Monday, August 17, 2015

Option Open Interest for 17-08-2015

Inference
The Index opened flat to positive but saw huge un-winding within the first few minutes of trade to the lows of the day at 8428. Though the index saw some buying interest but closed weak at 8477.30, loss of 41.25 points. The broader market though was positive, with 772 advances to 750 declines. The broader range is still at 8300-8700.
  • Call option 8500-8600, 8900 added 9.98 lacs OI with profit booking seen at 8700 and above strike prices.
  • Put option 8100, 7900 added huge 4.91 lacs OI with huge short covering seen at 8500 and above strike prices.
  • Nifty Open Interest is at 1,44,95,725 down by 5,60,325, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 21,00,800 down by 48,775, with increase in price, most probably short covering.
  • FII’s sold huge 9.24 lacs Futures, which includes 29029 contracts long liquidation and 7945 contracts short build-up, with decrease in net OI by 21084 contracts (includes 47149 longs to 84123 shorts for the day) and the Average Price comes to 9060.16.
  • FII’s Index future open contract as on date is 424226 Longs to 175985 Shorts, Net Long 248241 down by 36974 contracts.
  • Initial support now at 8400, with OI of 40.55 lacs and below that at 8300 with huge OI of 58.76 lacs.
  • Initial resistance at 8500, with OI of 35.57 lacs and above that at 8600 with OI of 50.56 lacs.
  • Day Range as per Option Table is 8402 - 8555 and as per VIX is 8404 - 8550 with 8479 as the Pivot.
India VIX : 16.46 up by 0.44 points
Call OI : 34690700
Put OI : 35449375
PCR OI : 1.022
SMR : 16.11 (Neutral : The See-saw battle continues keeping the larger range bound OI table intact with support at 8300 and resistance around 8600...)