Thursday, April 23, 2015

Option Open Interest for 23-04-2015

Inference
The Index opened positive above 8478 and went on to touch the highs of the day at 8505. The sellers used the opportunity to move the index to lows at 8362 but closed just above at 8398.30, loss of 31.40 points. The broader market was also negative, with 700 advances to 809 declines. Range as per Option Table is 8200-9000.
  • Call option 8300-8500 added 9.49 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8400-8200 added huge 13.43 lacs OI with short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 2,03,76,125 down by 9,35,100, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 18,01,000 down by 1,00,725, with small decrease in price, most probably huge long liquidation.
  • FII’s sold 7.23 lacs Futures, which includes 23971 contracts long liquidation and 4948 contracts short build-up, with decrease in net OI by 19023 contracts (includes 49400 longs to 78319 shorts for the day) and the Average Price comes to 8564.64.
  • FII’s Index future open contract as on date is 569937 Longs to 224836 Shorts, net long 345101 down by huge 28919 contracts.
  • Initial support still at 8400, with OI of 39.58 lacs and below that at 8300 with OI of 52.70 lacs.
  • Initial resistance at 8500, with huge OI of 51.77 lacs and above that at 8600 with OI of 48.22 lacs.
  • Day Range as per Option Table is 8324 - 8508 and as per VIX is 8317 - 8480 with 8422 as the Pivot.
India VIX : 18.50 up by 1.29 points
Call OI : 42097825
Put OI : 34465450
PCR OI : 0.819
SMR : 22.60 (Bearish: The Option Table played out well, with the index crashing down from the highs, Bears are in full control, Sell on rise continues...)

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