Tuesday, March 31, 2015

Option Open Interest for 31-03-2015

Inference
The Index opened strong around 8527 and went on to touch the highs of the day around 8550, but a smart sell-off saw the index dip below by 100 points only to close flat at 8491.00, small loss of 1.30 points. The broader market though was positive, with 868 advances to 617 declines. Developing Range as per Option Table comes 8300-9000.
  • Call option 8700-9100 added huge 8.65 lacs OI with small short covering seen at 8600 strike price.
  • Put option 8600-8300 added huge 7.56 lacs OI with small short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 1,95,16,750 down by 6,06,400, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 20,90,100 up by 76,800, with decrease in price, most probably huge short build-up.
  • FII’s bought 5.22 lacs Futures, which includes 21577 contracts long build-up and 682 contracts short build-up, with increase in net OI by 22259 contracts (includes 64177 longs to 43282 shorts for the day) and the Average Price comes to 8661.94.
  • FII’s Index future open contract as on date is 511549 Longs to 130142 Shorts, net long 381407 up by 20895 contracts.
  • Initial support at 8400, with OI of 29.81 lacs and below that at 8300 with highest OI of 31.10 lacs.
  • Initial resistance at 8600, with OI of 26.50 lacs and above that at 9000 with OI of 29.51 lacs.
  • Day Range as per Option Table is 8411 - 8585 and as per VIX is 8427 - 8555 with 8499 as the Pivot.
India VIX : 14.49 up by 0.23 points
Call OI : 26662950
Put OI : 26626800
PCR OI : 0.999
SMR : 14.51 (Bearish to Neutral: A flat day with neither party able to take control of the Option Table, though support at lower levels stays good...)

Monday, March 30, 2015

Option Open Interest for 30-03-2015

Inference
The Index opened strong around 8390 and stayed positive throughout the entire session of trade making newer highs with each passing hour to close near the top at 8492.30, huge gain of 150.90 points. The broader market was also strong, with 1235 advances to 272 declines. Developing Range as per Option Table comes 8300-9000.
  • Call option 8500-8700 added 5.00 lacs OI with small profit booking seen at 8800 and above strike prices.
  • Put option 8700-7900 added huge 22.09 lacs OI with small short covering seen at 8900 strike price.
  • Nifty Open Interest is at 2,01,23,150 down by 11,63,950, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 20,13,300 down by 35,650, with increase in price, most probably huge short covering.
  • FII’s sold 4.01 lacs Futures, which includes 12712 contracts long liquidation and 3336 contracts short build-up, with decrease in net OI by 9376 contracts (includes 57439 longs to 73487 shorts for the day) and the Average Price comes to 8681.54.
  • FII’s Index future open contract as on date is 489972 Longs to 129460 Shorts, net long 360512 down by 16048 contracts.
  • Initial and best support at 8400, with OI of 31.12 lacs and below that at 8300 with OI of 25.80 lacs.
  • Initial resistance at 8600, with OI of 27.88 lacs and above that at 9000 with OI of 28.41 lacs.
  • Day Range as per Option Table is 8381 - 8562 and as per VIX is 8429 - 8556 with 8459 as the Pivot.
India VIX : 14.26 down by 0.24 points
Call OI : 25775875
Put OI : 26011500
PCR OI : 1.009
SMR : 14.13 (Bullish: The PE writers came back on the back of huge gap-up and have taken control of the lower levels, though initial resistance building up at 8600...)

Friday, March 27, 2015

Option Open Interest for 27-03-2015

Inference
The Index opened strong around 8396 and went on to touch the highs of the day of 8413 within the first few minutes of trade but saw huge unwinding to the lows of the day at 8269. Bottom fishing saw the index close flat at 8341.40, loss of 0.75 points. The broader market was weak, with 585 advances to 927 declines. Developing Range as per Option Table is huge at 8100-9000.
  • Call option 8200-9100 added huge 30.43 lacs OI.
  • Put option 8400-7900 added huge 13.55 lacs OI with short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 2,12,87,100 down by 5,50,750, with small decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 21,48,950 down by 1,13,925, with increase in price, most probably huge short covering.
  • FII’s bought 1.89 lacs Futures, which includes 12459 contracts long liquidation and 20011 contracts short covering, with decrease in net OI by 32470 contracts (includes 77740 longs to 70188 shorts for the day) and the Average Price comes to 8514.90.
  • FII’s Index future open contract as on date is 502684 Longs to 126124 Shorts, net long 376560 up by 7552 contracts.
  • Initial support still at 8300, with OI of 24.15 lacs and below that at 8200 with OI of 24.94 lacs.
  • Initial resistance at 8500, with OI of 25.70 lacs and above that at 8600 with OI of 26.40 lacs.
  • Day Range as per Option Table is 8257 - 8432 and as per VIX is 8278 - 8405 with 8341 as the Pivot.
India VIX : 14.50 down by 0.66 points
Call OI : 24983600
Put OI : 23094250
PCR OI : 0.924
SMR : 15.69 (Bearish: Though the fall has been stalled for the day, but the Option Table still remains weak with huge resistance building up around 8500...)

