Friday, December 12, 2014

Option Open Interest for 12-12-2014

Inference
The index opened flat to positive but saw huge profit booking making lower lows with each passing hour to the day near the lows at 8224.10, huge loss of 68.80 points. The broader market was also very weak, with just 357 advances to 1173 declines. Range as per OI Table comes to 8100-8600.
  • Call option 8200-8400 added huge 20.20 lacs OI with profit booking seen at 8500 and above strike prices.
  • Put option 8100-7900 added huge 12.78 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 2,31,46,075 up by 10,02,650, with decrease in price, probably short build-up.
  • Bank Nifty Open Interest is at 17,72,800 down by 14,400, with decrease in price, probably long liquidation.
  • FII’s bought 3.64 lacs Futures, which includes 37670 contracts long build-up and 23121 contracts short build-up, with increase in net OI by 60791 contracts (includes 82361 longs to 67812 shorts for the day) and the Average Price comes to 8401.37.
  • FII’s Index future open contract as on date is 673035 Longs to 161728 Shorts, net long 511307 up by 14549 contracts.
  • Initial and best support now at 8200, with huge OI of 42.81 lacs and below that at 8100 with OI of 42.16 lacs.
  • Initial resistance at 8300, with huge OI addition of 9.66 lacs and above that at 8400 with huge OI of 48.78 lacs.
  • Day Range as per Option Table is 8188 - 8309 and as per VIX is 8165 - 8283 with 8254 as the Pivot.
India VIX : 13.75 np by 0.98 points
Call OI : 50372200
Put OI : 40859475
PCR OI : 0.811
SMR : 16.95 (Bearish with Caution...)