Monday, October 19, 2015

Option Open Interest for 19-10-2015

Inference
The Index opened positive and stayed strong with each dip being bought with ease and close near the highs of the day at 8275.05, gain of 36.90 points. The broader market was positive, with 858 advances to 658 declines. The range for the series stays at 8000-8300.
  • Call option 8200-8500 added 8.78 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8300-8200 added huge 12.07 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,99,34,275 down by 3,90,100, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 24,54,475 up by 44,625, with decrease in price, most probably short build-up.
  • FII’s sold 6.31 lacs Futures, which includes 10999 contracts long liquidation and 14231 contracts short build-up, with increase in net OI by 3232 contracts includes 36874 longs to 62104 shorts for the day.
  • FII’s Index future open contract as on date is 586274 Longs to 407793 Shorts, Net Long 178481 down by huge 25230 contracts.
  • Initial support now at 8200, with OI of 44.54 lacs and below that at 8100 with OI of 43.53 lacs.
  • Initial and best resistance stays at 8300, with OI of 57.84 lacs and above that at 8400 with OI of 46.72 lacs.
  • Day Range as per Option Table is 8202 - 8332 and as per VIX is 8202 - 8348 with 8266 as the Pivot.
India VIX : 16.88 up by 0.60 points
Call OI : 35260600
Put OI : 44617875
PCR OI : 1.265
SMR : 13.34 (Bullish : The Bulls stays in control but now near the best resistance in the OI table, though weakness only on a close below 8167NF...)