Thursday, January 29, 2015

Option Open Interest for 29-01-2015

Inference
The index opened weak and stayed weak for most of the session of trade but saw huge short covering rally in the last 30 minutes to close near the top at 8952.35, gain of 38.05 points. The broader market though was negative, with 726 advances to 791 declines. Initial Developing Range as per Option Table comes to 8500-9200.
  • Call option 8500-9300 added huge 22.44 lacs OI.
  • Put option 9000-8000 added huge 44.56 lacs OI.
  • Nifty Open Interest is at 2,47,46,250 up by 43,20,300, with increase in price, most probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 19,26,550 up by 4,13,775, with decrease in price, mostly roll-over with some liquidation.
  • FII’s bought huge 19.12 lacs Futures, which includes 167755 contracts long liquidation and 165391 contracts short covering, with decrease in net OI by 333146 contracts (includes 381912 longs to 305427 shorts for the day) and the Average Price comes to 9162.48.
  • FII’s Index future open contract as on date is 829727 Longs to 100208 Shorts, net long 729519 down by 2364 contracts.
  • Initial support at 8800, with huge OI of 22.61 lacs and below that at 8500 with OI of 22.30 lacs.
  • Initial and best resistance at 9000, with huge OI of 34.71 lacs and above that at 9200 with OI of 19.79 lacs.
  • Day Range as per Option Table is 8857 - 9007 and as per VIX is 8861 - 9043 with 8927 as the Pivot.
India VIX : 19.43 down by 0.34 points
Call OI : 22415250
Put OI : 24491025
PCR OI : 1.093
SMR : 17.78 (Bullish: Option Table for Feb looks good for the Bulls with only resistance of note around 9000 Level)

Wednesday, January 28, 2015

Option Open Interest for 28-01-2015

Inference
The index opened flat to negative, but gathered strength to move up to the highs of the day just below 9000. Selling at higher levels saw the index close flat at 8914.30, small gain of 3.80 points. The broader market was negative, with 551 advances to 985 declines. The range as per OI Table comes to 8800-9000 for Expiry.
  • Call option 8950-9100 added huge 21.97 lacs OI with short covering seen at 8800 and lower strike prices.
  • Put option 8950-8800 added huge 14.10 lacs OI with profit booking seen at 8700 and lower strike prices.
  • Nifty Open Interest is at 1,07,14,875 down by 53,65,025, whereas Feb series added 84.04 lacs, with no change in price, most probably 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 15,80,675 down by 4,15,000, whereas Feb series added 4.33 lacs with decrease in price, most probably 100% roll-over with small short build-up.
  • FII’s sold huge 15.28 lacs Futures, which includes 69444 contracts long build-up and 130568 contracts short build-up, with increase in net OI by 200012 contracts (includes 399799 longs to 460923 shorts for the day) and the Average Price comes to 9405.43.
  • FII’s Index future open contract as on date is 997482 Longs to 265599 Shorts, net long 731883 down by huge 61124 contracts.
  • Initial and excellent support at 8800, with huge OI of 47.95 lacs and below that at 8700 with OI of 43.34 lacs.
  • Initial resistance at 8950, with OI of 29.58 lacs and above that at 9000 with highest OI of 52.38 lacs.
  • Day Range as per Option Table is 8846 - 8994 and as per VIX is 8822 - 9007 with 8924 as the Pivot.
India VIX : 19.77 up by 1.68 points
Call OI : 28150325
Put OI : 52535725
PCR OI : 1.866
SMR : 10.59 (Bullish - As per Option Table, Expiry could happen just below 8950, with highest OI at 9000CE Level)

