Tuesday, October 6, 2015

Option Open Interest for 06-10-2015

Inference
The Index opened positive around the highs of the day at 8180, but saw profit booking and went below 8100. The responsive buyers moved the index back in green to close at 8152.90, gain of 33.60 points. The broader market was positive, with 916 advances to 596 declines. The range for the series has narrowed down to 7800-8300.
  • Call option 8300-8700 added huge 13.51 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8200-7700 added huge 26.57 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 2,03,19,875 down by 17,750, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 23,33,975 down by 1,32,875, with decrease in price, most probably huge long liquidation.
  • FII’s bought 3.32 lacs Futures, which includes 15557 contracts long build-up and 2272 contracts short build-up, with increase in net OI by 17829 contracts (includes 57414 longs to 44129 shorts for the day) and the Average Price comes to 8514.03.
  • FII’s Index future open contract as on date is 567639 Longs to 359005 Shorts, Net Long 208634 up by 13285 contracts.
  • Initial support now at 8100, with OI of 31.83 lacs and below that at 8000 with OI of 37.00 lacs.
  • Initial resistance still at 8200, with OI of 39.24 lacs and above that at 8300 with highest OI of 44.37 lacs.
  • Day Range as per Option Table is 8046 - 8244 and as per VIX is 8070 - 8235 with 8143 as the Pivot.
India VIX : 19.31 up by 0.18 points
Call OI : 33182475
Put OI : 40365825
PCR OI : 1.216
SMR : 15.87 (Bullish : The Bulls used the range bound day for consolidation with huge addition at 8200-8000PE level with base now at 7800, resistance still stays at 8200 and above...)