Wednesday, August 5, 2015

Option Open Interest for 05-08-2015

Inference
The Index opened strong and stayed strong for the entire session of trade making a high around 8592, but closed just a bit lower at 8567.95, gain of 51.05 points. The broader market was strong, with 1002 advances to 535 declines. The broader range stays at 8200-8800.
  • Call option 8600-8900 added 9.76 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8700-8200 added huge 22.80 lacs OI with small profit booking seen at 8000 and below strike prices
  • Nifty Open Interest is at 1,66,52,500 up by 5,95,225, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 20,14,725 down by 17,100, with decrease in price, most probably long liquidation.
  • FII’s bought huge 6.80 lacs Futures, which includes 21656 contracts long build-up and 5531 contracts short covering, with increase in net OI by 16125 contracts (includes 56228 longs to 29041 shorts for the day) and the Average Price comes to 9050.54.
  • FII’s Index future open contract as on date is 512814 Longs to 130371 Shorts, Net Long 382443 contracts.
  • Initial support at 8500, with OI of 33.93 lacs and below that at 8400 with OI of 40.55 lacs.
  • Initial resistance stays at 8600, with OI of 29.81 lacs and above that at 8700 with OI of 38.43 lacs.
  • Day Range as per Option Table is 8502 - 8635 and as per VIX is 8502 - 8634 with 8569 as the Pivot.
India VIX : 14.67 down by 0.16 points
Call OI : 28557075
Put OI : 31506575
PCR OI : 1.103
SMR : 13.30 (Bullish : The PE writers has been strong throughout the last few days, with Option Table now in control of the Bulls, resistance coming up at 8700-8800 level...)