Thursday, March 26, 2015

Option Open Interest for 26-03-2015

Inference
The Index opened weak below 8500 and huge sell-off, a cascading effect which saw one Option support failing after another, to the lows of the day at 8325.35 just to close a few points above at 8342.15, a huge loss of 188.65 points. The broader market was also very weak, with just 454 advances to 1057 declines. Developing Range as per Option Table at start of series is 8200-9000.
  • Call option 8000-9200 added huge 65.53 lacs OI.
  • Put option 9000-8000 added huge 45.76 lacs OI.
  • Nifty Open Interest is at 2,18,37,850 up by 72,98,200, with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 21,62,875 up by 7,88,075, with decrease in price, 100% rollover with short build-up.
  • FII’s sold huge 17.63 lacs Futures, which includes 211448 contracts long liquidation and 38993 contracts short covering, with decrease in net OI by 250441 contracts (includes 209118 longs to 279655 shorts for the day) and the Average Price comes to 8579.20.
  • FII’s Index future open contract as on date is 515143 Longs to 146135 Shorts, net long 369008 down by huge 172455 contracts.
  • Initial support at 8300, with OI of 23.43 lacs and below that at 8200 with OI of 23.77 lacs.
  • Initial resistance at 8500, with huge OI addition of 13.95 lacs and above that at 8600 with OI of 22.11 lacs.
  • Day Range as per Option Table is 8295 - 8463 and as per VIX is 8276 - 8408 with 8389 as the Pivot.
India VIX : 15.16 up by 2.02 points
Call OI : 21395625
Put OI : 20997825
PCR OI : 0.981
SMR : 15.45 (Bearish: Expiry happened at the lowest point, with new series opening up with a huge range of 8100-8900 with Negative bias...)

Wednesday, March 25, 2015

Option Open Interest for 25-03-2015

Inference
The Index though opened positive, but saw a slow and steady downhill to make another low, the sixth in 6 days to close at 8530.80, small loss of 12.15 points. The broader market was also weak, with just 508 advances to 993 declines. Expiry Range as per Option Table comes to 8500-8600.
  • Call option 8500-8700 added huge 43.34 lacs OI with profit booking seen at 8900 and above strike prices.
  • Put option 8550-8300 added 7.03 lacs OI with short covering seen at 8600 and above strike prices.
  • Nifty Open Interest is at 1,10,23,900 down by 58,68,775, whereas April series added 50.51 lacs with decrease in price, mostly roll-over with huge long liquidation.
  • Bank Nifty Open Interest is at 18,26,275 down by 2,92,700, whereas April series added 2.79 lacs with decrease in price, mostly rollover with long liquidation.
  • FII’s sold huge 16.08 lacs Futures, which includes 46184 contracts long liquidation and 18150 contracts short build-up, with decrease in net OI by 28034 contracts (includes 273067 longs to 337401 shorts for the day) and the Average Price comes to 9000.34.
  • FII’s Index future open contract as on date is 726591 Longs to 185128 Shorts, net long 541463 down by huge 64334 contracts.
  • Initial and best support 8500, with highest OI of 58.54 lacs and below that at 8400 with huge OI of 50.07 lacs.
  • Initial resistance at 8550, with OI addition of 13.61 lacs and above that at 8600 with huge OI of 50.49 lacs.
  • Day Range as per Option Table is 8461 - 8616 and as per VIX is 8472 - 8589 with 8540 as the Pivot.
India VIX : 13.14 down by 0.53 points
Call OI : 40264325
Put OI : 33474150
PCR OI : 0.831
SMR : 15.81 (Bearish: Based on Option Table Expiry may happen most probably around 8550, with Expiry range of 8480-8600...)

