Wednesday, October 21, 2015

Option Open Interest for 21-10-2015

Inference
The Index opened flat but after making an initial high saw profit booking to end in red at 8251.70, loss of 9.95 points. The broader market was negative, with 674 advances to 843 declines. The range for the series has compressed to 8100-8300.
  • Call option 8250 added 0.57 lacs OI with short covering seen at 8100 and below strike prices.
  • Put option 8300-8100 added huge 15.48 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 1,90,44,225 down by 5,45,425, whereas Nov series added 4.34 lacs OI with decrease in price, mostly roll-over with small long liquidation.
  • Bank Nifty Open Interest is at 22,84,950 down by 1,38,725, whereas Nov series added 0.47 lacs OI with decrease in price, small roll-over with huge long liquidation.
  • FII’s bought 0.10 lacs Futures, which includes 481 contracts long build-up and 1496 contracts short covering, with decrease in net OI by 1015 contracts includes 62898 longs to 60921 shorts for the day.
  • FII’s Index future open contract as on date is 584150 Longs to 416100 Shorts, Net Long 168050 up by 1977 contracts.
  • Initial and best support at 8200, with OI of 56.10 lacs and below that at 8100 with OI of 49.44 lacs.
  • Initial and best resistance at 8300, with OI of 59.99 lacs and above that at 8400 with OI of 44.75 lacs.
  • Day Range as per Option Table is 8182 - 8314 and as per VIX is 8180 - 8323 with 8254 as the Pivot.
India VIX : 16.62 down by 0.38 points
Call OI : 35072075
Put OI : 45419700
PCR OI : 1.295
SMR : 12.83 (Bullish : The OI table has been squeezed within a small range of 100 points just a week before expiry, a failure on any side can bring huge short covering and a 100-150 points in hours...)