Tuesday, January 27, 2015

Option Open Interest for 27-01-2015

Inference
The index opened gap-up above 8870 and stayed in a narrow range for the better part of the day and saw huge buying interest in last hour to scale 8900 making a high of 8925 but closed just below at 8910.50, gain of 74.90 points. The broader market though was negative, with 728 advances to 812 declines. The range as per OI Table has boiled down to 8700-9000 till Expiry.
  • Call option 8900-9000 added huge 18.94 lacs OI with short covering seen at 8800 and lower strike prices.
  • Put option 9000-8700 added huge 28.15 lacs OI with profit booking seen at 8600 and lower strike prices.
  • Nifty Open Interest is at 1,60,79,900 down by 66,73,450, whereas Feb series added 87.57 lacs, with increase in price, most probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 19,95,675 up by 1,00,750, whereas Feb series also added 4.83 lacs with increase in price, most probably huge long build-up in both series.
  • FII’s bought huge 18.18 lacs Futures, which includes 82814 contracts long build-up and 10079 contracts short build-up, with increase in net OI by 92893 contracts (includes 438760 longs to 366025 shorts for the day) and the Average Price comes to 9408.41.
  • FII’s Index future open contract as on date is 928038 Longs to 135031 Shorts, net long 793007 up by huge 72735 contracts.
  • Initial and excellent support at 8800, with huge OI of 42.10 lacs and below that at 8700 with OI of 47.06 lacs.
  • Initial resistance at 8950, with huge OI addition of 14.08 lacs for the day and above that at 9000 with OI of 47.44 lacs.
  • Day Range as per Option Table is 8821 - 8965 and as per VIX is 8826 - 8995 with 8887 as the Pivot.
India VIX : 18.09 up by 0.20 points
Call OI : 28972325
Put OI : 53916250
PCR OI : 1.861
SMR : 9.72 (Bullish with Caution: The Option Table for the first time is seeing some kind of resistance developing at 8950 with huge addition of more than 14 lacs, and best still at 9000)

Monday, January 26, 2015

Option Open Interest for 23-01-2015

Inference
The index opened huge gap-up on the back of ECB QE and went on to make a high of 8866 within the first few minutes of trade. Profit booking saw the index dip below 8800 but closed higher at 8835.60, gain of 74.20 points. The broader market though was negative, with 524 advances to 1021 declines. The range as per OI Table is 8500-9000 till Expiry.
  • Call option 8850-9200 added huge 13.16 lacs OI with short covering seen at 8700 and lower strike prices.
  • Put option 8900-8700 added huge 33.44 lacs OI with profit booking seen at 8600 and lower strike prices.
  • Nifty Open Interest is at 2,26,54,775 up by 98,575, whereas Feb series also added 10.75 lacs, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 18,94,925 down by 64,375, whereas Feb series added 3.09 lacs with increase in price, most probably 100% roll-over with huge long build-up.
  • FII’s bought huge 14.35 lacs Futures, which includes 61062 contracts long build-up and 3646 contracts short build-up, with increase in net OI by 64708 contracts (includes 123791 longs to 66375 shorts for the day) and the Average Price comes to 9216.08.
  • FII’s Index future open contract as on date is 845224 Longs to 124952 Shorts, net long 720272 up by huge 57416 contracts.
  • Initial and very good support now at 8800, with huge OI addition of 19.98 lacs and below that at 8700 with OI of 46.52 lacs.
  • Initial resistance not at 8900, with OI of 38.63 lacs and above that at 9000 with OI of 43.99 lacs.
  • Day Range as per Option Table is 8760 - 8905 and as per VIX is 8750 - 8921 with 8832 as the Pivot.
India VIX : 17.89 down by 0.68 points
Call OI : 31180725
Put OI : 53680050
PCR OI : 1.722
SMR : 10.39 (Bullish - The Option Table stays solidly in the company of the Bulls with 8800 level now the initial support, best resistance at 9000)

