Tuesday, December 9, 2014

Option Open Interest for 09-12-2014

Inference
A repeat of yesterday with the index opening flat but saw huge profit booking to end the day near the lows at 8340.70, huge loss of 97.55 points. The broader market was also weak, with just 327 advances to 1230 declines. Range expansion to the lower side at 8300-8700.
  • Call option 8300-8500 added huge 25.75 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8300-8100 added huge 17.22 lacs OI with short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 2,21,30,900 up by 8,23,450, with decrease in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 18,36,475 down by 1.44,325, with decrease in price, probably huge long liquidation.
  • FII’s bought 3.27 lacs Futures, which includes 23765 contracts long build-up and 10675 contracts short build-up, with increase in net OI by 34440 contracts (includes 88527 longs to 75437 shorts for the day) and the Average Price comes to 8515.97.
  • FII’s Index future open contract as on date is 661482 Longs to 95990 Shorts, net long 565492 up by 13090 contracts.
  • Initial and best support now at 8300, with huge OI of 51.69 lacs and below that at 8200 with OI of just 32.86 lacs.
  • Initial resistance at 8400, with huge OI addition of 10.36 lacs and above that at 8500 with highest OI of 60.98 lacs.
  • Day Range as per Option Table is 8306 - 8429 and as per VIX is 8286 - 8395 with 8372 as the Pivot.
India VIX : 12.50 up by 0.29 points
Call OI : 46268625
Put OI : 41299350
PCR OI : 0.893
SMR : 14.00 (Bearish with Caution: ...)

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