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...)