Sunday, May 31, 2015

Option Open Interest for 29-05-2015

Inference
The Index opened flat to positive around 8327 but made a low of 8305 within the first few minutes only to see huge buying interest to scale 8400 with ease and close near the highs at 8433.65, huge gain of 114.65 points. The broader market was also positive, with 861 advances to 622 declines. The broader range as per Option Table stays at 8000-8800.
  • Call option 8400-9000 added huge 22.60 lacs OI with short covering seen at 8300 and below strike prices.
  • Put option 8500-7700 added huge 30.56 lacs OI with small short covering seen at 8800 and above strike prices.
  • Nifty Open Interest is at 1,58,51,025 up by 28,77,650, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 16,18,300 up by 5,875, with increase in price, most probably long build-up.
  • FII’s bought huge 44.28 lacs Futures, which includes 121570 contracts long build-up and 55551 contracts short covering, with increase in net OI by 66019 contracts (includes 248943 longs to 71822 shorts for the day) and the Average Price comes to 8655.49.
  • FII’s Index future open contract as on date is 392088 Longs to 219913 Shorts, Net Long 177121 contracts.
  • Initial support at 8300, with OI of 30.63 lacs and below that at 8200 with OI of 35.16 lacs.
  • Initial resistance at 8500, with OI of just 22.41 lacs and above that at 8800 with OI of 35.12 lacs.
  • Day Range as per Option Table is 8333 - 8477 and as per VIX is 8360 - 8507 with 8394 as the Pivot.
India VIX : 16.66 down by 0.62 points
Call OI : 27068175
Put OI : 31008875
PCR OI : 1.146
SMR : 14.54 (Bullish: So the desired positive day saw the index scale 8400 and looks set to move higher with not much resistance till 8700 level, the index has turned BUY THE DIPS...)

Thursday, May 28, 2015

Option Open Interest for 28-05-2015

Inference
The Index opened flat to positive around 8345 but saw selling pressure to touch the lows of 8270, a smart short covering rally moved the index back above 8300 but missed closing in positive by a whisker to close at 8319.00, loss of 15.60 points. The broader market was also weak, with 641 advances to 825 declines. The broader range as per Option Table at the start of the series is 8000-8800.
  • Call option 7900-9000 added huge 34.80 lacs OI.
  • Put option 8600-7800 added huge 26.78 lacs OI with profit booking seen at 7700 and below strike prices.
  • Nifty Open Interest is at 1,29,73,375 up by 28,08,900, with decrease in price, most probably 100% rollover with huge short build-up.
  • Bank Nifty Open Interest is at 16,12,425 up by 6,24,525, with decrease in price, most probably 100% rollover with huge short build-up.
  • FII’s bought 2.14 lacs Futures, which includes 129258 contracts long liquidation and 109694 contracts short covering, with decrease in net OI by 238952 contracts (includes 190939 longs to 182396 shorts for the day) and the Average Price comes to 8632.51.
  • FII’s Index future open contract as on date is 270518 Longs to 275464 Shorts, Net Short 4946 contracts.
  • Initial support at 8300, with OI of 24.08 lacs and below that at 8000 with highest OI of 38.30 lacs.
  • Initial resistance at 8400, with OI of 19.02 lacs and above that at 9000 with OI of 29.42 lacs.
  • Day Range as per Option Table is 8251 - 8385 and as per VIX is 8244 - 8394 with 8318 as the Pivot.
India VIX : 17.28 up by 0.15 points
Call OI : 24545025
Put OI : 27292250
PCR OI : 1.112
SMR : 15.54 (Neutral to Bearish: New series starts with nice support building up around 8200-8000 level whereas resistance of note only around 8800, a positive start tomorrow and the OI table will turn Bullish...)

