Tuesday, December 30, 2014

Option Open Interest for 30-12-2014

Inference
The index opened positive around 8260 but saw profit booking to the lows of 8220 but went on to close flat at 8248.25, small gain of 1.95 points. The broader market was also positive, with 775 advances to 738 declines. Range as per OI Table developing at the start of the series is 8100-8400.
  • Call option 8200-8900 added huge 11.40 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 8300-7800 added huge 20.94 lacs OI with profit booking seen at 7700 and below strike prices.
  • Nifty Open Interest is at 2,13,17,350 up by 2,20,075, with small increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 19,18,750 up by 1,27,300, with increase in price, most probably long build-up.
  • FII’s bought huge 5.28 lacs Futures, which includes 21762 contracts long build-up and 660 contracts short build-up, with increase in net OI by 22422 contracts (includes 29205 longs to 8103 shorts for the day) and the Average Price comes to 8559.31.
  • FII’s Index future open contract as on date is 592390 Longs to 74310 Shorts, net long 518080 up by 21102 contracts.
  • Initial support at 8300, with OI of 37.52 lacs and below that at 8200 with OI of 44.16 lacs.
  • Initial and best resistance at 8400, with OI of 35.03 lacs and above that at 8600 with OI of 34.13 lacs.
  • Day Range as per Option Table is 8177 - 8314 and as per VIX is 8184 - 8312 with 8246 as the Pivot.
India VIX : 14.86 up by 0.28 points
Call OI : 27220925
Put OI : 36248175
PCR OI : 1.332
SMR : 11.16 (Bullish : The PE writers are slowly and steadily taking over the Option Table: ...)