Saturday, February 28, 2015

Option Open Interest for 28-02-2015

Inference
The index opened strong above 8900 but saw huge volatile movement during General Budget speech but ultimately closed strong at 8901.85, huge gain of 57.25 points. The broader market though was weak, with 598 advances to 863 declines. Developing Range as per Option Table comes to 8500-9000.
  • Call option 8900-9400 added huge 23.04 lacs OI with small short covering seen at 8800 and lower strike prices.
  • Put option 9000-8300 added huge 28.24 lacs OI with profit booking seen at 8200 and lower strike prices.
  • Nifty Open Interest is at 2,57,10,675 up by 15,17,850, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 20,23,750 up by 26,650, with increase in price, most probably huge long build-up.
  • FII’s bought huge 21.75 lacs Futures, which includes 59952 contracts long build-up and 27044 contracts short covering, with increase in net OI by 32908 contracts (includes 158309 longs to 71313 shorts for the day) and the Average Price comes to 9025.55.
  • FII’s Index future open contract as on date is 784158 Longs to 84040 Shorts, net long 700118 up by huge 86996 contracts.
  • Initial support at 8800, with huge addition of 8.80 lacs OI for the day and below that at 8500 with OI of 42.85 lacs.
  • Initial and best resistance at 9000, with highest OI of 57.88 lacs.
  • Day Range as per Option Table is 8784 - 8965 and as per VIX is 8823 - 8981 with 8865 as the Pivot.
India VIX : 16.97 down by 2.60 points
Call OI : 30710750
Put OI : 29737550
PCR OI : 0.968
SMR : 17.53 (Bullish with Caution: Budget day saw the index oscillate between red and green but ended strong with support building up around 8800...)

Friday, February 27, 2015

Option Open Interest for 27-02-2015

Inference
The index opened up around 8729 and stayed positive throughout the entire day of trade, making higher highs with each passing hour to close near the top at 8844.60, huge gain of 160.75 points. The broader market was also strong, with 1078 advances to 420 declines. Developing Range as per Option Table at start of series comes to 8500-9000.
  • Call option 8800-9400 added huge 48.06 lacs OI with small short covering seen at 8700 strike price.
  • Put option 8900-8100 added huge 37.33 lacs OI with not much change at other strike prices.
  • Nifty Open Interest is at 2,41,92,825 up by 2,08,000, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 19,97,100 down by 60,075, with increase in price, most probably huge short covering.
  • FII’s bought huge 11.44 lacs Futures, which includes 35219 contracts long build-up and 10533 contracts short covering, with increase in net OI by 24686 contracts (includes 111594 longs to 65842 shorts for the day) and the Average Price comes to 8840.08.
  • FII’s Index future open contract as on date is 724206 Longs to 111084 Shorts, net long 613122 up by 45752 contracts.
  • Initial and best support at 8500, with OI of 42.70 lacs.
  • Initial and best resistance at 9000, with highest OI of 52.79 lacs.
  • Day Range as per Option Table is 8733 - 8899 and as per VIX is 8754 - 8935 with 8806 as the Pivot.
India VIX : 19.57 down by 1.01 points
Call OI : 27869775
Put OI : 27117825
PCR OI : 0.973
SMR : 20.11 (Bullish with Caution: Price action for the day was Bullish, but PCR has gone below 1, so need to be Cautious as higher levels...)

