Tuesday, August 25, 2015

Option Open Interest for 25-08-2015

Inference
The Index opened positive around 7895 but dipped to new yearly low at 7667. Value buying saw the index close positive at 7880.70, gain of 71.70 points. The broader market was just negative, with 754 advances to 765 declines. The broader range for expiry comes to around 7700-8100.
  • Call option 7700-7800, 8000 added huge 12.05 lacs OI with profit booking seen at 8100 and above strike prices.
  • Put option 7800-7300 added huge 27.06 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,34,34,400 down by 27,59,725, whereas Sept series added a whopping 44.27 lacs with increase in price, most probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 17,81,450 down by 2,71,300, whereas Sept series added 0.36 lacs with increase in price, most probably small roll-over with huge short covering.
  • FII’s bought 13.23 lacs Futures, which includes 94326 contracts long build-up and 41423 contracts short build-up, with increase in net OI by 135749 contracts (includes 417605 longs to 364702 shorts for the day) and the Average Price comes to 8050.50.
  • FII’s Index future open contract as on date is 550999 Longs to 471010 Shorts, Net Long 79989 up by huge 52903 contracts.
  • Initial and best support at 7800, with OI of 30.36 lacs and below that at 7700 with OI of just 24.24 lacs.
  • Initial resistance at 8000, with huge OI of 36.44 lacs and above that at 8100 with OI of 22.88 lacs.
  • Day Range as per Option Table is 7707 - 7973 and as per VIX is 7770 - 7991 with 7824 as the Pivot.
India VIX : 26.85 down by 1.28 points
Call OI : 42790625
Put OI : 27439525
PCR OI : 0.641
SMR : 41.87 (Bearish : The index closed in green after 3 days of huge drubbing, but the OI table stays weak with PCR-OI at 0.64 and VIX at 26.85, Stays a Sell on Rise till below 8060NS...)