Tuesday, October 20, 2015

Option Open Interest for 20-10-2015

Inference
The Index opened flat to positive around 8280 and stayed in a narrow range and closed just weak at 8261.65, loss of 13.40 points. The broader market though was positive, with 827 advances to 708 declines. The range for the series stays at 8000-8300.
  • Call option 8200-8300, 8500 added 7.16 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8300-8200, 8000 added 7.45 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 1,95,89,650 down by 3,44,625, whereas Nov series added 5.59 lacs OI with decrease in price, most probably 100% roll-over with small short build-up.
  • Bank Nifty Open Interest is at 24,23,675 down by 30,800, whereas Nov series added 0.10 lacs OI with decrease in price, most probably small long liquidation.
  • FII’s sold 3.10 lacs Futures, which includes 2605 contracts long liquidation and 9803 contracts short build-up, with increase in net OI by 7198 contracts includes 40392 longs to 52800 shorts for the day.
  • FII’s Index future open contract as on date is 583669 Longs to 417596 Shorts, Net Long 166073 down by huge 25230 contracts.
  • Initial support at 8200, with OI of 50.36 lacs and below that at 8100 with OI of 41.01 lacs.
  • Initial and best resistance stays at 8300, with OI of 60.55 lacs and above that at 8400 with OI of 45.28 lacs.
  • Day Range as per Option Table is 8198 - 8323 and as per VIX is 8188 - 8335 with 8262 as the Pivot.
India VIX : 17.00 up by 0.12 points
Call OI : 35515825
Put OI : 45154825
PCR OI : 1.271
SMR : 13.37 (Bullish : Bulls though in control of the OI table but seems unable to scale 8300, with highest OI at that level, need a firm up-move in the next 2 days or else Expiry will be below it...)