Sunday, August 9, 2015

Option Open Interest for 07-08-2015

Inference
The Index opened flat to negative and stayed negative for the major part of the session and closed weak at 8564.60, loss of 24.05 points. The broader market was weak, with 655 advances to 862 declines. The broader range stays at 8200-8800.
  • Call option 8700-8800 added 3.75 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8600, 8300-8200 added 7.68 lacs OI with profit booking seen at 8100 strike price.
  • Nifty Open Interest is at 1,68,27,750 down by 53,625, with decrease in price, most probably small long liquidation.
  • Bank Nifty Open Interest is at 19,52,025 down by 1,33,575, with decrease in price, most probably huge long liquidation.
  • FII’s bought 2.14 lacs Futures, which includes 8125 contracts long build-up and 444 contracts short covering, with increase in net OI by 7681 contracts (includes 21658 longs to 13089 shorts for the day) and the Average Price comes to 8993.18.
  • FII’s Index future open contract as on date is 529745 Longs to 128711 Shorts, Net Long 401034 contracts.
  • Initial support stays at 8500, with OI of 37.02 lacs and below that at 8400 with OI of 44.42 lacs.
  • Initial resistance still at 8600, with OI of 32.91 lacs and above that at 8700 with OI of 38.93 lacs.
  • Day Range as per Option Table is 8511 - 8628 and as per VIX is 8498 - 8631 with 8571 as the Pivot.
India VIX : 14.91 up by 0.18 points
Call OI : 29567825
Put OI : 34640475
PCR OI : 1.172
SMR : 12.73 (Bullish : For 3 days in a row the index is unable to close above 8600 though the OI table stays positive but some kind of weakness seems to be creeping in...)