Thursday, February 5, 2015

Option Open Interest for 05-02-2015

Inference
The index opened flat to positive and went up to touch the highs of the day around 8838 but saw huge unwinding in the last 1 hour to close the day in negative at 8711.70, loss of 12.00 points. The broader market was very weak, with 448 advances to 1058 declines. Developing Range as per Option Table comes to 8300-9000.
  • Call option 8800-8900 added 3.33 lacs OI with profit booking seen at 9000 strike price.
  • Put option 9000-8300 added huge 14.57 lacs OI with profit booking seen at 8200 and below strike prices.
  • Nifty Open Interest is at 2,48,33,675 down by 4,46,700, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 22,82,575 down by 1,84,225, with decrease in price, most probably long liquidation.
  • FII’s sold 5.80 lacs Futures, which includes 23544 contracts long liquidation and 343 contracts short covering, with decrease in net OI by 23887 contracts (includes 48639 longs to 71840 shorts for the day) and the Average Price comes to 8819.07.
  • FII’s Index future open contract as on date is 790546 Longs to 89299 Shorts, net long 701247 down by 23201 contracts.
  • Initial support still at 8700, with OI of 27.23 lacs and below that at 8600 with OI of 26.99 lacs.
  • Initial resistance at 8800, with OI of 27.74 lacs and above that at 8900 with OI of 32.88 lacs.
  • Day Range as per Option Table is 8652 - 8822 and as per VIX is 8618 - 8806 with 8745 as the Pivot.
India VIX : 20.62 up by 0.57 points
Call OI : 33813400
Put OI : 30624175
PCR OI : 0.906
SMR : 22.77 (Bearish - Though the index closed in red, the OI stayed neutral to positive for the day, Shorts need to cautious at lower levels)