Wednesday, December 24, 2014

Option Open Interest for 24-12-2014

Inference
The index opened flat and stayed within a narrow range but saw huge profit booking in the last hour of trade to close below the psychological level of 8200 at 8174.10, huge loss of 92.90 points. The broader market was also negative, with 715 advances to 784 declines. Range as per OI Table at the start of the series is 8000-8400.
  • Call option 8000-8800 added huge 63.11 lacs OI.
  • Put option 8800-7600 added huge 55.81 lacs OI.
  • Nifty Open Interest is at 2,08,62,425 up by huge 49,18,575, with decrease in price, 100% rollover with huge short build-up.
  • Bank Nifty Open Interest is at 16,39,825 up by 5,07,575, with decrease in price, 100% rollover with huge short build-up.
  • FII’s sold 15.59 lacs Futures, which includes 312879 contracts long liquidation and 239066 contracts short covering, with decrease in net OI by 551945 contracts (includes 151786 longs to 214156 shorts for the day) and the Average Price comes to 8492.35.
  • FII’s Index future open contract as on date is 543997 Longs to 75003 Shorts, net long 468994 down by 73813 contracts.
  • Initial support at 8200, with OI 32.55 lacs and below that at 8000 with highest OI of 39.35 lacs.
  • Initial resistance at 8300, with huge addition of 10.14 lacs and above that at 8400 with huge OI of 30.89 lacs.
  • Day Range as per Option Table is 8125 - 8273 and as per VIX is 8110 - 8239 with 8205 as the Pivot.
India VIX : 15.07 down by 0.23 points
Call OI : 22035150
Put OI : 27481950
PCR OI : 1.247
SMR : 12.08 (Bearish - Sell on Rise but stay cautious at lower levels...)