Monday, December 8, 2014

Option Open Interest for 08-12-2014

Inference
The index opened flat but saw huge profit booking to end the day nears the lows at 8438.25, huge loss of 100.05 points. The broader market was also weak, with just 471 advances to 1081 declines. Range for Nifty as per OI Table comes to 8400-8700.
  • Call option 8500-8700 added huge 17.75 lacs OI with profit booking seen at 8800 and above strike prices.
  • Put option 8400-8000 added huge 18.15 lacs OI with short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 2,13,07,450 up by 11,66,625, with decrease in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 19,80,800 up by 79,900, with decrease in price, probably short build-up.
  • FII’s bought 2.42 lacs Futures, which includes 18114 contracts long build-up and 8430 contracts short build-up, with increase in net OI by 26544 contracts (includes 88034 longs to 78350 shorts for the day) and the Average Price comes to 8693.40.
  • FII’s Index future open contract as on date is 637717 Longs to 85315 Shorts, net long 552402 up by 9684 contracts.
  • Initial and best support now at 8400, with huge OI of 57.45 lacs and below that at 8300 with OI of 43.21 lacs.
  • Initial small resistance at 8500, with OI of 48.65 lacs and above that at 8600 with highest OI of 62.95 lacs.
  • Day Range as per Option Table is 8408 - 8522 and as per VIX is 8384 - 8492 with 8472 as the Pivot.
India VIX : 12.21 up by 0.26 points
Call OI : 44625975
Put OI : 41402075
PCR OI : 0.928
SMR : 13.16 (Neutral...)