Friday, September 11, 2015

Option Open Interest for 11-09-2015

Inference
The Index opened huge gap-up around 7834 and after making an initial high at 7865 but drifted lower with each passing hour to close flat at 7789.30, miniscule gain of 1.20 points. The broader market was positive, with 898 advances to 594 declines. The broader range for the series stays at 7500-8200.
  • Call option 7900-8500 added huge 12.55 lacs OI with short covering seen at 7800 and below strike prices.
  • Put option 7500, 7300 added 1.78 lacs OI with short covering seen at 8000 and above strike prices.
  • Nifty Open Interest is at 2,26,72,600 down by 55,200, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 24,32,200 down by 1,07,250, with decrease in price, most probably long liquidation.
  • FII’s bought 1.73 lacs Futures, which includes 11604 contracts long build-up and 4674 contracts short build-up, with increase in net OI by 16278 contracts (includes 99287 longs to 92357 shorts for the day) and the Average Price comes to 8014.47.
  • FII’s Index future open contract as on date is 674103 Longs to 390998 Shorts, Net Long 283105 up by 6930 contracts.
  • Initial support stays at 7800, with OI of 38.50 lacs and below that at 7600 with OI of 38.81 lacs.
  • Initial resistance at 7900, with OI of 25.20 lacs and above that at 8000 with OI of 45.15 lacs.
  • Day Range as per Option Table is 7688 - 7914 and as per VIX is 7687 - 7891 with 7805 as the Pivot.
India VIX : 24.98 up by 0.23 points
Call OI : 46081950
Put OI : 47387475
PCR OI : 1.028
SMR : 24.29 (Neutral : A flat day, though the bias as per OI remained negative with 8000 now could act as resistance for the series, similar support at 7500, the index is in a RANGE...)