Thursday, September 24, 2015

Option Open Interest for 24-09-2015

Inference
The Index opened flat to weak and went on to make a low of 7804 within the first few minutes. Buying at lower coupled with short covering saw the index closed in green at 7868.50, gain of 22.55 points. The broader market was also positive, with 809 advances to 690 declines. The broader range at the start of the series comes to 7500-8300.
  • Call option 7500-8500 added huge 28.57 lacs OI.
  • Put option 8500-7200 added huge 48.30 lacs OI.
  • Nifty Open Interest is at 1,83,68,400 up by 38,55,100, with increase in price, most probably 100% roll-over with small long build-up.
  • Bank Nifty Open Interest is at 21,99,500 up by 5,82,325, with decrease in price, most probably roll-over with small long liquidation.
  • FII’s sold 6.53 lacs Futures, which includes 388648 contracts long liquidation and 363629 contracts short covering, with decrease in net OI by 752277 contracts (includes 223390 longs to 249509 shorts for the day) and the Average Price comes to 8284.57.
  • FII’s Index future open contract as on date is 440927 Longs to 321530 Shorts, Net Long 119397 down by 25019 contracts.
  • Initial and best support at 7800, with OI of 32.56 lacs and below that at 7500 with OI of 32.18 lacs.
  • Initial resistance at 8000, with OI of 23.59 lacs and above that at 8200 with OI of 26.48 lacs.
  • Day Range as per Option Table is 7760 - 7959 and as per VIX is 7783 - 7954 with 7856 as the Pivot.
India VIX : 20.88 up by 0.19 points
Call OI : 23031250
Put OI : 26889075
PCR OI : 1.168
SMR : 17.88 (Bearish to Neutral : The Option Interest Table starts the new series with positive vibes, with support coming up at 7800-7500 level, resistance starts from 8000...)