Friday, October 9, 2015

Option Open Interest for 09-10-2015

Inference
The Index opened strong around 8186 and went up to touch the highs at 8232. Profit booking from higher levels saw the index dip towards 8140 but closed just below 8200 at 8189.70, gain of 60.35 points. The broader market was positive, with 822 advances to 698 declines. The range for the series stays at 7800-8300.
  • Call option 8200-8400 added 4.32 lacs OI with profit booking seen at 8500 strike price.
  • Put option 8200-8000 added huge 10.69 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 2,12,50,875 up by 45,750, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 21,73,450 down by 84,675, with increase in price, most probably huge short build-up.
  • FII’s bought 6.18 lacs Futures, which includes 12908 contracts long build-up and 11812 contracts short covering, with increase in net OI by 1096 contracts (includes 83243 longs to 58523 shorts for the day) and the Average Price comes to 8487.34.
  • FII’s Index future open contract as on date is 656659 Longs to 342630 Shorts, Net Long 314029 up by huge 20720 contracts.
  • Initial and best support at 8100, with OI of 43.62 lacs and below that at 8000 with OI of 42.56 lacs.
  • Initial resistance at 8200, with OI of 42.72 lacs and above that at 8300 with highest OI of 47.56 lacs.
  • Day Range as per Option Table is 8098 - 8278 and as per VIX is 8109 - 8271 with 8187 as the Pivot.
India VIX : 18.93 down by 0.63 points
Call OI : 34471300
Put OI : 43377100
PCR OI : 1.258
SMR : 15.04 (Bullish : After 3 days of consolidation, the index broke out with huge addition at 8200PE level, resistance stays at 8200-8300 range where strong support now at 8100...)