Wednesday, May 27, 2015

Option Open Interest for 27-05-2015

Inference
The Index opened negative around 8303 and went onto touch the lows of 8278 within the first few minutes but saw value buying to prop the index above 8300 to close just in red at 8334.60, loss of 4.75 points. The broader market was also weak, with 656 advances to 825 declines. Range as per Option Table till expiry is at 8100-8500.
  • Call option 8300-8350 added 7.23 lacs OI with profit booking seen at 8400 and above strike prices.
  • Put option 8350-8100 added 6.64 lacs OI with short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 86,01,350 down by 21,49,400, whereas June series added 36.01 lacs with decrease in price, most probably 100% rollover with huge short build-up.
  • Bank Nifty Open Interest is at 13,04,575 down by 1,78,475, whereas June series added 2.42 lacs with increase in price, most probably 100% rollover with long build-up.
  • FII’s sold 1.78 lacs Futures, which includes 29640 contracts long build-up and 36775 contracts short build-up, with increase in net OI by 66415 contracts (includes 307019 longs to 314154 shorts for the day) and the Average Price comes to 8833.71.
  • FII’s Index future open contract as on date is 399776 Longs to 385158 Shorts, Net Long 14618 contracts.
  • Initial and best support still at 8300, with OI of 52.22 lacs and below that at 8200 with OI of 48.97 lacs.
  • Initial resistance at 8400, with OI of 46.51 lacs and above that at 8500 with highest OI of 54.08 lacs.
  • Day Range as per Option Table is 8256 - 8389 and as per VIX is 8259 - 8410 with 8318 as the Pivot.
India VIX : 17.28 up by 0.21 points
Call OI : 34925750
Put OI : 37354100
PCR OI : 1.070
SMR : 16.16 (Neutral to Bearish: The 8300PE writers were able to save the level with ease but huge resistance starts from 8400-8500, An Expiry around 8300-8400 is a probability...)

Tuesday, May 26, 2015

Option Open Interest for 26-05-2015

Inference
The Index opened flat to positive but saw selling pressure to move to the lows of the day at 8320. A smart short covering rally towards the end saw the index cover most of the losses but still closed in red at 8339.35, loss of 30.90 points. The broader market was also weak, with 580 advances to 892 declines. Range as per Option Table till expiry is at 8000-8500.
  • Call option 8300-8400 added huge 19.88 lacs OI with profit booking seen at 8500 and above strike prices.
  • Put option 8200 added 4.79 lacs OI with short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 1,07,50,750 down by 11,64,400, whereas June series added 20.99 lacs with decrease in price, most probably 100% rollover with huge short build-up.
  • Bank Nifty Open Interest is at 14,83,050 down by 1,40,475, whereas June series added 2.42 lacs with increase in price, most probably 100% rollover with long build-up.
  • FII’s bought 1.87 lacs Futures, which includes 39491 contracts long build-up and 32027 contracts short build-up, with increase in net OI by 71518 contracts (includes 156529 longs to 149065 shorts for the day) and the Average Price comes to 8874.93.
  • FII’s Index future open contract as on date is 370136 Longs to 348383 Shorts, Net Long 21753 contracts.
  • Initial and best support still at 8300, with OI of 49.48 lacs and below that at 8200 with OI of 47.36 lacs.
  • Initial resistance at 8400, with OI of 48.35 lacs and above that at 8500 with highest OI of 58.43 lacs.
  • Day Range as per Option Table is 8274 - 8415 and as per VIX is 8265 - 8414 with 8346 as the Pivot.
India VIX : 17.07 up by 0.14 points
Call OI : 36822175
Put OI : 39091100
PCR OI : 1.062
SMR : 16.08 (Neutral to Bearish: The CE writers tried to tighten the noose with huge addition at 8300-8400 level, based on the above an Expiry below 8400 is very much possible, 8300 still the best Support...)

