Wednesday, August 19, 2015

Option Open Interest for 19-08-2015

Inference
The Index opened flat but dipped towards the lows of the day at 8426 within the first few minutes of trade only to see the responsive buyers took control from thereon to move the index back above 8500 but closed just lower at 8495.15, gain of 28.60 points. The broader market though was negative, with 743 advances to 758 declines. The broader range expanded to 8200-8800.
  • Call option 8600-8900 added 4.12 lacs OI with short covering seen at 8500 and below strike prices.
  • Put option 8600-7900 added huge 33.15 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,44,14,875 up by 1,60,950, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 19,51,675 down by 48,075, with decrease in price, most probably long liquidation.
  • FII’s sold 4.62 lacs Futures, which includes 4941 contracts long liquidation and 13520 contracts short build-up, with increase in net OI by 8579 contracts (includes 47534 longs to 65995 shorts for the day) and the Average Price comes to 8953.44.
  • FII’s Index future open contract as on date is 416641 Longs to 184758 Shorts, Net Long 231883 down by 18461 contracts.
  • Initial super support at 8400, with OI of 50.96 lacs and below that at 8300 with huge OI of 63.86 lacs.
  • Initial resistance now at 8600, with OI of 51.78 lacs and above that at 8700 with OI of 44.76 lacs.
  • Day Range as per Option Table is 8411 - 8559 and as per VIX is 8421 - 8569 with 8481 as the Pivot.
India VIX : 16.68 up by 0.32 points
Call OI : 33857225
Put OI : 40296850
PCR OI : 1.190
SMR : 14.01 (Bullish : The PE writers have taken control of the OI table with huge support starting from 8400, resistance of note only around 8600; Buy on Dips till 8400PE OI is above 50 lacs...)

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