Saturday, December 27, 2014

Option Open Interest for 26-12-2014

Inference
The index opened strong above 8200 but saw profit booking to the lows of the day around 8148 but saw lower level buying to close the day at 8200.70, gain of 26.60 points. The broader market was also positive, with 775 advances to 746 declines. Range as per OI Table developing at the start of the series is 8000-8400.
  • Call option 8200-8700 added huge 16.74 lacs OI.
  • Put option 8200-7600 added huge 23.74 lacs OI with short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 2,07,15,000 down by 1,47,425, with not much change in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 17,21,625 up by 81,800, with not much change in price, most probably short build-up.
  • FII’s sold 0.46 lacs Futures, which includes 2789 contracts long liquidation and 960 contracts short covering, with decrease in net OI by 3749 contracts (includes 17330 longs to 19159 shorts for the day) and the Average Price comes to 8490.84.
  • FII’s Index future open contract as on date is 541208 Longs to 74043 Shorts, net long 467165 down by 1829 contracts.
  • Initial support at 8200, with OI 34.68 lacs and below that at 8000 with highest OI of 43.28 lacs.
  • Initial resistance at 8300, with OI 30.12 lacs and above that at 8400 with huge OI of 33.09 lacs.
  • Day Range as per Option Table is 8124 - 8270 and as per VIX is 8138 - 8264 with 8194 as the Pivot.
India VIX : 14.65 down by 0.43 points
Call OI : 24250325
Put OI : 30454100
PCR OI : 1.256
SMR : 11.66 (Bearish : Though Option Table looks good around 8200: ...)