Monday, October 26, 2015

Option Open Interest for 26-10-2015

Inference
The Index opened gap-up at 8334 but saw huge profit booking from the onset and closed near the lows of the day at 8260.55, loss of 34.90 points. The broader market was negative, with 504 advances to 1026 declines. The range for the Expiry weeks stays at 8100-8400.
  • Call option 8250 added 1.89 lacs OI with profit booking seen at 8300 and above strike prices.
  • Put option 8200-8100 added 5.03 lacs OI with profit booking seen at 8000 and below strike prices.
  • Nifty Open Interest is at 1,68,83,450 down by 16,43,575, whereas Nov series added 17.76 lacs OI with decrease in price, 100% roll-over with small short long build-up.
  • Bank Nifty Open Interest is at 19,25,950 down by 1,59,300, whereas Nov series added 1.03 lacs OI with decrease in price, mostly roll-over with huge long liquidation.
  • FII’s bought huge 11.54 lacs Futures, which includes 7499 contracts long liquidation and 53655 contracts short covering, with decrease in net OI by 61154 contracts includes 151780 longs to 105624 shorts for the day.
  • FII’s Index future open contract as on date is 612890 Longs to 336379 Shorts, Net Long 276511 up by huge 46156 contracts.
  • Initial and best support at 8200, with highest OI of 58.32 lacs and below that at 8100 with OI of 46.53 lacs.
  • Initial and best resistance at 8300, with OI of 54.25 lacs and above that at 8400 with OI of 49.82 lacs.
  • Day Range as per Option Table is 8211 - 8337 and as per VIX is 8186 - 8335 with 8283 as the Pivot.
India VIX : 17.23 up by 1.04 points
Call OI : 33423950
Put OI : 45785375
PCR OI : 1.370
SMR : 12.58 (Bullish : The index stays back within the 8200-8300 range with strong addition at 8200PE level, can see more range bound moves but with increased volatility...)