Wednesday, April 22, 2015

Option Open Interest for 22-04-2015

Inference
The Index opened positive above 8400 and after staying within a range with positive bias saw huge selling pressure to the lows of the day at 8284.70. The responsive buyer took control from thereon to move the index back in green and close near the highs at 8429.70, gain of 51.95 points. The broader market though was negative, with 711 advances to 789 declines. Range as per Option Table is 8200-9000.
  • Call option 8300-8600 added huge 17.31 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8200-7900 added huge 10.08 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 2,13,11,225 down by 1,54,100, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 19,01,725 down by 51,825, with increase in price, most probably short covering.
  • FII’s sold 0.33 lacs Futures, which includes 5605 contracts long build-up and 6913 contracts short build-up, with increase in net OI by 12518 contracts (includes 81754 longs to 83062 shorts for the day) and the Average Price comes to 8606.18.
  • FII’s Index future open contract as on date is 593908 Longs to 219888 Shorts, net long 374020 down by 1308 contracts.
  • Initial support still at 8400, with OI of 38.82 lacs and below that at 8300 with OI of 40.85 lacs.
  • Initial resistance at 8500, with OI of 45.34 lacs and above that at 8600 with huge OI of 50.28 lacs.
  • Day Range as per Option Table is 8310 - 8492 and as per VIX is 8354 - 8506 with 8388 as the Pivot.
India VIX : 17.21 up by 0.18 points
Call OI : 41681050
Put OI : 33749025
PCR OI : 0.810
SMR : 21.25 (Bearish: The index for a change closed positive after making a new low but Option Table still not reflecting any positivity, Sell on rise stays...)