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…)