Tuesday, March 24, 2015

Option Open Interest for 24-03-2015

Inference
The Index though opened negative, but stayed more or less positive throughout the better part of the day but closed negative at 8542.95, small loss of 7.95 points. The broader market was also weak, with just 558 advances to 937 declines. Developing Range as per Option Table is at 8500-9000.
  • Call option 8500 added 3.20 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8600-8400 added 8.56 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 1,68,92,675 down by 50,91,750, whereas April series added 64.31 lacs with decrease in price, most probably 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 21,18,975 down by 4,39,825, whereas April series added 4.64 lacs with decrease in price, most probably 100% rollover with small short build-up.
  • FII’s bought 6.89 lacs Futures, which includes 43985 contracts long build-up and 16434 contracts short build-up, with increase in net OI by 60419 contracts (includes 352889 longs to 325338 shorts for the day) and the Average Price comes to 9017.33.
  • FII’s Index future open contract as on date is 772775 Longs to 166978 Shorts, net long 605797 up by huge 27551 contracts.
  • Initial and best support 8500, with highest OI of 58.51 lacs and below that at 8400 with huge OI of 46.23 lacs.
  • Initial resistance at 8700, with OI of 34.73 lacs and above that at 8800 with OI of 40.12 lacs.
  • Day Range as per Option Table is 8482 - 8647 and as per VIX is 8482 - 8604 with 8569 as the Pivot.
India VIX : 13.67 down by 0.60 points
Call OI : 37433850
Put OI : 34449175
PCR OI : 0.920
SMR : 14.85 (Neutral to Bearish: The Option Table saw a bit of Bullish makeover due to huge liquidation seen by the CE writers and the best support getting better at 8500...)

Monday, March 23, 2015

Option Open Interest for 23-03-2015

Inference
The Index opened positive above 8600 but saw selling pressure from the onset to move down to the lows of the day at 8540 but closed a tad higher at 8550.90, loss of 20.00 points. The broader market was very weak, with just 414 advances to 1108 declines. Developing Range as per Option Table is at 8500-8900.
  • Call option 8500-8600 added huge 12.24 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8500 added 0.54 lacs OI with short covering seen at 8600 and above strike prices.
  • Nifty Open Interest is at 2,19,84,425 down by 9,12,925, whereas April series added 6.37 lacs with decrease in price, most probably 70% roll-over with huge long liquidation.
  • Bank Nifty Open Interest is at 25,58,800 down by 56,125, whereas April series added 1.80 lacs with decrease in price, most probably 100% rollover with huge short build-up.
  • FII’s sold 4.49 lacs Futures, which includes 13584 contracts long liquidation and 4377 contracts short build-up, with decrease in net OI by 9207 contracts (includes 73408 longs to 91369 shorts for the day) and the Average Price comes to 8978.66.
  • FII’s Index future open contract as on date is 728790 Longs to 150544 Shorts, net long 578246 down by 17961 contracts.
  • Initial and best support 8500, with highest OI of 53.12 lacs and below that at 8400 with huge OI of 45.67 lacs.
  • Initial resistance at 8600, with huge OI addition of 10.15 lacs and above that at 8700 with huge OI of 40.56 lacs.
  • Day Range as per Option Table is 8481 - 8647 and as per VIX is 8487 - 8615 with 8567 as the Pivot.
India VIX : 14.27 up by 0.01 points
Call OI : 40983350
Put OI : 34410425
PCR OI : 0.840
SMR : 17.00 (Bearish with Caution: The OI Table stays weak just a few days before expiry with 8700 level as huge resistance and the best support at 8500...)

Saturday, March 21, 2015

Option Open Interest for 20-03-2015

Inference
The Index opened flat but saw huge selling pressure from onset to move down to the lows of the day at 8553 but closed a bit higher at 8570.90, huge loss of 63.75 points. The broader market was very weak, with just 314 advances to 1222 declines. Developing Range as per Option Table stays at 8400-9000.
  • Call option 8500-8700 added huge 13.17 lacs OI with profit booking seen at 8800 and above strike prices.
  • Put option 8500, 8200 added 8.09 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 2,28,97,350 down by 2,03,450, whereas April series added 3.92 lacs with decrease in price, most probably 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 26,14,925 up by 10,175, whereas April series added 0.60 lacs with decrease in price, most probably huge short build-up in both series.
  • FII’s sold huge 6.52 lacs Futures, which includes 8868 contracts long liquidation and 17197 contracts short build-up, with increase in net OI by 8329 contracts (includes 58524 longs to 84589 shorts for the day) and the Average Price comes to 8896.10.
  • FII’s Index future open contract as on date is 742374 Longs to 146167 Shorts, net long 596207 down by huge 26065 contracts.
  • Initial support still at 8600, with OI of 46.48 lacs and below that at 8500 with highest OI of 52.58 lacs.
  • Initial resistance at 8700, with OI of 42.94 lacs and above that at 8800 with huge OI of 48.24 lacs.
  • Day Range as per Option Table is 8497 - 8671 and as per VIX is 8507 - 8635 with 8584 as the Pivot.
India VIX : 14.26 down by 0.87 points
Call OI : 41228050
Put OI : 35307050
PCR OI : 0.856
SMR : 16.65 (Bearish: The OI table stays weak with best support around 8600-8500, sell only on rise...)