Thursday, January 22, 2015

Option Open Interest for 22-01-2015

Inference
The index opened positive around 8745 and stayed positive throughout the entire session with the only dip around previous days close being bought with ease. The index closed at 8761.40, gain of 31.90 points. The broader market though was negative, with 705 advances to 818 declines. The range as per OI Table is 8500-9000 till Expiry.
  • Call option 8800-9200 added huge 20.82 lacs OI with short covering seen at 8700 and lower strike prices.
  • Put option 8800-8600 added huge 16.57 lacs OI with profit booking seen at 8400 and lower strike prices.
  • Nifty Open Interest is at 2,26,54,775 up by 4,54,900, whereas Feb series also added 4.29 lac, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 19,59,300 down by 78,950, whereas Feb series added 0.51 lacs with increase in price, most probably roll-over with small short covering.
  • FII’s bought huge 11.16 lacs Futures, which includes 35635 contracts long build-up and 9023 contracts short covering, with increase in net OI by 26612 contracts (includes 92183 longs to 47525 shorts for the day) and the Average Price comes to 9041.19.
  • FII’s Index future open contract as on date is 784162 Longs to 121306 Shorts, net long 662856 up by huge 44658 contracts.
  • Initial and very good support now at 8700, with huge OI of 45.11 lacs and below that at 8600 with OI of 52.54 lacs.
  • Initial resistance still at 8800, with OI of 36.43 lacs and above that at 9000 with OI of 43.96 lacs.
  • Day Range as per Option Table is 8677 - 8827 and as per VIX is 8676 - 8847 with 8754 as the Pivot.
India VIX : 18.57 up by 0.86 points
Call OI : 32124150
Put OI : 55914075
PCR OI : 1.741
SMR : 10.67 (Bullish : Another Consolidation, but the PE writers sealed 8700 level, with best resistance only around 9000)

Wednesday, January 21, 2015

Option Open Interest for 21-01-2015

Inference
The index opened positive above 8700 and stayed strong throughout the day with the only dip below 8700 bought with ease. The index closed at 8729.50, gain of 33.90 points. The broader market though was negative, with 627 advances to 917 declines. The range as per OI Table is 8500-8900 till Expiry.
  • Call option 8800-9000 added huge 8.33 lacs OI with short covering seen at 8700 and lower strike prices.
  • Put option 8800-8600 added huge 21.44 lacs OI with profit booking seen at 8500 and lower strike prices.
  • Nifty Open Interest is at 2,21,99,875 up by 4,65,275, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 20,38,250 down by 1,40,850, with increase in price, most probably huge short covering.
  • FII’s bought huge 7.00 lacs Futures, which includes 43639 contracts long build-up and 15634 contracts short build-up, with increase in net OI by 59273 contracts (includes 89857 longs to 61852 shorts for the day) and the Average Price comes to 9033.02.
  • FII’s Index future open contract as on date is 748527 Longs to 130329 Shorts, net long 618198 up by huge 28005 contracts.
  • Initial support now at 8700, with huge OI addition of 7.89 lacs for the day and below that at 8600 with OI of 51.91 lacs.
  • Initial and best resistance at 8800, with OI of 34.56 lacs and above that at 8900 with OI of 32.92 lacs.
  • Day Range as per Option Table is 8642 - 8801 and as per VIX is 8649 - 8810 with 8720 as the Pivot.
India VIX : 17.71 up by 0.44 points
Call OI : 31312500
Put OI : 55503550
PCR OI : 1.773
SMR : 9.99 (Bullish - A Huge up day followed by consolidation seems to be norm and based on OI more highs are possible)

