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...)