Thursday, February 26, 2015

Option Open Interest for 26-02-2015

Inference
The index opened positive around 8779 but saw huge unwinding on Expiry day with all up-move sold with ease to close near the lows of the day at 8683.85, huge loss of 83.40 points. The broader market was also weak, with 440 advances to 1037 declines. Developing Range as per Option Table at start of series comes to 8500-9000.
  • Call option 8700-9400 added huge 28.26 lacs OI with small short covering seen at 8300 strike price.
  • Put option 9000-8200 added huge 24.14 lacs OI with profit booking seen at 8100 strike price.
  • Nifty Open Interest is at 2,39,84,825 up by 42,18,625, with decrease in price, 100% rollover with huge short build-up.
  • Bank Nifty Open Interest is at 20,57,175 up by 9,86,550, with decrease in price, 100% rollover with huge short build-up.
  • FII’s sold huge 7.57 lacs Futures, which includes 150513 contracts long liquidation and 138771 contracts short covering, with decrease in net OI by 289284 contracts (includes 176334 longs to 206606 shorts for the day) and the Average Price comes to 8709.76.
  • FII’s Index future open contract as on date is 688987 Longs to 121617 Shorts, net long 567370 down by 11742 contracts.
  • Initial and best support at 8500, with OI of 32.80 lacs.
  • Initial and best resistance at 9000, with highest OI of 38.62 lacs.
  • Day Range as per Option Table is 8630 - 8785 and as per VIX is 8590 - 8777 with 8713 as the Pivot.
India VIX : 20.58 down by 0.20 points
Call OI : 21303975
Put OI : 22370675
PCR OI : 1.050
SMR : 19.60 (Bearish with Caution: New series has started with a huge range of 8500-9000 as per OI table with the index stationed exactly at the centre...)

Wednesday, February 25, 2015

Option Open Interest for 25-02-2015

Inference
The index opened positive above 8800 and went on to make a high around 8840 but say huge selling pressure in the second half to move to the lows of the day at 8751 but closed just positive at 8767.25, small gain of 5.15 points. The broader market though was weak, with 610 advances to 897 declines. Range as per Option Table for Expiry comes to 8700-8900.
  • Call option 8750-8800 added huge 11.78 lacs OI with profit booking seen at 9000 and above strike prices.
  • Put option 8750-8500 added huge 12.46 lacs OI with short covering seen at 8800 and above strike prices.
  • Nifty Open Interest is at 93,56,850 down by 33,41,600, whereas March series added 43.97 lacs with no change in price, 100% rollover with huge short build-up.
  • Bank Nifty Open Interest is at 17,36,175 down by 2,45,175, whereas March series added 4.39 lacs with decrease in price, 100% rollover with huge short build-up.
  • FII’s sold huge 8.55 lacs Futures, which includes 52651 contracts long build-up and 86856 contracts short build-up, with increase in net OI by 139507 contracts (includes 297242 longs to 331447 shorts for the day) and the Average Price comes to 8890.55.
  • FII’s Index future open contract as on date is 839500 Longs to 260388 Shorts, net long 579112 down by 34205 contracts.
  • Initial and best support at 8700, with OI of 50.24 lacs and below that at 8600 with OI of 33.29 lacs.
  • Initial resistance at 8800, with OI of 44.80 lacs and above that at 8900 with huge OI of 56.95 lacs.
  • Day Range as per Option Table is 8708 - 8857 and as per VIX is 8672 - 8863 with 8786 as the Pivot.
Sneak Preview of March Option Table
India VIX : 20.78 down by 0.77 points
Call OI : 37544650
Put OI : 33680175
PCR OI : 0.897
SMR : 23.16 (Bearish with Caution: Expiry day can see huge swing with both 8700 and 8800 level could be tested...)

