Tuesday, September 15, 2015

Option Open Interest for 15-09-2015

Inference
The Index opened flat and after making the initial high saw profit booking to make a low around 7800, but closed just up at 7829.10, loss of 43.15 points. The broader market was weak, with 534 advances to 969 declines. The broader range for the series has narrowed down to 7600-8100.
  • Call option 7800-8200 added huge 11.39 lacs OI with profit booking seen at 8300 and above strike prices.
  • Put option 7700-7600 added 2.12 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 2,22,43,100 down by 81,675, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 25,09,875 down by 57,450, with decrease in price, most probably huge long liquidation.
  • FII’s bought 2.65 lacs Futures, which includes 18176 contracts long build-up and 7573 contracts short build-up, with increase in net OI by 25749 contracts (includes 76021 longs to 65418 shorts for the day) and the Average Price comes to 8115.13.
  • FII’s Index future open contract as on date is 678537 Longs to 396275 Shorts, Net Long 282262 up by 10603 contracts.
  • Initial support stays at 7800, with OI of 41.61 lacs and below that at 7600 with OI of 43.45 lacs.
  • Initial resistance at 7900, with OI of 31.79 lacs and above that at 8000 with OI of 46.36 lacs.
  • Day Range as per Option Table is 7733 - 7936 and as per VIX is 7732 - 7926 with 7836 as the Pivot.
India VIX : 23.74 down by 0.58 points
Call OI : 47563650
Put OI : 48441300
PCR OI : 1.018
SMR : 23.31 (Neutral : The index stays in a range of 7740-7900 for the time being with ceiling more or less placed at 8000, Support for the time being stays within the range of 7800-7600...)