Monday, May 25, 2015

Option Open Interest for 25-05-2015

Inference
The Index opened negative and stayed weak throughout the entire session of trade to close near the lows of the day at 8370.25, huge loss of 88.70 points. The broader market was also weak, with 568 advances to 915 declines. Range as per Option Table till expiry is at 8000-8500.
  • Call option 8350-8500 added huge 29.06 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8350 added 0.19 lacs OI with short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 1,19,15,150 down by 9,50,300, whereas June series added 6.81 lacs with decrease in price, most probably rollover with huge long liquidation.
  • Bank Nifty Open Interest is at 16,23,525 down by 1,49,475, whereas June series added 1.52 lacs with decrease in price, most probably 100% rollover with small short build.
  • FII’s bought 0.54 lacs Futures, which includes 888 contracts long build-up and 1271 contracts short covering, with decrease in net OI by 383 contracts (includes 115594 longs to 113435 shorts for the day) and the Average Price comes to 8912.54.
  • FII’s Index future open contract as on date is 330645 Longs to 316356 Shorts, Net Long 14289 contracts.
  • Initial and best support at 8300, with OI of 52.42 lacs and below that at 8200 with OI of 42.57 lacs.
  • Initial resistance at 8400, with OI of 40.70 lacs and above that at 8500 with highest OI of 62.22 lacs.
  • Day Range as per Option Table is 8309 - 8463 and as per VIX is 8296 - 8444 with 8392 as the Pivot.
India VIX : 16.93 down by 0.02 points
Call OI : 37233200
Put OI : 40844775
PCR OI : 1.237
SMR : 15.43 (Bullish: Expiry week started with the CE writers taking control of the proceedings with 8500 level now out of bounds for the Bulls, support still stays at 8300...)

Friday, May 22, 2015

Option Open Interest for 22-05-2015

Inference
The Index opened positive and saw huge buying interest from the onset to make a high of 8490 but saw some profit booking in the second half to close a bit lower at 8458.95, gain of 37.95 points. The broader market though was weak, with 637 advances to 845 declines. Range as per Option Table is at 8000-8600.
  • Call option 8800 added 1.25 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8500-8400 added huge 24.79 lacs OI with profit booking seen at 8300 and below strike prices.
  • Nifty Open Interest is at 1,28,65,450 down by 2,79,000, whereas June series added 12.70 lacs with increase in price, most probably 100% rollover with huge long build-up.
  • Bank Nifty Open Interest is at 17,73,000 up by 73,925, whereas June series added 0.79 lacs with decrease in price, most probably short build-up in both series.
  • FII’s bought huge 6.74 lacs Futures, which includes 55102 contracts long build-up and 28140 contracts short build-up, with increase in net OI by 83242 contracts (includes 124501 longs to 97539 shorts for the day) and the Average Price comes to 9033.73.
  • FII’s Index future open contract as on date is 329757 Longs to 317627 Shorts, Net Long 12130 contracts.
  • Initial support at 8400, with OI of 52.55 lacs and below that at 8300 with highest OI of 57.10 lacs.
  • Initial and best resistance at 8500, with OI of 49.89 lacs and above that at 8600 with OI of 45.84 lacs.
  • Day Range as per Option Table is 8381 - 8533 and as per VIX is 8384 - 8534 with 8456 as the Pivot.
India VIX : 16.95 down by 0.46 points
Call OI : 36288175
Put OI : 45818100
PCR OI : 1.263
SMR : 13.42 (Bullish: The PE writers have made sure that Expiry in all probability will now be above 8400, and maybe near the highest point of the Series, Stays a Buy on Dips...)

