Tuesday, December 2, 2014

Option Open Interest for 02-12-2014

Inference
The index opened down around 8535 and saw huge volatile moves as RBI governor came out with no change policy. The index got subdued and moved in a narrow range of 20-25 points and closed at 8524.70, loss of 31.20 points. The broader market though was also positive, with 821 advances to 705 declines. Range has narrowed down to 8300-8700.
  • Call option 8500-8900 added huge 22.87 lacs OI with profit booking seen at 9000 strike price.
  • Put option 8500-8100 added huge 12.70 lacs OI with short covering seen at 8600 and above strike prices.
  • Nifty Open Interest is at 2,13,95,900 down by 5,50,950, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 18,60,625 up by 1,12,525, with small increase in price, probably long build-up.
  • FII’s sold huge 13.88 lacs Futures, which includes 52947 contracts long liquidation and 2578 contracts short build-up, with decrease in net OI by 50369 contracts (includes 55983 longs to 111508 shorts for the day) and the Average Price comes to 8733.09.
  • FII’s Index future open contract as on date is 670373 Longs to 60300 Shorts, net long 610073 down by 55525 contracts.
  • Initial and best support still at 8500, with OI of 47.15 lacs and below that at 8400 with OI of 44.42 lacs.
  • Initial resistance at 8600, with OI of 49.87 lacs and above that at 8700 with highest OI of 50.65 lacs.
  • Day Range as per Option Table is 8471 - 8584 and as per VIX is 8469 - 8580 with 8530 as the Pivot.
India VIX : 12.40 down by 0.50 points
Call OI : 42724400
Put OI : 37262250
PCR OI : 0.872
SMR : 14.22 (Bullish with Caution...)