Tuesday, December 16, 2014

Option Open Interest for 16-12-2014

Inference
The index opened weak below 8200 and saw huge selling pressure to close below 8100 for the first time after 50 days at 8067.60, huge loss of 152.00 points. The broader market was also very weak, with just 184 advances to 1371 declines. Range as per OI Table comes to 8000-8500.
  • Call option 8000-8300 added huge 65.00 lacs OI with profit booking seen at 8400 and above strike prices.
  • Put option 8000-7700 added huge 27.60 lacs OI with short covering seen at 8200 and above strike prices.
  • Nifty Open Interest is at 2,39,49,650 up by 4,03,850, with huge decrease in price, probably short build-up.
  • Bank Nifty Open Interest is at 17,66,700 up by 84,075, with huge decrease in price, probably short build-up.
  • FII’s sold 6.18 lacs Futures, which includes 19639 contracts long liquidation and 5084 contracts short build-up, with decrease in net OI by 14555 contracts (includes 143477 longs to 168200 shorts for the day) and the Average Price comes to 8246.13.
  • FII’s Index future open contract as on date is 661018 Longs to 167796 Shorts, net long 493222 down by huge 24723 contracts.
  • Initial support now at 8100, with huge OI of 46.59 lacs and below that at 8000 with highest OI of 63.86 lacs.
  • Initial resistance at 8200, with huge OI addition of 27.56 lacs and above that at 8300 with huge OI of 53.06 lacs.
  • Day Range as per Option Table is 8029 - 8160 and as per VIX is 7999 - 8136 with 8103 as the Pivot.
India VIX : 16.31 up by 2.29 points
Call OI : 55052600
Put OI : 42445575
PCR OI : 0.771
SMR : 21.15 (Highly Bearish but need to be Cautious with shorts at lower Level...)