Monday, April 27, 2015

Option Open Interest for 27-04-2015

Inference
The Index opened positive but saw sell-off from the onset, with each small segment of upmove sold with double the force. The index ultimately closed near the lows at 8213.80, a huge loss of 91.45 points. The broader market was also weak, with just 246 advances to 1277 declines. Range as per Option Table is 8100-8500.
  • Call option 8200-8400 added huge 41.40 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8100-7900 added 3.65 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 1,76,51,575 down by 19,00,125, whereas May series added 26.95 lacs with decrease in price, most probably 100% rollover with huge short build-up.
  • Bank Nifty Open Interest is at 16,45,875 down by 1,69,450, whereas May series added 1.71 lacs with decrease in price, most probably 100% rollover.
  • FII’s sold 4.80 lacs Futures, which includes 12196 contracts long liquidation and 7002 contracts short build-up, with decrease in net OI by 5194 contracts (includes 179190 longs to 198388 shorts for the day) and the Average Price comes to 8290.61.
  • FII’s Index future open contract as on date is 537925 Longs to 239006 Shorts, net long 298919 down by 19198 contracts.
  • Initial and best support at 8200, with OI of 46.14 lacs and below that at 8100 with OI of 36.61 lacs.
  • Initial resistance at 8300, with huge OI of 41.92 lacs and above that at 8400 with OI of 44.79 lacs.
  • Day Range as per Option Table is 8146 - 8334 and as per VIX is 8133 - 8294 with 8250 as the Pivot.
India VIX : 18.74 down by 0.37 points
Call OI : 45000525
Put OI : 31113875
PCR OI : 0.691
SMR : 27.10 (Bearish: Another pillar at 8300 gone for the day, with the Bears in full control, upside resistance starts from 8300 level onwards...)