Tuesday, May 12, 2015

Option Open Interest for 12-05-2015

Inference
The Index opened flat but saw huge selling pressure from the onset to break one psychological level after another to close near the lows of the day at 8126.95, huge loss of 198.30 points. The broader market was also weak, with just 295 advances to 1213 declines. Developing Range as per Option Table is 8000-8500.
  • Call option 8100-8700 added huge 40.56 lacs OI with small profit booking seen at 9000 and above strike price.
  • Put option 7900-7800 added 6.82 lacs OI with huge short covering seen at 8100 and above strike prices.
  • Nifty Open Interest is at 1,40,94,400 up by 4,34,650, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 18,58,325 up by 1,58,175, with decrease in price, most probably huge short build-up.
  • FII’s bought 1.29 lacs Futures, which includes 1321 contracts long liquidation and 6499 contracts short covering, with increase in net OI by 5178 contracts (includes 116759 longs to 111581 shorts for the day) and the Average Price comes to 8903.70.
  • FII’s Index future open contract as on date is 233094 Longs to 186728 Shorts, net long just 46366 up 5178 contracts.
  • Initial support now at 8100, with huge OI of 47.30 lacs and below that at 8000 with OI of 46.06 lacs.
  • Initial resistance at 8200, with OI addition of 7.78 lacs and above that at 8300 with OI of 43.96 lacs.
  • Day Range as per Option Table is 8067 - 8283 and as per VIX is 8040 - 8214 with 8190 as the Pivot.
India VIX : 20.55 up by 1.92 points
Call OI : 40759500
Put OI : 39711850
PCR OI : 0.974
SMR : 21.09 (Bearish to Neutral: The last 2 days Bull rally has been undone in a single day though support still the best at 8100-8000 level, resistance starts from 8300...)