Thursday, March 19, 2015

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...)