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)