Wednesday, October 28, 2015

Option Open Interest for 28-10-2015

Inference
The Index opened weak below the psychological level of 8200 and stayed weak for the entire session of trade but closed a few points away from the lows at 8171.20, huge loss of 61.70 points. The broader market was negative, with 618 advances to 874 declines. The range for the Expiry is at 8100-8300.
  • Call option 8150-8300 added huge 19.50 lacs OI with profit booking at 8400 and above strike prices.
  • Put option 8150 added 9.12 lacs OI with short covering at 8200 and above strike prices.
  • Nifty Open Interest is at 1,06,95,775 down by 44,35,700, whereas Nov series added 32.66 lacs OI with decrease in price, mostly roll-over with huge long liquidation.
  • Bank Nifty Open Interest is at 13,26,550 down by 3,25,850, whereas Nov series added 7.09 lacs OI with decrease in price, 100% roll-over with huge short build-up.
  • FII’s sold HUGE 28.73 lacs Futures, which includes 125191 contracts long liquidation and 10252 contracts short covering, with decrease in net OI by 135443 contracts includes 187170 longs to 302109 shorts for the day.
  • FII’s Index future open contract as on date is 458514 Longs to 301707 Shorts, Net Long 156807 down by huge 114939 contracts.
  • Initial support at 8150, with huge OI addition of 9.12 lacs and below that at 8100 with OI of 43.60 lacs.
  • Initial resistance at 8200, with OI of 37.79 lacs and above that at 8300 with highest OI of 53.54 lacs.
  • Day Range as per Option Table is 8113 - 8231 and as per VIX is 8098 - 8244 with 8171 as the Pivot.
November Series OI Table
India VIX : 17.04 up by 0.50 points
Call OI : 28985450
Put OI : 39254925
PCR OI : 1.354
SMR : 12.58 (Neutral to Bearish : The logical happened with the index breaking down below 8200, now Expiry based as per OI can happen within the 8150-8220 range...)