Wednesday, October 14, 2015

Option Open Interest for 14-10-2015

Inference
The Index opened weak and stayed weak for the major part of the day, with all up moves being sold with ease. The index ultimately closed just above 8100 at 8107.90, loss of 23.80 points. The broader market though was positive, with 792 advances to 691 declines. The range for the series stays at 7800-8300.
  • Call option 8100-8400 added 3.37 lacs OI with profit booking seen at 8500 and above strike prices.
  • Put option 8000, 7800 added 4.66 lacs OI with short covering seen at 8100 and above strike prices.
  • Nifty Open Interest is at 1,97,82,075 down by 13,04,900, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 22,22,925 up by 8,900, with decrease in price, most probably short build-up.
  • FII’s sold huge 17.02 lacs Futures, which includes 45750 contracts long liquidation and 22320 contracts short build-up, with decrease in net OI by 23430 contracts (includes 53465 longs to 121535 shorts for the day) and the Average Price comes to 9042.52.
  • FII’s Index future open contract as on date is 616628 Longs to 353862 Shorts, Net Long 262766 down by huge 68070 contracts.
  • Initial support still at 8100, with OI of 38.21 lacs and below that at 8000 with OI of 47.70 lacs.
  • Initial and best resistance at 8200, with OI of 52.33 lacs and above that at 8300 with OI of 50.23 lacs.
  • Day Range as per Option Table is 8041 - 8187 and as per VIX is 8033 - 8183 with 8115 as the Pivot.
India VIX : 17.72 down by 0.30 points
Call OI : 34717925
Put OI : 43183150
PCR OI : 1.244
SMR : 14.25 (Bullish : The OI Table has seen first sign of weakness at 8100, though 8000 stays rock solid, best resistance at 8200, tomorrow could be the decider...)