Sunday, April 12, 2015

Option Open Interest for 10-04-2015

Inference
The Index opened flat, stayed in a narrow range with negative bias for the better part of the day but closed just in green at 8780.35, small gain of 2.05 points. The broader market was positive, with 955 advances to 578 declines. Developing Range as per Option Table comes 8400-9000.
  • Call option 8800-9200 added 8.90 lacs OI with short covering seen at 8700 and below strike prices.
  • Put option 8800-8400 added huge 11.65 lacs OI with profit booking seen at 8200 and below strike prices.
  • Nifty Open Interest is at 1,91,17,225 up by 42,425, with small increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 16,98,475 down by 42,175, with decrease in price, most probably long liquidation.
  • FII’s sold 0.92 lacs Futures, which includes 614 contracts long build-up and 4294 contracts short build-up, with increase in net OI by 4294 contracts (includes 26526 longs to 30206 shorts for the day) and the Average Price comes to 8848.02.
  • FII’s Index future open contract as on date is 555284 Longs to 141917 Shorts, net long 413367 down by 3680 contracts.
  • Initial support at 8700, with OI of 31.23 lacs and below that at 8600 with OI of 37.53 lacs.
  • Initial resistance stays at 8800, with OI of 37.39 lacs and above that at 9000 with OI of 46.22 lacs.
  • Day Range as per Option Table is 8696 - 8844 and as per VIX is 8715 - 8846 with 8767 as the Pivot.
India VIX : 14.26 down by 0.16 points
Call OI : 27748350
Put OI : 36593225
PCR OI : 1.319
SMR : 10.81 (Bullish: Perfect consolidation day enabling the Option Table to do the catch up, 8500 now is a solid base moving forward, initial resistance stays at 8800...)