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...)