Saturday, February 28, 2015

Option Open Interest for 28-02-2015

Inference
The index opened strong above 8900 but saw huge volatile movement during General Budget speech but ultimately closed strong at 8901.85, huge gain of 57.25 points. The broader market though was weak, with 598 advances to 863 declines. Developing Range as per Option Table comes to 8500-9000.
  • Call option 8900-9400 added huge 23.04 lacs OI with small short covering seen at 8800 and lower strike prices.
  • Put option 9000-8300 added huge 28.24 lacs OI with profit booking seen at 8200 and lower strike prices.
  • Nifty Open Interest is at 2,57,10,675 up by 15,17,850, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 20,23,750 up by 26,650, with increase in price, most probably huge long build-up.
  • FII’s bought huge 21.75 lacs Futures, which includes 59952 contracts long build-up and 27044 contracts short covering, with increase in net OI by 32908 contracts (includes 158309 longs to 71313 shorts for the day) and the Average Price comes to 9025.55.
  • FII’s Index future open contract as on date is 784158 Longs to 84040 Shorts, net long 700118 up by huge 86996 contracts.
  • Initial support at 8800, with huge addition of 8.80 lacs OI for the day and below that at 8500 with OI of 42.85 lacs.
  • Initial and best resistance at 9000, with highest OI of 57.88 lacs.
  • Day Range as per Option Table is 8784 - 8965 and as per VIX is 8823 - 8981 with 8865 as the Pivot.
India VIX : 16.97 down by 2.60 points
Call OI : 30710750
Put OI : 29737550
PCR OI : 0.968
SMR : 17.53 (Bullish with Caution: Budget day saw the index oscillate between red and green but ended strong with support building up around 8800...)

No comments:

Post a Comment