Thursday, August 13, 2015

Option Open Interest for 13-08-2015

Inference
The Index opened strong and went on to scale 8400 within the first few minutes of trade only to see the seller back to move the index to the lows of the day and close just positive at 8355.85, small gain of 6.40 points. The broader market was weak, with 450 advances to 1059 declines. The broader range stays at 8200-8700.
  • Call option 8300-8800 added huge 11.77 lacs OI with profit booking seen at 8900 and above strike prices.
  • Put option 8400-7800 added huge 11.88 lacs OI with short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 1,56,91,650 down by 3,29,150, with small increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 22,49,600 down by 1,69,775, with increase in price, most probably huge short covering.
  • FII’s sold 2.48 lacs Futures, which includes 6855 contracts long liquidation and 3062 contracts short build-up, with decrease in net OI by 3793 contracts (includes 36093 longs to 46010 shorts for the day) and the Average Price comes to 8738.60.
  • FII’s Index future open contract as on date is 458000 Longs to 181529 Shorts, Net Long 276471 down by 9917 contracts.
  • Initial good support at 8300, with OI of 50.97 lacs and below that at 8300 with highest OI of 58.63 lacs.
  • Initial resistance stays at 8400, with OI of 32.36 lacs and above that at 8500 with OI of 39.85 lacs.
  • Day Range as per Option Table is 8303 - 8441 and as per VIX is 8281 - 8430 with 8375 as the Pivot.
India VIX : 17.02 down by 0.43 points
Call OI : 37541800
Put OI : 33455225
PCR OI : 0.891
SMR : 19.10 (Bearish : A consolidation day, though the OI table stays weak with PCR below 1, and the best resistance has just come down to 8600, Stays Sell on Rise...)

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