Monday, December 22, 2014

Option Open Interest for 22-12-2014

Inference
The index opened up around 8255 and stayed positive for the entire session of trade, taking off during the afternoon session to close near the highs at 8324.00, huge gain of 98.80 points. The broader market was also positive, with 885 advances to 625 declines. Range as per OI Table has narrowed down to 8100-8400.
  • Call option 8350-8400 added 4.85 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8350-8200 added huge 36.32 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 1,79,50,350 down by huge 18,45,575, whereas Jan series added 44.54 lacs with increase in price, 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 12,84,925 down by 1,24,425, whereas Jan series added 3.53 lacs with huge increase in price, 100% rollover with huge long build-up.
  • FII’s bought 1.315 lacs Futures, which includes 99753 contracts long build-up and 94493 contracts short build-up, with increase in net OI by 194246 contracts (includes 258144 longs to 252884 shorts for the day) and the Average Price comes to 8468.91.
  • FII’s Index future open contract as on date is 787469 Longs to 316241 Shorts, net long 471228 up by 5260 contracts.
  • Initial support at 8300, with huge OI addition of 21.58 lacs and below that at 8200 with OI of 47.67 lacs.
  • Initial resistance at 8350, with OI of 21.45 lacs and above that at 8400 with highest OI of 52.76 lacs.
  • Day Range as per Option Table is 8231 - 8375 and as per VIX is 8262 - 8386 with 8294 as the Pivot.
India VIX : 14.21 down by 0.30 points
Call OI : 45565875
Put OI : 44807425
PCR OI : 0.983
SMR : 14.45 (Bullish - Time for the Bears to feel the heat again...)