Wednesday, August 12, 2015

Option Open Interest for 12-08-2015

Inference
The Index opened negative around 8445 and stayed weak throughout the entire session making a low at 8338 and close just a bit higher at 8349.45, huge loss of 112.90 points. The broader market was very weak, with 230 advances to 1296 declines. The broader range contracts to 8200-8700.
  • Call option 8300-8700 added huge 41.33 lacs OI with profit booking seen at 8800 and above strike prices.
  • Put option 8300, 8100-7800 added huge 16.02 lacs OI with huge short covering seen at 8400 and above strike prices.
  • Nifty Open Interest is at 1,60,20,800 down by 5,22,900, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 24,19,375 up by 1,63,025, with decrease in price, most probably huge short build-up.
  • FII’s sold huge 24.68 lacs Futures, which includes 66777 contracts long liquidation and 31956 contracts short build-up, with decrease in net OI by 34821 contracts (includes 53000 longs to 151733 shorts for the day) and the Average Price comes to 8696.92.
  • FII’s Index future open contract as on date is 464855 Longs to 178467 Shorts, Net Long 286388 down by 98733 contracts.
  • Initial and nice support at 8300, with OI of 50.02 lacs and below that at 8300 with highest OI of 59.05 lacs.
  • Initial resistance at 8400, with huge OI addition of 13.83 lacs and above that at 8500 with OI of 38.23 lacs.
  • Day Range as per Option Table is 8303 - 8442 and as per VIX is 8273 - 8426 with 8378 as the Pivot.
India VIX : 17.45 up by 1.56 points
Call OI : 36184650
Put OI : 32230475
PCR OI : 0.891
SMR : 19.59 (Bearish : Bears had a field day with the index closing below 8400 but nearer to the best support area of 8300-8200, Upside resistance starts from 8500, Sell only on Rise...)

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