Thursday, September 10, 2015

Option Open Interest for 10-09-2015

Inference
The Index opened huge gap-gown around 7729 and went on to make a low of 7678.50, but the responsive buyers took control to move the index back in green above 7800 but was adjusted lower at 7788.10, loss of 30.50 points. The broader market was also negative, with 554 advances to 940 declines. The broader range for the series stays at 7500-8200.
  • Call option 7900-8100, 8300-8400 added huge 9.03 lacs OI with profit booking seen at 8200 strike price.
  • Put option 7700-7100 added huge 16.92 lacs OI with small short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 2,27,27,800 up by 4,73,775, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 25,39,450 up by 1,23,025, with decrease in price, most probably short build-up.
  • FII’s sold 3.81 lacs Futures, which includes 11594 contracts long build-up and 26839 contracts short build-up, with increase in net OI by 38433 contracts (includes 81804 longs to 97049 shorts for the day) and the Average Price comes to 8038.73.
  • FII’s Index future open contract as on date is 662499 Longs to 386324 Shorts, Net Long 276175 down by 15245 contracts.
  • Initial support stays at 7800, with OI of 38.88 lacs and below that at 7600 with OI of 39.17 lacs.
  • Initial resistance at 7900, with OI of 23.72 lacs and above that at 8000 with OI of 38.63 lacs.
  • Day Range as per Option Table is 7651 - 7890 and as per VIX is 7687 - 7889 with 7762 as the Pivot.
India VIX : 24.75 up by 0.45 points
Call OI : 44979875
Put OI : 48247300
PCR OI : 1.073
SMR : 23.07 (Neutral : Weak open saw value buying within the support range of 7700-7500 though resistance stays at 7900 and above, may stay within the range of 7600-7900 for the next few days...)