Friday, October 16, 2015

Option Open Interest for 16-10-2015

Inference
The Index opened flat to positive but went in red and stayed weak for the major part of the day, only to see huge buying interest in the last hour of trade to close above the psychological level of 8200 at 8238.15, gain of 58.65 points. The broader market was positive, with 768 advances to 744 declines. The range for the series stays at 8000-8300.
  • Call option 8300-8400 added huge 14.03 lacs OI with short covering seen at 8200 and below strike prices.
  • Put option 8400-8100 added huge 16.48 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 2,03,24,375 up by 2,03,450, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 24,09,850 up by 62,200, with increase in price, most probably long build-up.
  • FII’s sold huge 13.19 lacs Futures, which includes 27521 contracts long liquidation and 25252 contracts short build-up, with decrease in net OI by 2269 contracts includes 36054 longs to 88827 shorts for the day.
  • FII’s Index future open contract as on date is 597273 Longs to 393562 Shorts, Net Long 203711 down by huge 52773 contracts.
  • Initial support now at 8200, with huge OI addition of 8.14 lacs and below that at 8100 with OI of 43.81 lacs.
  • Initial and best resistance at 8300, with OI of 53.98 lacs and above that at 8400 with OI of 43.54 lacs.
  • Day Range as per Option Table is 8148 - 8288 and as per VIX is 8168 - 8308 with 8211 as the Pivot.
India VIX : 16.28 down by 0.89 points
Call OI : 34561750
Put OI : 43801000
PCR OI : 1.267
SMR : 12.85 (Bullish : The Bulls carried on the good work and moved above 8200 and closed strong with huge addition at 8200PE, best resistance only at 8300...)