Monday, October 5, 2015

Option Open Interest for 05-10-2015

Inference
The Index opened positive above 8005 and stayed strong throughout the entire session of trade making higher highs with each passing hour and closed near the top at 8119.30, huge gain of 168.40 points. The broader market was strong, with 1207 advances to 316 declines. The range for the series stays at 7500-8300.
  • Call option 8200-8600 added 8.11 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8200-7700 added huge 44.03 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 2,03,37,625 up by 12,44,750, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 24,66,850 down by 98,975, with increase in price, most probably short covering.
  • FII’s bought huge 15.50 lacs Futures, which includes 83697 contracts long build-up and 21684 contracts short build-up, with increase in net OI by 105381 contracts (includes 140360 longs to 78347 shorts for the day) and the Average Price comes to 8542.77.
  • FII’s Index future open contract as on date is 552082 Longs to 356733 Shorts, Net Long 195349 up by 62013 contracts.
  • Initial support now at 8000, with OI of 32.71 lacs and below that at 7900 with OI of 32.12 lacs.
  • Initial resistance at 8200, with OI of 41.04 lacs and above that at 8300 with OI of 43.99 lacs.
  • Day Range as per Option Table is 7990 - 8195 and as per VIX is 8038 - 8201 with 8084 as the Pivot.
India VIX : 19.13 down by 0.11 points
Call OI : 32496125
Put OI : 38224650
PCR OI : 1.176
SMR : 16.26 (Bullish : Positive open with huge PE addition at 8200-7700 level has turned the OI table highly Bullish, with immediate resistance only at 8200-8300...)