Saturday, December 20, 2014

Option Open Interest for 19-12-2014

Inference
The index opened huge up around 8230 and stayed positive for the entire session of trade within a narrow range and closed around the same level at 8225.20, huge gain of 65.90 points. The broader market was also positive, with 815 advances to 709 declines. Range as per OI Table has narrowed down to 8100-8500.
  • Call option 8400 added 2.17 lacs OI with short covering seen at 8200 and below strike prices.
  • Put option 8300-8000 added huge 18.18 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,97,95,925 down by huge 22,45,225, whereas Jan series added 27.22 lacs with increase in price, 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 14,09,350 down by 2,05,100, whereas Jan series added 1.66 lacs with huge increase in price, mostly rollover with short covering.
  • FII’s sold 1.08 lacs Futures, which includes 17601 contracts long build-up and 21925 contracts short build-up, with increase in net OI by 39526 contracts (includes 202316 longs to 206640 shorts for the day) and the Average Price comes to 8381.14.
  • FII’s Index future open contract as on date is 687716 Longs to 221748 Shorts, net long 465968 down by 4324 contracts.
  • Initial support at 8200, with huge OI addition of 5.92 lacs and below that at 8100 with OI of 46.43 lacs.
  • Initial resistance at 8300, with OI of 49.16 lacs and above that at 8400 with huge OI of 51.48 lacs.
  • Day Range as per Option Table is 8158 - 8301 and as per VIX is 8163 - 8288 with 8232 as the Pivot.
India VIX : 14.51 down by 0.09 points
Call OI : 51264725
Put OI : 43680500
PCR OI : 0.852
SMR : 17.03 (Bullishly Inclined: ...)