Monday, August 10, 2015

Option Open Interest for 10-08-2015

Inference
The Index opened flat to positive and stayed strong for the entire session barring the last 30 minutes which saw huge sell-off to close near the lows of the day at 8525.60, loss of 39.00 points. The broader market was weak, with 682 advances to 842 declines. The broader range stays at 8200-8800.
  • Call option 8500-8900 added huge 10.55 lacs OI with profit booking seen at 9000 and above strike prices.
  • Put option 8600, 7900-7800 added 3.82 lacs OI with profit booking seen at 8400 and below strike prices.
  • Nifty Open Interest is at 1,65,79,700 down by 2,48,050, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 20,65,350 up by 1,13,325, with decrease in price, most probably huge short build-up.
  • FII’s bought 4.78 lacs Futures, which includes 18784 contracts long build-up and 338 contracts short covering, with increase in net OI by 18446 contracts (includes 45455 longs to 26333 shorts for the day) and the Average Price comes to 9016.84.
  • FII’s Index future open contract as on date is 548529 Longs to 128373 Shorts, Net Long 420156 contracts.
  • Initial support still at 8500, with OI of 36.83 lacs and below that at 8400 with OI of 41.82 lacs.
  • Initial resistance at 8600, with OI of 34.41 lacs and above that at 8700 with OI of 45.44 lacs.
  • Day Range as per Option Table is 8480 - 8606 and as per VIX is 8457 - 8595 with 8548 as the Pivot.
India VIX : 15.47 up by 0.56 points
Call OI : 30499300
Put OI : 34356900
PCR OI : 1.126
SMR : 13.73 (Neutral to Bullish : The weakness from last week took its toll and the index closed in red with 8700CE writers adding huge, though the OI table still is positive...)