Tuesday, February 24, 2015

Option Open Interest for 24-02-2015

Inference
The index opened positive at 8773 but stayed within the narrow range of 8700-8800 and closed flat at 8762.10, small gain of 7.15 points. The broader market though was weak, with 551 advances to 941 declines. Range as per Option Table comes to 8500-8900.
  • Call option 8750 added 2.07 lacs OI with profit booking seen at 8900 and above strike prices.
  • Put option 8750-8700 added 4.20 lacs OI with short covering seen at 8800 and above strike prices.
  • Nifty Open Interest is at 1,26,98,450 down by 38,24,925, whereas March series added 51.18 lacs with small increase in price, mostly rollover with long build-up.
  • Bank Nifty Open Interest is at 19,81,350 down by 2,53,325, whereas March series added 2.55 lacs with decrease in price, most probably 100% rollover.
  • FII’s sold 1.97 lacs Futures, which includes 42518 contracts long build-up and 50381 contracts short build-up, with increase in net OI by 92899 contracts (includes 304349 longs to 312212 shorts for the day) and the Average Price comes to 8883.34.
  • FII’s Index future open contract as on date is 786849 Longs to 173532 Shorts, net long 613317 down by 7863 contracts.
  • Initial and best support still at 8700, with OI of 44.96 lacs and below that at 8600 with OI of 30.62 lacs.
  • Initial resistance at 8800, with OI of 39.49 lacs and above that at 8900 with huge OI of 57.32 lacs.
  • Day Range as per Option Table is 8687 - 8840 and as per VIX is 8663 - 8861 with 8763 as the Pivot.
India VIX : 21.55 down by 0.08 points
Call OI : 38540625
Put OI : 33396525
PCR OI : 0.867
SMR : 24.87 (Bearish with Caution: The CE writers covered in huge quantity but OI table is still tilted towards the Bears with 8900-9000 level being super resistance...)

Monday, February 23, 2015

Option Open Interest for 23-02-2015

Inference
The index opened positive at 8857 and stayed in a narrow range only to see huge un-winding in the last 90 minutes of trade to close weak at 8754.95, huge loss of 78.65 points. The broader market was also weak, with 537 advances to 976 declines. Range as per Option Table has come down to 8500-8900.
  • Call option 8700-9000 added huge 32.58 lacs OI with profit booking seen at 9000 and above strike prices.
  • Put option 8750-8700 added 5.99 lacs OI with short covering seen at 8800 and above strike prices.
  • Nifty Open Interest is at 1,65,23,375 down by 64,12,825, whereas March series added 60.59 lacs with decrease in price, mostly rollover with small long liquidation.
  • Bank Nifty Open Interest is at 22,34,675 up by 25,125, whereas March series added 1.20 lacs with decrease in price, most probably short build-up in both series.
  • FII’s bought 1.43 lacs Futures, which includes 6822 contracts long build-up and 1106 contracts short build-up, with increase in net OI by 7928 contracts (includes 318305 longs to 312589 shorts for the day) and the Average Price comes to 8858.78.
  • FII’s Index future open contract as on date is 744331 Longs to 123151 Shorts, net long 621180 up by 5716 contracts.
  • Initial and best support has moved down to 8700, with OI of 43.41 lacs and below that at 8600 with OI of 33.19 lacs.
  • Initial resistance at 8800, with OI of 40.05 lacs and above that at 8900 with huge OI of 61.74 lacs.
  • Day Range as per Option Table is 8696 - 8858 and as per VIX is 8656 - 8854 with 8786 as the Pivot.
India VIX : 21.63 up by 0.36 points
Call OI : 41771875
Put OI : 34983800
PCR OI : 0.837
SMR : 25.83 (Bearish with Caution: The CE writers have taken over the Option Table with 8800-9000 level huge resistance till expiry...)

