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...)