Thursday, March 19, 2015

Option Open Interest for 19-03-2015

Inference
The Index opened huge gap-up around 8750 and went up to make high of 8788 but saw huge unwinding to close near the lows of the day at 8634.65, loss of 51.25 points. The broader market was also weak, with 502 advances to 987 declines. Developing Range as per Option Table stays at 8400-9000.
  • Call option 8500-8800, 9000 added huge 22.92 lacs OI with profit booking seen at 9100 and above strike prices.
  • Put option 8700-8600 added 4.96 lacs OI with short covering seen at 8800 and above strike prices.
  • Nifty Open Interest is at 2,31,00,800 down by 2,86,950, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 26,04,750 up by 1,41,200, with decrease in price, most probably huge short build-up.
  • FII’s bought 1.40 lacs Futures, which includes 8173 contracts long build-up and 2585 contracts short build-up, with increase in net OI by 10758 contracts (includes 71737 longs to 66149 shorts for the day) and the Average Price comes to 8862.03.
  • FII’s Index future open contract as on date is 751242 Longs to 128970 Shorts, net long 622272 up by huge 5588 contracts.
  • Initial support still at 8600, with OI of 49.01 lacs and below that at 8500 with OI of 49.88 lacs.
  • Initial resistance at 8700, with huge OI addition of 7.72 lacs and above that at 8800 with huge OI of 53.92 lacs.
  • Day Range as per Option Table is 8581 - 8757 and as per VIX is 8566 - 8703 with 8679 as the Pivot.
India VIX : 15.13 down by 0.07 points
Call OI : 42380825
Put OI : 37196325
PCR OI : 0.878
SMR : 17.24 (Bearish: Though the index opened up, but the weak OI Table took its toll, though support still very good at 8600-8500 level...)

Option Open Interest for 18-03-2015

Inference
The Index opened up around 8743 but saw a small dip only to make a new high around 8747 but got sold off to the lows of the day at 8664 and closed just above at 8685.90, loss of 37.40 points. The broader market was also negative, with 667 advances to 848 declines. Developing Range as per Option Table stays at 8400-9000.
  • Call option 8700-9100 added huge 24.43 lacs OI with short covering seen at 8600 and lower strike prices.
  • Put option 8600-8200 added huge 14.41 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 2,33,87,750 down by 7,43,875, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 24,63,550 up by 7,850, with increase in price, most probably long build-up.
  • FII’s sold huge 6.72 lacs Futures, which includes 23529 contracts long liquidation and 3352 contracts short build-up, with decrease in net OI by 20177 contracts (includes 28358 longs to 55239 shorts for the day) and the Average Price comes to 8941.58.
  • FII’s Index future open contract as on date is 743069 Longs to 126385 Shorts, net long 616684 down by huge 26881 contracts.
  • Initial support now at 8600, with OI of 45.23 lacs and below that at 8500 with huge OI of 54.36 lacs.
  • Initial resistance at 8800, with OI of 49.04 lacs and above that at 8900 with huge OI of 48.27 lacs.
  • Day Range as per Option Table is 8613 - 8782 and as per VIX is 8615 - 8756 with 8699 as the Pivot.
India VIX : 15.51 up by 0.38 points
Call OI : 40907725
Put OI : 37832225
PCR OI : 0.925
SMR : 16.77 (Bearish: No follow-up action from the Bulls with index closing below 8700 and OI just shy of 50 lacs at 8800CE level is pure Weakness...)