Sunday, February 22, 2015

Option Open Interest for 20-02-2015

Inference
The index opened flat but saw huge profit booking from the onset with each up-move being sold with ease and the index closing near the lows at 8833.60, huge loss of 61.70 points. The broader market though was flat, with 759 advances to 754 declines. Range as per Option Table comes to 8600-9000.
  • Call option 8800-9200 added huge 30.33 lacs OI with profit booking seen at 9300 and above strike prices.
  • Put option 8700-8600 added 3.68 lacs OI with short covering seen at 8900 and above strike prices.
  • Nifty Open Interest is at 2,29,36,200 down by 19,34,225, whereas March series added 15.96 lacs with decrease in price, mostly rollover with small long liquidation.
  • Bank Nifty Open Interest is at 22,09,550 up by 40,925, whereas March series added 0.31 lacs with decrease in price, most probably short build-up in both series.
  • FII’s sold huge 5.95 lacs Futures, which includes 16536 contracts long liquidation and 7252 contracts short build-up, with decrease in net OI by 9284 contracts (includes 92314 longs to 116102 shorts for the day) and the Average Price comes to 8941.57.
  • FII’s Index future open contract as on date is 737509 Longs to 122045 Shorts, net long 615464 down by 23788 contracts.
  • Initial and best support still at 8800, with OI of 43.02 lacs and below that at 8700 with OI of 38.94 lacs.
  • Initial and very good resistance 8900, with OI of 54.04 lacs and above that at 9000 with highest OI of 73.03 lacs.
  • Day Range as per Option Table is 8768 - 8923 and as per VIX is 8735 - 8932 with 8850 as the Pivot.
India VIX : 21.27 up by 0.87 points
Call OI : 39326975
Put OI : 37623900
PCR OI : 0.957
SMR : 22.23 (NEUTRAL TO BEARISH: Going into the Expiry week the OI Table has turned weak with huge Resistance at 8900-9000 level...)

Thursday, February 19, 2015

Option Open Interest for 19-02-2015

Inference
The index opened flat to positive but saw huge profit booking to the lows of the day at 8794. The responsive buyers took control from thereon to move the index back in green and above 8900 only to close a bit lower at 8895.30, gain of 26.20 points. The broader market though was negative, with 705 advances to 788 declines. Range as per Option Table stays at 8500-9000.
  • Call option 8850-8900 added 1.15 lacs OI with short covering seen at 8800 and below strike prices.
  • Put option 9000-8800 added huge 10.99 lacs OI with profit booking seen at 8400 and below strike prices.
  • Nifty Open Interest is at 2,48,70,425 down by 6,76,775, whereas March series added 6.61 lacs with increase in price, most probably 100% rollover with small short covering.
  • Bank Nifty Open Interest is at 21,68,625 down by 9,775, whereas March series added 0.94 lacs with decrease in price, most probably 100% rollover with huge short build-up.
  • FII’s sold huge 6.16 lacs Futures, which includes 24797 contracts long liquidation and 170 contracts short covering, with decrease in net OI by 24967 contracts (includes 33629 longs to 58256 shorts for the day) and the Average Price comes to 8912.27.
  • FII’s Index future open contract as on date is 754045 Longs to 114793 Shorts, net long 639252 down by 24627 contracts.
  • Initial and best support at 8800, with OI of 43.14 lacs and below that at 8700 with OI of 37.37 lacs.
  • Initial resistance still at 8900, with OI of 46.27 lacs and above that at 9000 with highest OI of 60.86 lacs.
  • Day Range as per Option Table is 8794 - 8955 and as per VIX is 8800 - 8990 with 8868 as the Pivot.
India VIX : 20.40 down by 0.51 points
Call OI : 36728700
Put OI : 38237925
PCR OI : 1.041
SMR : 19.59 (Bullish: Bulls have come back strongly with huge support now at 8800, Resistance starts from 8900 level...)