Tuesday, January 20, 2015

Option Open Interest for 20-01-2015

Inference
The index opened up and went to make newer highs with each passing as in a Trend Day to close near the top at 8695.60, huge gain of 144.90 points. The broader market was also positive, with 859 advances to 683 declines. The range as per OI Table is 8400-8800 till Expiry.
  • Call option 8700-9000 added huge 14.18 lacs OI with short covering seen at 8600 and lower strike prices.
  • Put option 8900-8400 added huge 48.50 lacs OI with profit booking seen at 8300 and lower strike prices.
  • Nifty Open Interest is at 2,17,34,600 up by 16,60,225, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 21,79,100 up by 41,350, with increase in price, most probably huge long build-up.
  • FII’s bought huge 20.93 lacs Futures, which includes 114695 contracts long build-up and 13259 contracts short build-up, with increase in net OI by 110221 contracts (includes 169323 longs to 85620 shorts for the day) and the Average Price comes to 9070.72.
  • FII’s Index future open contract as on date is 704888 Longs to 114695 Shorts, net long 590193 up by huge 83703 contracts.
  • Initial support now at 8600, with huge OI addition of 22.16 lacs for the day and below that at 8500 with OI of 53.39 lacs.
  • Initial and best resistance at 8700, with OI of 48.07 lacs and above that at 8800 with OI of 33.39 lacs.
  • Day Range as per Option Table is 8583 - 8753 and as per VIX is 8617 - 8774 with 8659 as the Pivot.
India VIX : 17.27 down by 0.38 points
Call OI : 33076400
Put OI : 57388525
PCR OI : 1.735
SMR : 9.95 (Bullish : The Bullish OI Table saw another day of huge upmove to close just below 8700 with PCR OI at 1.735)

Monday, January 19, 2015

Option Open Interest for 19-01-2015

Inference
The index opened up around 8550 and stayed positive within a narrow range of 40 points and closed a DOJI at 8550.70, gain of 36.90 points. The broader market was also strong, with 929 advances to 597 declines. The range as per OI Table is 8300-8700.
  • Call option 8700-8900 added huge 5.54 lacs OI with short covering seen at 8400 and lower strike prices.
  • Put option 8600-8300 added huge 25.98 lacs OI with profit booking seen at 8100 and lower strike prices.
  • Nifty Open Interest is at 2,00,74,375 down by 625, with increase in price, most probably small short covering.
  • Bank Nifty Open Interest is at 21,37,750 up by 11,525, with increase in price, most probably long build-up.
  • FII’s bought small 0.33 lacs Futures, which includes 1785 contracts long build-up and 455 contracts short build-up, with increase in net OI by 2240 contracts (includes 46764 longs to 45434 shorts for the day) and the Average Price comes to 8942.27.
  • FII’s Index future open contract as on date is 607926 Longs to 101436 Shorts, net long 506490 up by 1330 contracts.
  • Initial support now at 8500, with huge OI addition of 12.36 lacs for the day and below that at 8400 with OI of 54.90 lacs.
  • Initial resistance still at 8600, with OI of 43.45 lacs and above that at 8700 with OI of 45.47 lacs.
  • Day Range as per Option Table is 8471 - 8633 and as per VIX is 8472 - 8630 with 8551 as the Pivot.
India VIX : 17.65 up by 0.37 points
Call OI : 33809325
Put OI : 55185675
PCR OI : 1.632
SMR : 10.81 (Bullish - OI Table looks highly Bullish with resistance of note only at 8700, Support starts from 8500...)

