Friday, August 14, 2015

Option Open Interest for 14-08-2015

Inference
The Index opened strong above 8400 and stayed strong throughout the entire session of trade making higher highs with each passing hour to close near the top at 8518.55, huge gain of 162.70 points. The broader market was strong, with 1082 advances to 420 declines. The broader range is now at 8300-8700.
  • Call option 8800-8900 added 1.78 lacs OI with huge short covering seen at 8500 and below strike prices.
  • Put option 8600-8200 added huge 42.29 lacs OI with profit booking seen at 8100 and 7900 strike prices.
  • Nifty Open Interest is at 1,50,56,050 down by 6,35,600, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 21,49,575 down by 1,00,025, with increase in price, most probably huge short covering.
  • FII’s bought 2.19 lacs Futures, which includes 4745 contracts long liquidation and 13489 contracts short covering, with decrease in net OI by 18234 contracts (includes 87905 longs to 79161 shorts for the day) and the Average Price comes to 9071.74.
  • FII’s Index future open contract as on date is 453255 Longs to 168040 Shorts, Net Long 285215 up by 8744 contracts.
  • Initial support now at 8500, with huge OI addition of 12.78 lacs and below that at 8400 with OI of 45.27 lacs.
  • Initial resistance at 8600, with OI of 48.83 lacs and above that at 8700 with OI of 49.63 lacs.
  • Day Range as per Option Table is 8411 - 8565 and as per VIX is 8447 - 8590 with 8477 as the Pivot.
India VIX : 16.02 down by 1.00 points
Call OI : 33837675
Put OI : 37947050
PCR OI : 1.121
SMR : 14.29 (Bullish : The Bulls are back, though they need a follow-up action on Monday to seal it, Best support range now at 8400-8200, resistance only around 8600-8700...)