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...)