Tuesday, December 23, 2014

Option Open Interest for 23-12-2014

Inference
The index opened flat and went on to make a high around 8365 but saw huge profit booking to move to the lows of the day at 8253 and closed at 8267.00, huge loss of 57.00 points. The broader market was also negative, with 488 advances to 1030 declines. Range as per OI Table for expiry is 8100-8400.
  • Call option 8250-8300 added 23.49 lacs OI with profit booking seen at 8400 and above strike prices.
  • Put option 8250-8200 added huge 7.78 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 1,33,59,375 down by huge 45,90,975, whereas Jan series added 51.54 lacs with decrease in price, 100% rollover some short build-up.
  • Bank Nifty Open Interest is at 8,82,350 down by 4,02,575, whereas Jan series added 2.97 lacs with decrease in price, mostly rollover with long liquidation.
  • FII’s bought 17.89 lacs Futures, which includes 69407 contracts long build-up and 2172 contracts short covering, with increase in net OI by 67235 contracts (includes 362482 longs to 290903 shorts for the day) and the Average Price comes to 8335.52.
  • FII’s Index future open contract as on date is 856876 Longs to 314069 Shorts, net long 542807 up by 71579 contracts.
  • Initial support at 8250, with huge OI addition of 5.59 lacs and below that at 8200 with OI of 49.86 lacs.
  • Initial and best resistance at 8300, with highest OI of 54.49 lacs and above that at 8400 with huge OI of 51.49 lacs.
  • Day Range as per Option Table is 8217 - 8360 and as per VIX is 8201 - 8333 with 8295 as the Pivot.
India VIX : 15.30 up by 1.09 points
Call OI : 44525025
Put OI : 40803325
PCR OI : 0.916
SMR : 16.69 (Neutral : Probable Expiry within the 8200-8300 Range: ...)