Thursday, August 20, 2015

Option Open Interest for 20-08-2015

Inference
The Index opened negative but went on to touch the highs around 8500 where the sellers took control to move the index below 8400 with ease and closed at 8372.75, huge loss of 122.40 points. The broader market was weak, with 302 advances to 1226 declines. The broader range has contracted to 8200-8600.
  • Call option 8300-8800 added huge 38.84 lacs OI with profit booking seen at 8900 and above strike prices.
  • No Put option added any OI whereas short covering was seen at 8400 and above strike prices.
  • Nifty Open Interest is at 1,46,58,075 up by 2,43,200, whereas Sept series added 2.69 lacs with decrease in price, most probably short build-up in both series.
  • Bank Nifty Open Interest is at 20,98,600 up by 4,94,700, whereas Sept series added 0.77 lacs with decrease in price, most probably huge short build-up in both series.
  • FII’s sold huge 21.19 lacs Futures, which includes 55166 contracts long liquidation and 29592 contracts short build-up, with decrease in net OI by 25574 contracts (includes 76495 longs to 161253 shorts for the day) and the Average Price comes to 8823.31.
  • FII’s Index future open contract as on date is 361475 Longs to 214350 Shorts, Net Long 147125 down by 84758 contracts.
  • Initial and very good support at 8300, with OI of 59.05 lacs and below that at 8200 with highest OI of 63.57 lacs.
  • Initial resistance now at 8400, with huge OI addition of 12.53 lacs and above that at 8500 with OI of 52.85 lacs.
  • Day Range as per Option Table is 8323 - 8479 and as per VIX is 8298 - 8447 with 8411 as the Pivot.
India VIX : 16.98 up by 0.30 points
Call OI : 38201825
Put OI : 36112800
PCR OI : 0.945
SMR : 17.96 (Bearish: In a single day the CE writers changed the whole complexion of the OI table with huge addition at 8400-8600 level, PCR has gone below 1 and now it is sell on rise...)