Tuesday, March 17, 2015

Option Open Interest for 17-03-2015

Inference
The Index opened huge up and went up to touch the highs of 8740, but profit booking saw the market to the lows of the day at 8630 only to see the buyers taking control to close near the highs of the day at 8730.30, huge gain of 90.15 points. The broader market though was just positive, with 795 advances to 716 declines. Developing Range as per Option Table stays at 8400-9000.
  • Call option 8900-9200 added 4.40 lacs OI with short covering seen at 8800 and lower strike prices.
  • Put option 8800-8700 added 6.68 lacs OI with profit booking seen at 8600 and lower strike prices.
  • Nifty Open Interest is at 2,41,31,625 down by 8,54,425, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 24,55,700 down by 1,99,250, with increase in price, most probably huge short covering.
  • FII’s sold huge 5.45 lacs Futures, which includes 21197 contracts long liquidation and 608 contracts short build-up, with decrease in net OI by 20589 contracts (includes 49085 longs to 70890 shorts for the day) and the Average Price comes to 8939.92.
  • FII’s Index future open contract as on date is 766598 Longs to 123033 Shorts, net long 643565 down by huge 21805 contracts.
  • Initial support now at 8700, with huge OI addition of 5.74 lacs and below that at 8600 with huge OI of 43.51 lacs.
  • Initial resistance at 8800, with OI of 38.09 lacs and above that at 8900 with huge OI of 42.76 lacs.
  • Day Range as per Option Table is 8619 - 8794 and as per VIX is 8654 - 8792 with 8699 as the Pivot.
India VIX : 15.13 down by 0.05 points
Call OI : 38492000
Put OI : 36526475
PCR OI : 0.949
SMR : 15.94 (Neutral: A Huge short covering rally coupled with huge addition at 8700PE saw the index close above 8700, but needs a follow up action...)

Monday, March 16, 2015

Option Open Interest for 16-03-2015

Inference
The Index opened flat to positive and stayed in a narrow range with mostly negative bias with every small up-move being sold-off to close the day at 8633.15, small loss of 14.60 points. The broader market was weak, with just 451 advances to 1078 declines. Developing Range as per Option Table stays at 8400-9000.
  • Call option 8600-9000 added huge 15.36 lacs OI with profit booking seen at 9100 and above strike prices.
  • Put option 8500-8400, 8200-8100 added 8.25 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 2,49,86,050 up by 3,06,275, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 26,54,950 up by 1,17,800, with increase in price, most probably huge long build-up.
  • FII’s sold 1.99 lacs Futures, which includes 7584 contracts long liquidation and 401 contracts short build-up, with decrease in net OI by 7183 contracts (includes 46353 longs to 54338 shorts for the day) and the Average Price comes to 8857.08.
  • FII’s Index future open contract as on date is 787795 Longs to 122425 Shorts, net long 665370 down by 7985 contracts.
  • Initial support still at 8600, with OI of 43.99 lacs and below that at 8500 with huge OI of 49.63 lacs.
  • Initial resistance at 8700, with OI of 31.01 lacs and above that at 8800 with huge OI of 44.24 lacs.
  • Day Range as per Option Table is 8549 - 8724 and as per VIX is 8565 - 8702 with 8636 as the Pivot.
India VIX : 15.18 up by 0.21 points
Call OI : 39111025
Put OI : 36319975
PCR OI : 0.929
SMR : 16.35 (Bearish: A Pause – For more downside or a corrective bounce, based on OI Table, the index stays weak but near the best support zone of 8600-8500...)

Sunday, March 15, 2015

Option Open Interest for 13-03-2015

Inference
The Sellers used the gap-up to their advantage to move the index down by more than 200 points from the top to end near the day’s low at 8647.75, huge loss of 128.25 points. The broader market was very weak, with just 362 advances to 1167 declines. Developing Range as per Option Table stays at 8400-9000.
  • Call option 8600-8900 added huge 35.90 lacs OI with profit booking seen at 9200 and above strike prices.
  • Put option 8600-8100 added huge 19.65 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 2,46,79,775 down by 3,18,025, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 25,37,150 up by 3,04,700, with decrease in price, most probably huge short build-up.
  • FII’s sold 2.09 lacs Futures, which includes 1686 contracts long liquidation and 6672 contracts short build-up, with increase in net OI by 4986 contracts (includes 98803 longs to 107161 shorts for the day) and the Average Price comes to 8834.82.
  • FII’s Index future open contract as on date is 795379 Longs to 122024 Shorts, net long 673355 down by 8538 contracts.
  • Initial support down to 8600, with OI of 43.99 lacs and below that at 8500 with huge OI of 47.44 lacs.
  • Initial resistance at 8700, with huge OI addition of 14.55 lacs and above that at 8800 with OI of 39.14 lacs.
  • Day Range as per Option Table is 8602 - 8786 and as per VIX is 8580 - 8715 with 8710 as the Pivot.
India VIX : 14.97 up by 0.22 points
Call OI : 38200125
Put OI : 36647800
PCR OI : 0.959
SMR : 15.60 (Bearish: Huge Sell-off from the top with the CE writers adding at 8700-8900 level, made sure that Bears had a firm grip on the Option Table, Sell on Rise...)