Friday, September 4, 2015

Option Open Interest for 04-09-2015

Inference
The Index opened around 7803, but saw huge selling pressure from the onset breaking 7800 and 7700 level with ease and closing near the lows of the day at 7655.05, huge loss of 167.95 points. The broader market was also very weak, with 213 advances to 1323 declines. The broader range for the series stays at 7500-8200.
  • Call option 7500-8100, 8300 added huge 33.98 lacs OI with profit booking seen at 8200 strike price.
  • Put option 7500-7200 added huge 17.80 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 2,31,95,250 up by 5,06,475, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 24,15,325 up by 28,025, with decrease in price, most probably short build-up.
  • FII’s sold 3.91 lacs Futures, which includes 1516 contracts long build-up and 17144 contracts short build-up, with increase in net OI by 18660 contracts (includes 127271 longs to 142899 shorts for the day) and the Average Price comes to 7807.51.
  • FII’s Index future open contract as on date is 650117 Longs to 346963 Shorts, Net Long 303154 down 15628 contracts.
  • Initial support at 7600, with OI of 30.87 lacs and below that at 7500 with OI of 45.17 lacs.
  • Initial resistance at 7700, with huge OI addition of 8.28 lacs and above that at 8000 with OI of 38.44 lacs.
  • Day Range as per Option Table is 7565 - 7811 and as per VIX is 7549 - 7761 with 7696 as the Pivot.
India VIX : 26.42 up by 2.30 points
Call OI : 44026275
Put OI : 44783050
PCR OI : 1.017
SMR : 25.97 (Bearish with Caution : The Bears had a field day, with the support of 7800 taken out with ease, the OI table is not in sync with price right now and either price or the table will give away...)