Wednesday, December 10, 2014

Option Open Interest for 10-12-2014

Inference
The index saw a gap-down open but saw some buying interest to move above previous day close and oscillated within a narrow range to close just positive at 8355.65, gain of 14.95 points. The broader market was also positive, with 963 advances to 559 declines. Range has narrowed down to 8300-8600.
  • Call option 8300-8600 added huge 11.75 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8200, 8000 added huge 7.82 lacs OI with short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 2,19,81,675 down by 1,49,225, with small increase in price, probably long liquidation/short covering.
  • Bank Nifty Open Interest is at 18,50,550 up by 14,075, with increase in price, probably long build-up.
  • FII’s sold huge 8.95 lacs Futures, which includes 21573 contracts long liquidation and 14237 contracts short build-up, with decrease in net OI by 7336 contracts (includes 32627 longs to 68437 shorts for the day) and the Average Price comes to 8598.32.
  • FII’s Index future open contract as on date is 639909 Longs to 110227 Shorts, net long 529682 down by huge 35810 contracts.
  • Initial and best support still at 8300, with huge OI of 46.33 lacs and below that at 8200 with OI of just 39.11 lacs.
  • Initial resistance at 8400, with huge OI addition of 5.45 lacs and above that at 8500 with huget OI of 62.81 lacs.
  • Day Range as per Option Table is 8294 - 8413 and as per VIX is 8302 - 8409 with 8350 as the Pivot.
India VIX : 12.24 down by 0.26 points
Call OI : 47296450
Put OI : 40799850
PCR OI : 0.863
SMR : 14.19 (Bearish with Caution...)