Tuesday, August 4, 2015

Option Open Interest for 04-08-2015

Inference
The Index opened flat but saw profit booking at higher level to make low around 8448 but closed well above the psychological level of 8500 at 8516.90, loss of 26.15 points. The broader market though was positive, with 826 advances to 677 declines. The range at the start of series stays at 8200-8800.
  • Call option 8500-9000 added huge 28.53 lacs OI with profit booking seen at 9100 and above strike prices.
  • Put option 8500-7900 added huge 29.32 lacs OI with small short covering seen at 9000 strike prices
  • Nifty Open Interest is at 1,60,57,275 down by 7,96,525, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 20,31,825 up by 46,725, with increase in price, most probably long build-up.
  • FII’s sold 4.54 lacs Futures, which includes 4307 contracts long liquidation and 13835 contracts short build-up, with increase in net OI by 9528 contracts (includes 62690 longs to 80832 shorts for the day) and the Average Price comes to 9040.87.
  • FII’s Index future open contract as on date is 491158 Longs to 135902 Shorts, Net Long 355256 contracts.
  • Initial support still at 8500, with OI of 26.31 lacs and below that at 8400 with OI of 33.15 lacs.
  • Initial resistance at 8600, with OI of 28.31 lacs and above that at 8700 with OI of 36.31 lacs.
  • Day Range as per Option Table is 8450 - 8572 and as per VIX is 8451 - 8583 with 8510 as the Pivot.
India VIX : 14.83 down by 0.56 points
Call OI : 27780100
Put OI : 28971975
PCR OI : 1.043
SMR : 14.22 (Bullish : A No Change RBI policy saw huge volatility with the index closing weak though the PE writers stayed firm with 8300-8200 level now solid support...)

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