Wednesday, February 18, 2015

Option Open Interest for 18-02-2015

Inference
The index opened flat and stayed in a narrow range with positive bias and saw huge short covering rally to end the day strong at 8869.10, gain of 59.75 points. The broader market was also strong, with 905 advances to 590 declines. Range as per Option Table stays at 8500-9000.
  • Call option 9000-9100 added huge 7.11 lacs OI with short covering seen at 8800 and below strike prices.
  • Put option 8900-8500 added huge 9.70 lacs OI with profit booking seen at 8200 and below strike prices.
  • Nifty Open Interest is at 2,55,47,200 down by 5,01,075, whereas March series added 5.58 lacs with increase in price, most probably 100% rollover with small long build-up.
  • Bank Nifty Open Interest is at 21,78,400 down by 37,500, whereas March series added just 9825 with increase in price, most probably small rollover with short covering.
  • FII’s bought 2.76 lacs Futures, which includes 7395 contracts long build-up and 3647 contracts short covering, with increase in net OI by 3748 contracts (includes 44094 longs to 33052 shorts for the day) and the Average Price comes to 8885.89.
  • FII’s Index future open contract as on date is 778842 Longs to 114963 Shorts, net long 663879 up by 11042 contracts.
  • Initial support getting better at 8800, with OI of 38.28 lacs and below that at 8700 with OI of 37.42 lacs.
  • Initial resistance still at 8900, with OI of 45.72 lacs and above that at 9000 with highest OI of 66.13 lacs.
  • Day Range as per Option Table is 8777 - 8939 and as per VIX is 8772 - 8966 with 8857 as the Pivot.
India VIX : 20.91 up by 0.08 points
Call OI : 38900050
Put OI : 38521400
PCR OI : 1.016
SMR : 20.57 (BULLISH with CAUTION: Though PCR has gone above 1, but the Index is near the best resistance area on OI Table...)

Monday, February 16, 2015

Option Open Interest for 16-02-2015

Inference
The index opened strong around 8831 and went on to make high of 8870, but saw profit booking with each rise to close near the lows of the day at 8809.35, small gain of 3.85 points. The broader market though was negative, with 649 advances to 864 declines. Range as per Option Table stays at 8500-9000.
  • Call option 8900-9300 added huge 26.45 lacs OI with short covering seen at 8700 and lower strike prices.
  • Put option 8900-8700 added huge 15.01 lacs OI with profit booking seen at 8600 and below strike prices.
  • Nifty Open Interest is at 2,60,48,275 up by 2,42,125, with small increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 22,15,900 up by 19,275, with decrease in price, most probably short build-up.
  • FII’s bought huge 5.43 lacs Futures, which includes 2228 contracts long build-up and 19504 contracts short covering, with decrease in net OI by 17276 contracts (includes 61326 longs to 39594 shorts for the day) and the Average Price comes to 8871.48.
  • FII’s Index future open contract as on date is 771447 Longs to 118610 Shorts, net long 652837 up by huge 21732 contracts.
  • Initial support still at 8800, with OI of 36.21 lacs and below that at 8700 with OI of 35.31 lacs.
  • Initial resistance at 8900, with OI of 45.72 lacs and above that at 9000 with highest OI of 62.34 lacs.
  • Day Range as per Option Table is 8737 - 8903 and as per VIX is 8713 - 8905 with 8824 as the Pivot.
India VIX : 20.83 up by 0.73 points
Call OI : 38203250
Put OI : 37651150
PCR OI : 0.986
SMR : 21.14 (Neutral to Bullish: The Option Table is seeing resistance at 8900-9000 range, stay cautious at higher levels...)

Friday, February 13, 2015

Option Open Interest for 13-02-2015

Inference
The index opened strong around 8741 and stayed positive for the entire session of trade, making higher highs with each passing hour to close near the top at 8805.50, huge gain of 93.95 points. The broader market was also positive, with 818 advances to 672 declines. Developing Range as per Option Table narrows down to 8500-9000.
  • Call option 9300 added 0.86 lacs OI with short covering seen at 8800 and lower strike prices.
  • Put option 9000-8400 added huge 31.00 lacs OI with profit booking seen at 8100 and below strike prices.
  • Nifty Open Interest is at 2,58,06,150 up by 5,00,350, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 21,96,625 up by 25,050, with increase in price, most probably long build-up.
  • FII’s bought huge 13.92 lacs Futures, which includes 38751 contracts long build-up and 16925 contracts short covering, with increase in net OI by 21826 contracts (includes 106124 longs to 50448 shorts for the day) and the Average Price comes to 8869.67.
  • FII’s Index future open contract as on date is 769219 Longs to 138114 Shorts, net long 631105 up by huge 55676 contracts.
  • Initial support now at 8800, with OI addition of 13.46 lacs for the day and below that at 8700 with OI of 31.71 lacs.
  • Initial resistance at 8900, with OI of 35.16 lacs and above that at 9000 with highest OI of 61.74 lacs.
  • Day Range as per Option Table is 8703 - 8879 and as per VIX is 8713 - 8898 with 8786 as the Pivot.
India VIX : 20.10 down by 0.06 points
Call OI : 36173600
Put OI : 37727975
PCR OI : 1.043
SMR : 19.27 (BULLISH: The follow up action by the Bulls saw the Option Table turning green with PCR moving above 1...)

