Thursday, December 18, 2014

Option Open Interest for 18-12-2014

Inference
The index opened huge up on the back of good global cues and after an initial dip went up and up to close near the highs at 8159.30, huge gain of 129.50 points. The broader market was also strong, with 1323 advances to 216 declines. Range as per OI Table comes to 8000-8500.
  • Call option 8200, 8400 added 1.70 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8200-8100 added huge 7.43 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 2,20,41,150 down by huge 19,20,900, whereas Jan series added 13.57 lacs with increase in price, mostly rollover with huge short covering.
  • Bank Nifty Open Interest is at 16,14,450 up by 12,675, whereas Jan series added 0.56 lacs with huge increase in price, probably long build-up.
  • FII’s bought 0.43 lacs Futures, which includes 15473 contracts long build-up and 13736 contracts short build-up, with increase in net OI by 29209 contracts (includes 115299 longs to 113562 shorts for the day) and the Average Price comes to 8345.92.
  • FII’s Index future open contract as on date is 670115 Longs to 199823 Shorts, net long 470292 up by 1737 contracts.
  • Initial support at 8100, with OI of 44.18 lacs and below that at 8000 with huge OI of 51.70 lacs.
  • Initial resistance at 8200, with huge OI of 52.64 lacs and above that at 8300 with OI of 50.25 lacs.
  • Day Range as per Option Table is 8074 - 8215 and as per VIX is 8097 - 8222 with 8140 as the Pivot.
India VIX : 14.60 down by 2.33 points
Call OI : 53669750
Put OI : 42002025
PCR OI : 0.783
SMR : 18.66 (Neutral - Superb Comeback by the Bulls, but need a follow-up action...)