Wednesday, April 15, 2015

Option Open Interest for 15-04-2015

Inference
The Index opened flat to positive at 8844.75 but was unable to sustain the highs and stayed in a narrow range with negative bias only to be sold-off huge in the last hour of trade to close near the lows at 8750.20, huge loss of 83.80 points. The broader market was negative, with 646 advances to 884 declines. Developing Range as per Option Table is back to 8300-9000.
  • Call option 8800-9300 added huge 18.52 lacs OI with short covering seen at 8700 and below strike prices.
  • Put option 8600 added 1.17 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 1,94,04,225 up by 6,30,800, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 16,87,450 down by 1,02,600, with decrease in price, most probably long liquidation.
  • FII’s bought huge 8.70 lacs Futures, which includes 35294 contracts long build-up and 483 contracts short build-up, with increase in net OI by 35777 contracts (includes 79817 longs to 45006 shorts for the day) and the Average Price comes to 8820.65.
  • FII’s Index future open contract as on date is 586931 Longs to 144314 Shorts, net long 442617 up by huge 34811 contracts.
  • Initial support back at 8700, with OI of 38.07 lacs and below that at 8600 with huge OI of 45.13 lacs.
  • Initial resistance now at 8800, with OI of 36.06 lacs and above that at 8900 with OI of 37.06 lacs.
  • Day Range as per Option Table is 8693 - 8842 and as per VIX is 8683 - 8817 with 8772 as the Pivot.
India VIX : 14.62 up by 0.13 points
Call OI : 29743325
Put OI : 36648025
PCR OI : 1.232
SMR : 11.87 (Bullish: Huge sell-off in the last hour has taken the shine out of the option table, though support still stays around 8700, resistance building up around 8800-8900 range...)