declines. Range for the series has narrowed down to 8200-8500.
  • Call option 8400-8700 added huge 12.62 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8500-8100 added huge 24.30 lacs OI with profit booking seen at 8000 and below strike price.
  • Nifty Open Interest is at 2,37,73,350 up by 5,80,275, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 22,40,625 up by 1,46,900, with increase in price, probably huge long build-up.
  • FII’s bought 1.36 lacs Futures, which includes 16755 contracts long build-up and 11322 contracts short build-up, with increase in net OI by 28077 contracts (includes 62498 longs to 57065 shorts for the day) and the Average Price comes to 8379.93.
  • FII’s Index future open contract as on date is 747494 Longs to 149464 Shorts, net long 598030 up by 5433 contracts.
  • Initial and best support at 8300, with highest OI of 60.94 lacs and below that at 8200 with huge OI of 52.76 lacs.
  • Initial and best resistance at 8500, with OI of 55.84 lacs and above that at 8600 with OI of 45.95 lacs.
  • Day Range as per Option Table is 8319 - 8445 and as per VIX is 8320 - 8447 with 8390 as the Pivot.
Option Call for 13-11-2014
Buy Nifty 8400CE above 87 for targets of 98, 112 SL - 79
Buy Nifty 8400PE above 67 for targets of 77, 88 SL - 60

India VIX : 14.44 down by 0.36 points
Call OI : 29844100
Put OI : 40673275
PCR OI : 1.363
SMR : 10.60 (Bullish: The index saw a breakout of the range above 8400, but closed just below it, though huge addition was seen at 8400-8300 level, downside if any is limited for the time being...)

Tuesday, November 11, 2014

Option Open Interest for 11-11-2014

Inference
The index opened flat to positive and went up to touch the highs of the day around 8379 but Profit booking saw the index dip towards 8321. The smart buyers came back and moved the index back in green and closed at 8362.65, gain of 18.40 points. The broader market was positive, with 802 advances to 746 declines. Range for the series is 8000-8500.
  • Call option 8400-8600 added huge 8.10 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8400-8200 added huge 10.50 lacs OI with profit booking seen at 8100 and below strike price.
  • Nifty Open Interest is at 2,31,93,075 up by 70,150, with small increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 20,93,725 up by 72,850, with increase in price, probably long build-up.
  • FII’s sold 3.70 lacs Futures, which includes 1346 contracts long build-up and 16154 contracts short build-up, with increase in net OI by 17500 contracts (includes 38084 longs to 52892 shorts for the day) and the Average Price comes to 8366.72.
  • FII’s Index future open contract as on date is 730739 Longs to 138142 Shorts, net long 592597 down by 14808 contracts.
  • Initial good support at 8300, with huge OI of 50.35 lacs and below that at 8200 with huge OI of 50.87 lacs.
  • Initial resistance still at 8400, with OI of 47.69 lacs and above that at 8500 with OI of 51.96 lacs.
  • Day Range as per Option Table is 8297 - 8416 and as per VIX is 8298 - 8427 with 8354 as the Pivot.
Option Call for 12-11-2014
Buy Nifty 8400CE above 74 for targets of 86, 98 SL - 69
Buy Nifty 8400PE above 88 for targets of 97, 114 SL - 80

India VIX : 14.80 up by 0.87 points
Call OI : 28937825
Put OI : 38544475
PCR OI : 1.332
SMR : 11.11 (Bullish: Five days in a row the index stayed within the 8300-8400 range, but the bias still remains very positive with support getting stronger at 8300-8200, Initial resistance at 8400...)