Friday, January 16, 2015

Option Open Interest for 16-01-2015

Inference
The index opened flat to positive, and after an initial dip towards the lows of the day saw the buyer back in action to move the index back in green and close above the psychological level of 8500 at 8513.80, gain of 19.65 points. The broader market though was weak, with 690 advances to 831 declines. The broader range as per OI Table is 8200-8700.
  • Call option 8800-8900 added huge 6.55 lacs OI with short covering seen at 8400 and lower strike prices.
  • Put option 8600-8200 added huge 17.09 lacs OI with profit booking seen at 8100 strike price.
  • Nifty Open Interest is at 2,00,75,000 down by 5,70,950, with small increase in price, most probably huge short covering/long liquidation.
  • Bank Nifty Open Interest is at 21,26,225 up by 20,350, with increase in price, most probably long build-up.
  • FII’s sold huge 9.45 lacs Futures, which includes 34431 contracts long liquidation and 3379 contracts short build-up, with decrease in net OI by 31052 contracts (includes 55886 longs to 93696 shorts for the day) and the Average Price comes to 8846.42.
  • FII’s Index future open contract as on date is 606141 Longs to 100981 Shorts, net long 505160 down by 37810 contracts.
  • Initial support now at 8500, with huge OI addition of 6.27 lacs for the day and below that at 8400 with OI of 49.23 lacs.
  • Initial and best resistance at 8600, with OI of 46.47 lacs and above that at 8700 with OI of 44.93 lacs.
  • Day Range as per Option Table is 8416 - 8590 and as per VIX is 8437 - 8591 with 8499 as the Pivot.
India VIX : 17.28 up by 1.12 points
Call OI : 34609825
Put OI : 53534625
PCR OI : 1.547
SMR : 11.17 (Bullish : Bullish Consolidation was the order of the day, with huge addition at 8500-8300PE Level)

Thursday, January 15, 2015

Option Open Interest for 15-01-2015

Inference
The index opened huge gap-up on the back of 25 bps interest rate reduction by the RBI governor and went on to scale 8500 making a high of 8527.10 but closed just below at 8494.15, huge-huge gain of 216.60 points. The broader market was also strong, with 986 advances to 561 declines. The broader range as per OI Table is 8100-8700.
  • Call option 8600-8900 added huge 40.35 lacs OI with short covering seen at 8500 and lower strike prices.
  • Put option 8800-8300 added huge 61.20 lacs OI with profit booking seen at 8100 and below strike prices.
  • Nifty Open Interest is at 2,06,45,950 up by 30,68,375, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 21,05,875 down by 87,350, with increase in price, most probably huge short covering.
  • FII’s bought huge 42.42 lacs Futures, which includes 156948 contracts long build-up and 12717 contracts short covering, with increase in net OI by 144231 contracts (includes 276700 longs to 107035 shorts for the day) and the Average Price comes to 8773.72.
  • FII’s Index future open contract as on date is 640572 Longs to 97602 Shorts, net long 542970 up by 169665 contracts.
  • Initial support at 8400, with huge OI addition of 29.42 lacs for the day and below that at 8300 with OI of 46.96 lacs.
  • Initial and weak resistance at 8500, with OI of just 33.69 lacs and above that at 8600 with OI of 48.17 lacs.
  • Day Range as per Option Table is 8383 - 8566 and as per VIX is 8422 - 8566 with 8467 as the Pivot.
India VIX : 16.16 down by 1.09 points
Call OI : 35339225
Put OI : 51467475
PCR OI : 1.456
SMR : 11.10 (Bullish - The Bullish OI Table came to forefront with huge up-move and now 8400 looks like a good support...)

Wednesday, January 14, 2015

Option Open Interest for 14-01-2015

Inference
The index opened flat just above 8300 and went on to touch the highs of the day at 8326 only to be sold to lows at 8237, but some lower level buying saw the index close at 8277.55, still a small loss of 21.85 points. The broader market was also weak, with 597 advances to 938 declines. The Larger Range as per OI Table is 8000-8500.
  • Call option 8300-8500 added 8.43 lacs OI with profit booking seen at 8600 and 8900 strike price.
  • Put option 8000-7900 added huge 6.07 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,75,77,575 down by 4,06,175, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 21,93,225 up by 83,425, with decrease in price, most probably short build-up.
  • FII’s bought 2.47 lacs Futures, which includes 4113 contracts long build-up and 5788 contracts short covering, with decrease in net OI by 1675 contracts (includes 68616 longs to 58715 shorts for the day) and the Average Price comes to 8640.05.
  • FII’s Index future open contract as on date is 483624 Longs to 110319 Shorts, net long 373305 up by 9901 contracts.
  • Initial support still at 8200, with huge OI of 51.01 lacs and below that at 8100 with huge OI of 55.97 lacs.
  • Initial and best resistance at 8400, with OI of 48.81 lacs and above that at 8500 with OI of 47.50 lacs.
  • Day Range as per Option Table is 8204 - 8358 and as per VIX is 8203 - 8352 with 8280 as the Pivot.
India VIX : 17.25 up by 0.77 points
Call OI : 36152600
Put OI : 47471525
PCR OI : 1.313
SMR : 13.14 (Bullish : Though the index closed weak for the second day in a row, but the OI Table still looks good)

