Wednesday, September 30, 2015

Option Open Interest for 30-09-2015

Inference
The Index opened strong around 7924 and stayed strong throughout the entire session of trade to close near the top at 7948.90, huge gain of 105.60 points. The broader market was also positive, with 1019 advances to 482 declines. The range for the series stays at 7500-8300.
  • Call option 8000-8300 added 5.17 lacs OI with short covering seen at 7900 and below strike prices.
  • Put option 8000-7500 added huge 13.90 lacs OI with profit booking seen at 7400 and below strike prices.
  • Nifty Open Interest is at 1,86,53,575 down by 1,71,325, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 26,08,650 up by 57,425, with decrease in price, most probably short build-up.
  • FII’s sold 0.50 lacs Futures, which includes 2995 contracts long build-up and 4986 contracts short build-up, with increase in net OI by 7981 contracts (includes 72404 longs to 74395 shorts for the day) and the Average Price comes to 8443.53.
  • FII’s Index future open contract as on date is 435191 Longs to 349236 Shorts, Net Long 85955 down by 1991 contracts.
  • Initial support up at 7900, with OI of 19.90 lacs and below that at 7800 with OI of 36.17 lacs.
  • Initial resistance at 8000, with OI of 39.14 lacs and above that at 8200 with OI of 36.90 lacs.
  • Day Range as per Option Table is 7828 - 8035 and as per VIX is 7867 - 8031 with 7927 as the Pivot.
India VIX : 19.63 down by 1.94 points
Call OI : 31490325
Put OI : 34615725
PCR OI : 1.099
SMR : 17.86 (Bullish : The OI Table bias is turning Bullish with huge PE addition at 8000-7500 level, though resistance still stays at 8000, back to buy on dips...)