Thursday, May 21, 2015

Option Open Interest for 21-05-2015

Inference
The Index opened positive but saw selling pressure to the lows of the day at 8382. The responsive buyers tried to move the index up from thereon but could close just below the previous day at 8421.00, miniscule loss of 2.25 points. The broader market was weak, with 609 advances to 882 declines. Developing Range as per Option Table is at 8200-8600.
  • Call option 8500-8600 added 2.79 lacs OI with profit booking seen at 8800 and above strike prices.
  • Put option 8400-8200, 8000 added huge 24.06 lacs OI with profit booking seen at 8100 strike price.
  • Nifty Open Interest is at 1,31,44,450 down by 4,39,025, whereas June series added 4.06 lacs with decrease in price, most probably rollover with small long liquidation.
  • Bank Nifty Open Interest is at 16,99,075 down by 71,375, whereas June series added 0.29 lacs with decrease in price, most probably small rollover with long liquidation.
  • FII’s sold huge 5.50 lacs Futures, which includes 6952 contracts long liquidation and 15043 contracts short build-up, with increase in net OI by 8091 contracts (includes 71952 longs to 93947 shorts for the day) and the Average Price comes to 8934.27.
  • FII’s Index future open contract as on date is 274655 Longs to 289487 Shorts, Net Short 14832 contracts.
  • Initial support at 8400, with OI of 35.85 lacs and below that at 8300 with huge OI of 59.67 lacs.
  • Initial and best resistance at 8500, with OI of 50.50 lacs and above that at 8600 with OI of 48.00 lacs.
  • Day Range as per Option Table is 8336 - 8500 and as per VIX is 8344 - 8498 with 8417 as the Pivot.
India VIX : 17.41 down by 0.31 points
Call OI : 37372600
Put OI : 46230025
PCR OI : 1.237
SMR : 14.07 (Bullish: Though the index closed in Red, the OI Table stayed firmly in control of the Bulls with support getting stronger around 8300, Resistance at 8500...)

Wednesday, May 20, 2015

Option Open Interest for 20-05-2015

Inference
The Index opened positive and scaled 8400 within the first few seconds and stayed above it for the entire session though in a very narrow range and closed the day at 8423.25, gain of 57.60 points. The broader market was just positive, with 763 advances to 727 declines. Developing Range as per Option Table is at 8100-8600.
  • Call option 8800 added 1.78 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8500-8100, 7800 added huge 34.55 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 1,35,83,475 down by 19,600, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 17,70,450 up by 94,975, with inn price, most probably huge long build-up.
  • FII’s bought huge 9.31 lacs Futures, which includes 40237 contracts long build-up and 3011 contracts short build-up, with increase in net OI by 43248 contracts (includes 79869 longs to 42643 shorts for the day) and the Average Price comes to 9013.66.
  • FII’s Index future open contract as on date is 281607 Longs to 27444 Shorts, Net Long 7163 contracts.
  • Initial support at 8400, with huge OI addition of 11.49 lacs and below that at 8300 with highest OI of 56.16 lacs.
  • Initial and best resistance at 8500, with OI of 49.45 lacs and above that at 8600 with OI of 46.27 lacs.
  • Day Range as per Option Table is 8332 - 8507 and as per VIX is 8345 - 8501 with 8418 as the Pivot.
India VIX : 17.72 down by 0.55 points
Call OI : 38358650
Put OI : 44698975
PCR OI : 1.165
SMR : 15.21 (Bullish: The Option Table is now in control of the Bulls with 8300PE having the highest OI, best resistance still stays at 8500, Buy on Dips stays...)

