Friday, August 21, 2015

Option Open Interest for 21-08-2015

Inference
The Index opened negative around 8305 and went on to the lows of the day around 8225. A small pullback saw the index reclaim 8300 but closed just below at 8299.95, huge loss of 72.80 points. The broader market was weak, with 472 advances to 1046 declines. The broader range stays at 8200-8600.
  • Call option 8200-8500 added huge 44.73 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8100-7800 added huge 29.73 lacs OI with short covering seen at 8300 and above strike prices.
  • Nifty Open Interest is at 1,47,37,625 up by 79,550, whereas Sept series added 8.92 lacs with decrease in price, most probably short build-up in both series.
  • Bank Nifty Open Interest is at 22,77,500 up by 56,500, whereas Sept series added 1.66 lacs with decrease in price, most probably huge short build-up in both series.
  • FII’s sold huge 26.12 lacs Futures, which includes 33923 contracts long liquidation and 70571 contracts short build-up, with increase in net OI by 36648 contracts (includes 134404 longs to 238898 shorts for the day) and the Average Price comes to 8800.68.
  • FII’s Index future open contract as on date is 327552 Longs to 284921 Shorts, Net Long 42631 down by huge 10449 contracts.
  • Initial and best support at 8200, with OI of 54.25 lacs and below that at 8100 with OI of 30.20 lacs.
  • Initial resistance at 8400, with OI of 41.57 lacs and above that at 8500 with OI of 55.67 lacs.
  • Day Range as per Option Table is 8206 - 8374 and as per VIX is 8226 - 8374 with 8282 as the Pivot.
India VIX : 17.12 up by 0.14 points
Call OI : 40934825
Put OI : 35006650
PCR OI : 0.855
SMR : 20.02 (Bearish : Huge unwinding at 8400-8200PE level and the OI table has turned very weak with visible support only around 8200, resistance starts from 8300 level...)