Thursday, August 27, 2015

Option Open Interest for 27-08-2015

Inference
The Index for a change opened huge gap-up at 7921 and stayed mostly strong throughout the entire session of expiry day trade on the back of huge short covering to close near the highs at 7948.95, huge gain of 157.10 points. The broader market was also strong, with 1266 advances to 254 declines. The broader range for September expiry comes to 7800-8500.
  • Call option 7800-8500 added huge 40.69 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 8500-7300 added huge 44.34 lacs OI.
  • Nifty Open Interest is at 2,10,45,725 up by 43,38,200, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 19,13,350 up by 7,53,175, with increase in price, most probably huge long build-up.
  • FII’s bought HUGE 19.21 lacs Futures, which includes 112148 contracts long liquidation and 283990 contracts short covering, with decrease in net OI by 396138 contracts (includes 327903 longs to 251066 shorts for the day) and the Average Price comes to 7930.89.
  • FII’s Index future open contract as on date is 518358 Longs to 269974 Shorts, Net Long 248384 up by 171842 contracts.
  • Initial support coming up at 7900, with OI of 20.46 lacs and below that at 7800 with OI of 36.44 lacs.
  • Initial resistance at 8000, with OI of 20.39 lacs and above that at 8200 with OI of 22.44 lacs.
  • Day Range as per Option Table is 7802 - 8064 and as per VIX is 7857 - 8041 with 7925 as the Pivot.
India VIX : 22.04 down by 3.48 points
Call OI : 27000450
Put OI : 27187925
PCR OI : 1.007
SMR : 21.89 (Bearish with Caution : The new series has started with a much better OI table for the Bulls, with huge support around 8000-7800 range, need a follow up action tomorrow to stay in the hunt...)

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