Saturday, October 3, 2015

Option Open Interest for 01-10-2015

Inference
The Index opened strong around 7992 but after making an initial high above 8000 saw profit booking and closed flat at 7950.90, small gain of 2.00 points. The broader market was flat, with 764 advances to 742 declines. The range for the series stays at 7500-8300.
  • Call option 8000-8500 added huge 16.96 lacs OI with short covering seen at 7900 and below strike prices.
  • Put option 8200-7800, 7500 added huge 12.52 lacs OI with profit booking seen at 7600, 7400 and below strike prices.
  • Nifty Open Interest is at 1,90,92,875 up by 4,39,300, with small increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 25,65,825 down by 42,825, with decrease in price, most probably long liquidation.
  • FII’s bought 11.85 lacs Futures, which includes 33194 contracts long build-up and 14187 contracts short covering, with increase in net OI by 19007 contracts (includes 100685 longs to 53304 shorts for the day) and the Average Price comes to 8414.36.
  • FII’s Index future open contract as on date is 468385 Longs to 335049 Shorts, Net Long 133336 up by 47381 contracts.
  • Initial support stays at 7900, with OI of 21.07 lacs and below that at 7800 with OI of 38.88 lacs.
  • Initial resistance at 8000, with OI of 40.70 lacs and above that at 8200 with OI of 39.74 lacs.
  • Day Range as per Option Table is 7860 - 8059 and as per VIX is 7871 - 8031 with 7963 as the Pivot.
India VIX : 19.24 down by 0.39 points
Call OI : 32759100
Put OI : 34957800
PCR OI : 1.067
SMR : 18.03 (Bullish : The OI Table stays firm though huge resistance developing around 8000 level, still stays range bound for the time being within 7800-8050...)