Tuesday, May 19, 2015

Option Open Interest for 19-05-2015

Inference
The Index though opened weak but saw a steady rise towards the highs of the day at 8428, a sell-off though saw the index close in red at 8365.65, small loss of 8.00 points. The broader market was positive, with 781 advances to 711 declines. Developing Range as per Option Table comes to 8000-8600.
  • Call option 8400-8600 added huge 13.97 lacs OI with profit booking seen at 8800 strike price.
  • Put option 8400-8300, 8000 added huge 16.78 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,36,03,075 down by 21,050, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 16,75,475 down by 84,850, with decrease in price, most probably huge long liquidation.
  • FII’s bought huge 6.73 lacs Futures, which includes 20951 contracts long build-up and 5981 contracts short covering, with increase in net OI by 14970 contracts (includes 75663 longs to 48731 shorts for the day) and the Average Price comes to 8923.13.
  • FII’s Index future open contract as on date is 241370 Longs to 271433 Shorts, Net Short 30063 contracts.
  • Initial support at 8300, with OI of 49.26 lacs and below that at 8200 with OI of 42.42 lacs.
  • Initial resistance still at 8400, with OI of 40.17 lacs and above that at 8500 with OI of 50.97 lacs.
  • Day Range as per Option Table is 8282 - 8465 and as per VIX is 8286 - 8446 with 8376 as the Pivot.
India VIX : 18.27 up by 0.37 points
Call OI : 39676225
Put OI : 42138825
PCR OI : 1.062
SMR : 17.20 (Bullish: The Option Table stays positive for the Bulls with huge support building up around 8300, resistance though got better around 8400-8500, can stay in range...)

Monday, May 18, 2015

Option Open Interest for 18-05-2015

Inference
The Index opened positive and stayed positive throughout the entire session of trade and closed near the highs at 8373.65, huge gain of 111.30 points. The broader market was positive, with 990 advances to 485 declines. Developing Range has increased as per Option Table to 8100-8800.
  • Call option 8800 added 6.88 lacs OI with short covering seen at 8400 and below strike prices.
  • Put option 8400-8100 added huge 37.03 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 1,36,24,125 down by 3,85,900, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 17,60,325 up by 1,33,100, with increase in price, most probably huge long build-up.
  • FII’s bought 1.41 lacs Futures, which includes 1271 contracts long liquidation and 6930 contracts short covering, with decrease in net OI by 8201 contracts (includes 64818 longs to 59159 shorts for the day) and the Average Price comes to 9032.84.
  • FII’s Index future open contract as on date is 220419 Longs to 277414 Shorts, Net Short 56995 contracts.
  • Initial support now at 8300, with OI of 42.76 lacs and below that at 8200 with OI of 52.41 lacs.
  • Initial resistance though looking weak is at 8400, with OI of 34.36 lacs and above that at 8500 with OI of 46.96 lacs.
  • Day Range as per Option Table is 8255 - 8446 and as per VIX is 8295 - 8452 with 8343 as the Pivot.
India VIX : 17.90 down by 1.92 points
Call OI : 38848475
Put OI : 43606925
PCR OI : 1.122
SMR : 15.95 (Bullish: The Option Table has turned Bullish with support starting from 8300-8000 range, resistance of note only at 8500-8600...)

Friday, May 15, 2015

Option Open Interest for 15-05-2015

Inference
The Index opened flat to positive but saw an initial dip towards the lows of the day at 8212 and thereafter stayed positive throughout to close at 8262.35, gain of 38.15 points. The broader market was positive, with 821 advances to 660 declines. Developing Range as per Option Table stays at 8000-8500.
  • Call option 8400-9000 added 3.19 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8300-7900 added huge 21.69 lacs OI with profit booking seen at 7800 strike price.
  • Nifty Open Interest is at 1,40,10,025 down by 71,525, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 16,27,225 down by 84,550, with increase in price, most probably short covering.
  • FII’s sold 1.16 lacs Futures, which includes 6258 contracts long build-up and 10897 contracts short build-up, with increase in net OI by 17155 contracts (includes 55859 longs to 60498 shorts for the day) and the Average Price comes to 8790.10.
  • FII’s Index future open contract as on date is 221690 Longs to 284344 Shorts, Net Short 62654 contracts.
  • Initial support stays at 8200, with OI of 37.35 lacs and below that at 8100 with OI of 47.55 lacs.
  • Initial resistance at 8300, with OI of 38.88 lacs and above that at 8400 with OI of 40.43 lacs.
  • Day Range as per Option Table is 8157 - 8351 and as per VIX is 8177 - 8348 with 8251 as the Pivot.
India VIX : 19.82 down by 0.88 points
Call OI : 41808700
Put OI : 40493725
PCR OI : 0.969
SMR : 20.46 (Bullish to Neutral: Downside risk if any is diminishing with time as strong support exists at 8100-8000 whereas resistance of note starts from 8400, range bound days ahead...)

