Monday, February 9, 2015

Option Open Interest for 09-02-2015

Inference
The index opened weak below 8600 and stayed weak for the entire session of trade to close near the lows of the day at 8526.35, huge loss of 134.70 points. The broader market was also very weak, with 361 advances to 1140 declines. Developing Range as per Option Table comes to 8300-9000.
  • Call option 8500-9300 added huge 18.18 lacs OI with profit booking seen at 9100 strike price.
  • Put option 8600-8000 added huge 28.58 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 2,48,04,225 down by 1,58,925, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 22,47,775 up by 1,41,450, with decrease in price, most probably huge short build-up.
  • FII’s sold huge 18.82 lacs Futures, which includes 29209 contracts long liquidation and 46076 contracts short build-up, with increase in net OI by 16867 contracts (includes 81017 longs to 156302 shorts for the day) and the Average Price comes to 8626.72.
  • FII’s Index future open contract as on date is 735364 Longs to 139005 Shorts, net long 596359 down by huge 75285 contracts.
  • Initial and good support at 8500, with huge OI of 36.41 lacs and below that at 8300 with OI of 40.41 lacs.
  • Initial resistance at 8700, with huge OI addition of 7.23 lacs for the day and above that at 8800 with OI of 32.00 lacs.
  • Day Range as per Option Table is 8460 - 8632 and as per VIX is 8428 - 8625 with 8549 as the Pivot.
India VIX : 22.02 up by 1.33 points
Call OI : 37057525
Put OI : 32952300
PCR OI : 0.889
SMR : 24.76 (Bearish - Support at 8600-8500 level stays firm so stay Cautious, Sell only on rallies)