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...)