Monday, December 15, 2014

Option Open Interest for 15-12-2014

Inference
The index opened huge gap-down around 8160 but saw buying interest and covered the early loss to move into positive but closed just below at 8219.60, minuscule loss of 4.50 points. The broader market was also very weak, with just 519 advances to 1005 declines. Range as per OI Table comes to 8100-8500.
  • Call option 8200-8400 added huge 18.30 lacs OI with profit booking seen at 8500 and above strike prices.
  • Put option 8200-7800 added huge 22.29 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 2,35,45,800 up by 3,99,725, with no change in price, probably short/long build-up.
  • Bank Nifty Open Interest is at 16,82,625 down by 90,175, with increase in price, probably short covering.
  • FII’s bought 1.66 lacs Futures, which includes 7622 contracts long build-up and 984 contracts short build-up, with increase in net OI by 8606 contracts (includes 81331 longs to 74693 shorts for the day) and the Average Price comes to 8403.31.
  • FII’s Index future open contract as on date is 680657 Longs to 162712 Shorts, net long 517945 up by 6638 contracts.
  • Initial and best support now at 8200, with huge OI of 49.29 lacs and below that at 8100 with OI of 46.64 lacs.
  • Initial resistance at 8300, with huge OI addition of 8.16 lacs and above that at 8400 with huge OI of 55.38 lacs.
  • Day Range as per Option Table is 8150 - 8277 and as per VIX is 8159 - 8280 with 8205 as the Pivot.
India VIX : 14.02 up by 0.27 points
Call OI : 50883000
Put OI : 42103475
PCR OI : 0.827
SMR : 16.94 (Bearish with Caution: ...)