Wednesday, April 8, 2015

Option Open Interest for 08-04-2015

Inference
The Index opened positive, just below 8700, and stayed positive for the entire day of trade to close strong at 8714.40, gain of 54.10 points. The broader market was strong, with 975 advances to 551 declines. Developing Range as per Option Table comes 8400-9000.
  • Call option 8800-9200 added 11.37 lacs OI with short covering seen at 8700 and below strike prices.
  • Put option 8800-8400 added huge 25.58 lacs OI with profit booking seen at 8300 and below strike prices.
  • Nifty Open Interest is at 1,91,71,300 up by 6,15,900, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 18,49,725 up by 47,750, with decrease in price, most probably short build-up.
  • FII’s bought huge 13.86 lacs Futures, which includes 42528 contracts long build-up and 12907 contracts short covering, with increase in net OI by 29621 contracts (includes 83980 longs to 28545 shorts for the day) and the Average Price comes to 8876.29.
  • FII’s Index future open contract as on date is 550669 Longs to 141501 Shorts, net long 409168 up by huge 55435 contracts.
  • Initial support at 8700, with huge OI addition of 10.55 lacs and below that at 8600 with OI of 33.53 lacs.
  • Initial resistance still at 8800, with OI of 36.12 lacs and above that at 9000 with OI of 42.69 lacs.
  • Day Range as per Option Table is 8629 - 8792 and as per VIX is 8649 - 8780 with 8708 as the Pivot.
India VIX : 14.35 up by 0.10 points
Call OI : 27522400
Put OI : 34447800
PCR OI : 1.252
SMR : 11.47 (Bullish: Best support has moved up to 8500 with strong addition from 8700-8500PE level, The index is turning out to be “BUY THE DIPS”...)

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