Tuesday, October 13, 2015

Option Open Interest for 13-10-2015

Inference
The Index opened negative and saw sell-off from the morning itself, with upmove sold with ease making a low below 8100, but closed nearly flat at 8131.70, loss of 11.90 points. The broader market though was positive, with 843 advances to 674 declines. The range for the series stays at 7800-8300.
  • Call option 8150-8200 added 1.11 lacs OI with profit booking seen at 8300 and above strike prices.
  • Put option 8000-7800 added 8.62 lacs OI with short covering seen at 8200 and above strike prices.
  • Nifty Open Interest is at 2,10,86,975 down by 7,58,350, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 22,14,025 down by 25,275, with decrease in price, most probably long liquidation.
  • FII’s sold 4.57 lacs Futures, which includes 24075 contracts long liquidation and 5807 contracts short covering, with decrease in net OI by 29882 contracts (includes 49687 longs to 67955 shorts for the day) and the Average Price comes to 8653.47.
  • FII’s Index future open contract as on date is 662378 Longs to 331542 Shorts, Net Long 330836 down by 18268 contracts.
  • Initial support still at 8100, with OI of 45.76 lacs and below that at 8000 with OI of 45.95 lacs.
  • Initial and best resistance at 8200, with OI of 51.80 lacs and above that at 8300 with OI of 49.45 lacs.
  • Day Range as per Option Table is 8048 - 8203 and as per VIX is 8055 - 8208 with 8124 as the Pivot.
India VIX : 18.02 down by 1.10 points
Call OI : 34600750
Put OI : 44123950
PCR OI : 1.275
SMR : 14.13 (Bullish : The OI table stays neutral with boundaries for the time being at 8000-8200, failure of any of the level can give 200 points with ease, till then range play...)