Wednesday, December 17, 2014

Option Open Interest for 17-12-2014

Inference
The index opened weak around 8041 and after seeing a jerk towards the highs of the saw huge unwinding to move below the psychological level of 8000 to make a low at 7961. Value buying saw the index close at 8029.80, loss of 37.80 points. The broader market was also weak, with 523 advances to 1019 declines. Range as per OI Table comes to 8000-8500.
  • Call option 8000-8200 added huge 30.35 lacs OI with profit booking seen at 8300 and above strike prices.
  • Put option 7900-7700 added huge 34.00 lacs OI with short covering seen at 8100 and above strike prices.
  • Nifty Open Interest is at 2,39,62,050 up by 12,400, with decrease in price, probably small short build-up.
  • Bank Nifty Open Interest is at 16,01,775 down by 1,64,925, with small increase in price, probably long liquidation.
  • FII’s sold 6.17 lacs Futures, which includes 6376 contracts long liquidation and 18291 contracts short build-up, with increase in net OI by 11915 contracts (includes 117718 longs to 142385 shorts for the day) and the Average Price comes to 8198.23.
  • FII’s Index future open contract as on date is 654642 Longs to 186087 Shorts, net long 468555 down by huge 24667 contracts.
  • Initial and best support at 8000, with highest OI of 60.98 lacs and below that at 7900 with OI of just 30.96 lacs.
  • Initial resistance at 8100, with huge OI addition of 10.07 lacs and above that at 8200 with huge OI of 51.39 lacs.
  • Day Range as per Option Table is 7959 - 8095 and as per VIX is 7959 - 8101 with 8024 as the Pivot.
India VIX : 16.93 up by 0.62 points
Call OI : 57069325
Put OI : 42595950
PCR OI : 0.746
SMR : 22.68 (Bearish with Caution as Index near the Best Support: ...)