Monday, October 12, 2015

Option Open Interest for 12-10-2015

Inference
The Index opened strong around 8231 and went up to touch the highs of the day at 8244. Profit booking from higher levels saw the index dip towards 8128 and closed weak at 8143.60, loss of 46.10 points. The broader market was negative, with 697 advances to 819 declines. The range for the series stays at 7800-8300.
  • Call option 8200-8500 added huge 16.38 lacs OI with profit booking seen at 8600 strike price.
  • Put option 8300-8000 added 9.18 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 2,18,45,325 up by 5,94,450, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 22,39,300 up by 65,850, with decrease in price, most probably huge short build-up.
  • FII’s bought 8.77 lacs Futures, which includes 29794 contracts long build-up and 5281 contracts short covering, with increase in net OI by 24513 contracts (includes 70535 longs to 35460 shorts for the day) and the Average Price comes to 8533.35.
  • FII’s Index future open contract as on date is 686453 Longs to 337349 Shorts, Net Long 349104 up by huge 35075 contracts.
  • Initial and best support stays at 8100, with OI of 46.31 lacs and below that at 8000 with OI of 45.86 lacs.
  • Initial resistance at 8200, with OI of 50.98 lacs and above that at 8300 with highest OI of 53.70 lacs.
  • Day Range as per Option Table is 8082 - 8248 and as per VIX is 8062 - 8225 with 8172 as the Pivot.
India VIX : 19.12 up by 0.19 points
Call OI : 35967850
Put OI : 43900775
PCR OI : 1.221
SMR : 15.66 (Bullish : Though the OI Table stays positive, but huge barrier has formed around 8200-8300 level, support still at 8100-8000, Can stay within the range of 8000-8300 for the next few days...)