Friday, April 17, 2015

Option Open Interest for 17-04-2015

Inference
The Index opened flat to negative and stayed negative throughout the entire session of trade to close near the lows of the day at 8606.00, a huge loss of 100.70 points. The broader market was also weak, with 482 advances to 1046 declines. Developing Range as per Option Table is 8500-9000.
  • Call option 8600-9100 added huge 33.33 lacs OI with profit booking seen at 9300 and above strike prices.
  • Put option 8600-8300 added 10.06 lacs OI with short covering seen at 8700 and above strike prices.
  • Nifty Open Interest is at 2,04,84,175 up by 11,32,550, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 17,52,100 up by 40,925, with decrease in price, most probably short build-up.
  • FII’s bought huge 5.85 lacs Futures, which includes 23181 contracts long build-up and 216 contracts short covering, with increase in net OI by 22965 contracts (includes 68935 longs to 45538 shorts for the day) and the Average Price comes to 8569.75.
  • FII’s Index future open contract as on date is 606683 Longs to 184619 Shorts, net long 422064 up by huge 23397 contracts.
  • Initial and very good support at 8600, with OI of 48.65 lacs and below that at 8500 with huge OI of 49.41 lacs.
  • Initial resistance now at 8700, with OI of 45.04 lacs and above that at 8800 with huge OI of 49.12 lacs.
  • Day Range as per Option Table is 8552 - 8704 and as per VIX is 8538 - 8674 with 8634 as the Pivot.
India VIX : 15.04 up by 0.09 points
Call OI : 34953975
Put OI : 36347475
PCR OI : 1.040
SMR : 14.46 (Bearish: The OI Table though weak, but the index has reached the best support range of 8600-8500, Sell on Rise continues...)