Tuesday, August 11, 2015

Option Open Interest for 11-08-2015

Inference
The Index opened positive around 8548 level but saw strong selling from the onset to make a low around 8441 but closed just higher at 8462.35, huge loss of 63.25 points. The broader market was very weak, with 389 advances to 1133 declines. The broader range stays at 8200-8800.
  • Call option 8400-8700 added huge 18.27 lacs OI with profit booking seen at 8800 and above strike prices.
  • Put option 8200 added 4.45 lacs OI with huge short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 1,65,43,700 down by 36,000, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 22,56,350 up by 1,91,000, with decrease in price, most probably huge short build-up.
  • FII’s sold huge 8.76 lacs Futures, which includes 16897 contracts long liquidation and 18138 contracts short build-up, with increase in net OI by 1241 contracts (includes 36159 longs to 71194 shorts for the day) and the Average Price comes to 8894.04.
  • FII’s Index future open contract as on date is 531632 Longs to 146511 Shorts, Net Long 385121 down by 35035 contracts.
  • Initial support now at 8400, with OI of 38.09 lacs and below that at 8300 with OI of 40.20 lacs.
  • Initial resistance at 8500, with huge OI addition of 7.06 lacs and above that at 8600 with OI of 40.94 lacs.
  • Day Range as per Option Table is 8415 - 8546 and as per VIX is 8392 - 8533 with 8487 as the Pivot.
India VIX : 15.89 up by 0.42 points
Call OI : 32367750
Put OI : 32418200
PCR OI : 1.002
SMR : 15.87 (Bearish : The OI table from huge Bullish a few days back has gone neutral with huge addition by the CE writers; best support comes around 8300-8200...)