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)