Monday, April 20, 2015

Option Open Interest for 20-04-2015

Inference
The Index opened flat to positive but saw huge selling pressure from the onset to break one support level after another to close weak at 8448.10, a huge loss of 157.90 points. The broader market was also weak, with 304 advances to 1219 declines. Range as per Option Table is 8300-9000.
  • Call option 8400-8700 added huge 40.06 lacs OI with profit booking seen at 9100 and above strike prices.
  • Put option 8400-8100 added 14.64 lacs OI with short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 2,04,34,425 down by 49,750, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 19,59,225 up by 2,07,125, with decrease in price, most probably huge short build-up.
  • FII’s sold huge 15.22 lacs Futures, which includes 57454 contracts long liquidation and 3422 contracts short build-up, with decrease in net OI by 54032 contracts (includes 106406 longs to 167282 shorts for the day) and the Average Price comes to 8635.04.
  • FII’s Index future open contract as on date is 549229 Longs to 188041 Shorts, net long 361188 down by huge 60876 contracts.
  • Initial and very good support at 8400, with OI of 40.33 lacs and below that at 8300 with OI of 39.38 lacs.
  • Initial resistance at 8500, with huge OI addition of 16.20 lacs and above that at 8600 with huge OI of 41.98 lacs.
  • Day Range as per Option Table is 8401 - 8571 and as per VIX is 8376 - 8520 with 8497 as the Pivot.
India VIX : 16.30 up by 1.26 points
Call OI : 38444000
Put OI : 34329050
PCR OI : 0.893
SMR : 18.25 (Bearish: The much vaunted support of 8500 gave away with ease, with the CE writers piling on and PCR went below 1, Sell on rise continues...)