Thursday, May 14, 2015

Option Open Interest for 14-05-2015

Inference
The Index opened flat but saw huge dip towards the lows of the day at 8137 within the first few minutes of trade. Nifty saw some laboured movement and closed just negative at 8224.20, small loss of 11.25 points. The broader market was positive, with 874 advances to 603 declines. Developing Range as per Option Table stays at 8000-8500.
  • Call option 8300-8800 added huge 24.32 lacs OI with short covering seen at 8200 and below strike prices.
  • Put option 8000-7800 added 2.04 lacs OI with short covering seen at 8100 and above strike prices.
  • Nifty Open Interest is at 1,40,81,550 up by 2,14,875, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 17,11,775 up by 29,825, with increase in price, most probably long build-up.
  • FII’s sold huge 19.52 lacs Futures, which includes 19731 contracts long liquidation and 58336 contracts short build-up, with increase in net OI by 38605 contracts (includes 53711 longs to 131778 shorts for the day) and the Average Price comes to 8778.84.
  • FII’s Index future open contract as on date is 215432 Longs to 213447 Shorts, Net Short 78067 contracts.
  • Initial support still at 8200, with OI of 34.06 lacs and below that at 8100 with OI of 43.95 lacs.
  • Initial resistance at 8300, with OI of 38.75 lacs and above that at 8400 with OI of 39.78 lacs.
  • Day Range as per Option Table is 8102 - 8313 and as per VIX is 8135 - 8313 with 8199 as the Pivot.
India VIX : 20.70 up by 0.01 points
Call OI : 41557275
Put OI : 39466925
PCR OI : 0.950
SMR : 21.80 (Neutral: The support at 8100 saw a small dent with PCR going below 1, resistance at 8500 looks ominous for the time being, Turning out to be Sell on Rise...)

Wednesday, May 13, 2015

Option Open Interest for 13-05-2015

Inference
The Index opened huge up around 8181 and went on to touch 8250 only to be sold off to the lows of the day around 8090. The responsive buyer took control from thereon to move the index back above 8200 and close near the highs at 8235.45, huge gain of 108.50 points. The broader market was positive, with 980 advances to 509 declines. Developing Range as per Option Table stays at 8000-8500.
  • Call option 8700 added 0.70 lacs OI with huge short covering seen at 8300 and lower strike prices.
  • Put option 8000-7800 added 3.18 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 1,38,66,675 down by 2,27,725, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 16,81,950 down by 1,76,375, with increase in price, most probably huge short covering.
  • FII’s sold huge 6.58 lacs Futures, which includes 2069 contracts long build-up and 28383 contracts short build-up, with increase in net OI by 30452 contracts (includes 100260 longs to 126574 shorts for the day) and the Average Price comes to 8953.04.
  • FII’s Index future open contract as on date is 235163 Longs to 215111 Shorts, net long just 20052 down huge 26314 contracts.
  • Initial support at 8200, with OI of 34.86 lacs and below that at 8100 with highest OI of 47.19 lacs.
  • Initial resistance now at 8300, with OI of 36.49 lacs and above that at 8400 with OI of 35.98 lacs.
  • Day Range as per Option Table is 8095 - 8314 and as per VIX is 8146 - 8325 with 8193 as the Pivot.
India VIX : 20.69 up by 0.14 points
Call OI : 39441175
Put OI : 39919375
PCR OI : 1.012
SMR : 20.44 (Bullish to Neutral: Another huge swing and the index closed 108 points up, but the Option table did not have much to show. Support best at 8100-8000...)