Thursday, February 12, 2015

Option Open Interest for 12-02-2015

Inference
The index opened strong around 8677 but saw profit booking for the first few hours of trade but saw huge buying interest around the lows to move and close near the highs at 8711.55, huge gain of 84.15 points. The broader market was strong, with 931 advances to 549 declines. Developing Range as per Option Table narrows down to 8500-9000.
  • Call option 8800 added 2.59 lacs OI with profit booking seen at 8900 and above strike prices.
  • Put option 8800-8500 added huge 14.72 lacs OI with profit booking seen at 8400 and below strike prices.
  • Nifty Open Interest is at 2,53,05,800 up by 4,97,500, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 21,71,575 up by 56,600, with increase in price, most probably long build-up.
  • FII’s sold huge 7.10 lacs Futures, which includes 2483 contracts long build-up and 30866 contracts short build-up, with increase in net OI by 33349 contracts (includes 46525 longs to 74908 shorts for the day) and the Average Price comes to 8751.47.
  • FII’s Index future open contract as on date is 730468 Longs to 155039 Shorts, net long 575429 down by 28383 contracts.
  • Initial support getting better at 8600, with OI of 41.18 lacs and below that at 8500 with huge OI of 42.27 lacs.
  • Initial resistance now at 8800, with OI of 37.67 lacs and above that at 8900 with OI of 39.19 lacs.
  • Day Range as per Option Table is 8602 - 8777 and as per VIX is 8620 - 8803 with 8681 as the Pivot.
India VIX : 20.16 down by 0.34 points
Call OI : 38218350
Put OI : 34622925
PCR OI : 0.906
SMR : 22.25 (Neutral to Bullish: The Option Table got better for the day, but PCR still below 1, Bulls need a follow up action)

Wednesday, February 11, 2015

Option Open Interest for 11-02-2015

Inference
The index opened strong just above 8600 and stayed strong throughout to make high of 8652 but closed just lower at 8627.40, still a huge gain of 61.85 points. The broader market was strong, with 1020 advances to 478 declines. Developing Range as per Option Table stays at 8300-9000.
  • Call option 9000-9100 added small 0.91 lacs OI with profit booking seen at 9200 strike price.
  • Put option 8700-8400 added huge 4.76 lacs OI with profit booking seen at 8300 and below strike prices.
  • Nifty Open Interest is at 2,48,08,300 down by 1,33,800, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 21,14,975 up by 52,650, with increase in price, most probably long build-up.
  • FII’s sold 3.02 lacs Futures, which includes 9700 contracts long liquidation and 2389 contracts short build-up, with decrease in net OI by 7311 contracts (includes 43213 longs to 55302 shorts for the day) and the Average Price comes to 8687.90.
  • FII’s Index future open contract as on date is 727985 Longs to 124173 Shorts, net long 603812 down by 12089 contracts.
  • Initial support is up at 8600, with OI of 33.91 lacs and below that at 8500 with huge OI of 41.43 lacs.
  • Initial resistance stays at 8700, with OI of 25.92 lacs and above that at 8800 with OI of 35.08 lacs.
  • Day Range as per Option Table is 8539 - 8712 and as per VIX is 8535 - 8720 with 8624 as the Pivot.
India VIX : 20.50 down by 0.69 points
Call OI : 38681450
Put OI : 33785625
PCR OI : 0.873
SMR : 23.47 (NEUTRAL - The Option Table though not still out of the woods but looks good for the Bulls to make a come-back with a base at 8500)