Monday, December 29, 2014

Option Open Interest for 29-12-2014

Inference
The index opened flat to positive but saw huge buying within the first few minutes to make a high of 8279. Profit booking from higher levels saw the index close at 8246.30, gain of 45.60 points. The broader market was also positive, with 945 advances to 580 declines. Range as per OI Table developing at the start of the series is 8100-8400.
  • Call option 8400-8800 added huge 8.35 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8300-7600 added huge 29.39 lacs OI with not much change in other strike prices.
  • Nifty Open Interest is at 2,10,97,275 up by 3,82,275, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 17,91,450 up by 69,825, with small decrease in price, most probably short build-up.
  • FII’s bought huge 7.45 lacs Futures, which includes 29420 contracts long build-up and 393 contracts short covering, with increase in net OI by 29027 contracts (includes 45801 longs to 15988 shorts for the day) and the Average Price comes to 8527.56.
  • FII’s Index future open contract as on date is 570628 Longs to 73650 Shorts, net long 496978 up by 29813 contracts.
  • Initial support at 8300, with OI of 34.96 lacs and below that at 8200 with OI of 39.82 lacs.
  • Initial and best resistance at 8400, with OI of 34.49 lacs and above that at 8600 with OI of 33.07 lacs.
  • Day Range as per Option Table is 8176 - 8320 and as per VIX is 8183 - 8309 with 8247 as the Pivot.
India VIX : 14.58 down by 0.07 points
Call OI : 25474225
Put OI : 33712250
PCR OI : 1.323
SMR : 11.02 (Bullish - Supports getting better with each passing day...)