Tuesday, January 13, 2015

Option Open Interest for 13-01-2015

Inference
The index opened up around the high of the day and stayed in a narrow range only to see some sell-off to the lows of the day at 8268, but closed a bit up at 8299.40, still loss of 23.60 points. The broader market was also weak, with 674 advances to 859 declines. The Larger Range as per OI Table is 8000-8700.
  • Call option 8400-8700 added huge 7.94 lacs OI with small short covering seen at 8100 and below strike prices.
  • Put option 8300-8200 added huge 7.32 lacs OI with profit booking seen at 8100 strike price.
  • Nifty Open Interest is at 1,79,83,750 up by 4,29,825, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 21,09,800 down by 1,32,550, with decrease in price, most probably huge long liquidation.
  • FII’s bought huge 5.31 lacs Futures, which includes 33824 contracts long build-up and 12582 contracts short build-up, with increase in net OI by 46406 contracts (includes 80826 longs to 59584 shorts for the day) and the Average Price comes to 8645.97.
  • FII’s Index future open contract as on date is 479511 Longs to 116107 Shorts, net long 363404 up by 21242 contracts.
  • Initial and very good support at 8200, with huge OI of 55.38 lacs and below that at 8100 with huge OI of 58.42 lacs.
  • Initial and best resistance still at 8400, with OI of 46.03 lacs and above that at 8500 with OI of 44.30 lacs.
  • Day Range as per Option Table is 8228 - 8383 and as per VIX is 8228 - 8371 with 8308 as the Pivot.
India VIX : 16.48 up by 0.37 points
Call OI : 35349175
Put OI : 47501400
PCR OI : 1.344
SMR : 12.26 (Bullish - Option Table still is firmly with the Bulls with super support around 8200-8000 level...)

Monday, January 12, 2015

Option Open Interest for 12-01-2015

Inference
The index opened flat to positive but stayed in a narrow range for the first few hours of trade only to see huge buying interest to close near the high of the day at 8323.00, gain of 38.50 points. The broader market was also strong, with 909 advances to 636 declines. The Range as per OI Table is 8100-8500.
  • Call option 8500 added 0.90 lacs OI with huge short covering seen at 8400 and below strike prices.
  • Put option 8500-8000 added huge 19.14 lacs OI with profit booking seen at 7900 strike price.
  • Nifty Open Interest is at 1,75,53,925 up by 4,42,575, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 22,42,350 up by 72,175, with increase in price, most probably huge long build-up.
  • FII’s sold 2.63 lacs Futures, which includes 9917 contracts long build-up and 20450 contracts short build-up, with increase in net OI by 30367 contracts (includes 50992 longs to 61525 shorts for the day) and the Average Price comes to 8866.06.
  • FII’s Index future open contract as on date is 445687 Longs to 103525 Shorts, net long 342162 down by 10533 contracts.
  • Initial support now at 8300, with huge OI of 43.28 lacs and below that at 8200 with huge OI of 50.27 lacs.
  • Initial and best resistance still at 8400, with OI of 44.17 lacs and above that at 8500 with OI of 42.79 lacs.
  • Day Range as per Option Table is 8227 - 8388 and as per VIX is 8253 - 8393 with 8300 as the Pivot.
India VIX : 16.11 up by 0.15 points
Call OI : 34441025
Put OI : 46603325
PCR OI : 1.353
SMR : 11.91 (Bullish : The PE writers have mostly made sure that the lower level around 8200-8000 will hold till expiry…)