Wednesday, August 26, 2015

Option Open Interest for 26-08-2015

Inference
The Index opened negative but saw buying interest to the highs of the day around 7930, where the seller were waiting and sold big to the lows of the day below 7800 and closed at 7791.85, loss of 88.85 points. The broader market though was just positive, with 751 advances to 743 declines. The broader range for expiry comes to around 7700-8000.
  • Call option 7800-8100 added huge 30.61 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7800-7700 added 7.53 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,14,95,075 down by 19,39,325, whereas Sept series added a whopping 43.81 lacs with decrease in price, most probably 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 15,33,750 down by 2,47,700, whereas Sept series added 5.03 lacs with decrease in price, most probably 100% roll-over with huge short build-up.
  • FII’s sold 0.86 lacs Futures, which includes 79507 contracts long build-up and 82954 contracts short build-up, with increase in net OI by 162461 contracts (includes 401138 longs to 404585 shorts for the day) and the Average Price comes to 7941.71.
  • FII’s Index future open contract as on date is 630506 Longs to 553964 Shorts, Net Long 76542 down by 3447 contracts.
  • Initial and best support stays at 7800, with OI of 35.27 lacs and below that at 7700 with OI of just 26.86 lacs.
  • Initial resistance at 7900, with huge OI addition of 7.71 lacs and above that at 8000 with highest OI of 45.27 lacs.
  • Day Range as per Option Table is 7693 - 7952 and as per VIX is 7688 - 7896 with 7833 as the Pivot.
Option Open Interest September 2015

India VIX : 25.52 down by 1.33 points
Call OI : 44051975
Put OI : 25182700
PCR OI : 0.572
SMR : 44.64 (Highly Bearish: Weak OI Table saw the index close in RED with PCR and VIX still with the Sellers, Expiry range as per OI table comes to 7700-8000, with negative bias...)