Monday, September 7, 2015

Option Open Interest for 07-09-2015

Inference
The Index opened positive and went up to touch the highs at 7705 but saw huge sell-off to the lows of the day at 7546 and closed at 7558.80, huge loss of 96.25 points. The broader market was also very weak, with 295 advances to 1234 declines. The broader range for the series stays at 7500-8200.
  • Call option 7400-7900 added huge 16.77 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7600-7100 added huge 15.57 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 2,35,72,250 up by 3,77,575, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 25,88,175 up by 1,72,850, with decrease in price, most probably huge short build-up.
  • FII’s sold huge 12.97 lacs Futures, which includes 13995 contracts long liquidation and 37868 contracts short build-up, with increase in net OI by 23873 contracts (includes 58595 longs to 110458 shorts for the day) and the Average Price comes to 7707.44.
  • FII’s Index future open contract as on date is 636122 Longs to 384831 Shorts, Net Long 251291 down by 51863 contracts.
  • Initial and best support at 7500, with OI of 48.09 lacs and below that at 7400 with OI of 36.52 lacs.
  • Initial resistance at 7700, with OI of 19.29 lacs and above that at 8000 with OI of 37.15 lacs.
  • Day Range as per Option Table is 7473 - 7714 and as per VIX is 7455 - 7663 with 7603 as the Pivot.
India VIX : 26.35 down by 0.07 points
Call OI : 45478025
Put OI : 45925575
PCR OI : 1.010
SMR : 26.09 (Bearish with Caution: The upmove of the first few minutes saw the seller take full advantage and closed to a new low of the year, though OI stays neutral for the time being...)