Tuesday, April 14, 2015

Option Open Interest for 13-04-2015

Inference
The Index opened positive above 8800 and stayed in a narrow range but saw the buyers back in action in the second half to move the index to the highs of the day at 8841.65 but closed just lower at 8834.00, gain of 53.65 points. The broader market was positive, with 916 advances to 621 declines. Developing Range as per Option Table comes 8500-9000.
  • Call option 8900-9200 added huge 11.20 lacs OI with short covering seen at 8800 and below strike prices.
  • Put option 9000-8600 added huge 31.75 lacs OI with profit booking seen at 8500 and below strike prices.
  • Nifty Open Interest is at 1,87,73,425 down by 3,43,800, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 17,90,050 up by 91,575, with no change in price, most probably long/short build-up.
  • FII’s sold 1.39 lacs Futures, which includes 3647 contracts long liquidation and 1914 contracts short build-up, with decrease in net OI by 1733 contracts (includes 41384 longs to 46945 shorts for the day) and the Average Price comes to 8914.40.
  • FII’s Index future open contract as on date is 551637 Longs to 143831 Shorts, net long 407806 down by 5561 contracts.
  • Initial support at 8800, with huge OI addition of 11.80 lacs and below that at 8700 with OI of 40.38 lacs.
  • Initial resistance now at 8900, with OI of just 28.48 lacs and above that at 9000 with highest OI of 52.38 lacs.
  • Day Range as per Option Table is 8745 - 8891 and as per VIX is 8767 - 8901 with 8813 as the Pivot.
India VIX : 14.49 up by 0.23 points
Call OI : 28040675
Put OI : 38495575
PCR OI : 1.373
SMR : 10.55 (Bullish: After a day of consolidation, the PE writers came back to capture 8800 level with huge PE addition from 8900-8600, whereas the best resistance only at 9000...)