Thursday, October 29, 2015

Option Open Interest for 29-10-2015

Inference
The Index opened flat but saw huge liquidation from the onset to close the expiry around the lows of the day at 8111.75, huge loss of 59.45 points. The broader market was negative, with 612 advances to 873 declines. The range at the start of the series is at 8000-8500.
  • Call option 7900-8800 added huge 37.81 lacs OI.
  • Put option 8500-7500 added huge 31.74 lacs OI.
  • Nifty Open Interest is at 1,78,30,125 up by 42,06,375, with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 21,90,750 up by 7,50,060, with decrease in price, 100% roll-over with huge short build-up.
  • FII’s sold 3.88 lacs Futures, which includes 264257 contracts long liquidation and 209565 contracts short covering, with decrease in net OI by 473822 contracts, includes 153407 longs to 168939 shorts for the day.
  • FII’s Index future open contract as on date is 194257 Longs to 92142 Shorts, Net Long 102115 down by huge 54692 contracts.
  • Initial support at 8100, with OI of 20.78 lacs and below that at 8000 with OI of 26.67 lacs.
  • Initial resistance at 8200, with OI of 17.53 lacs and above that at 8300 with OI of 20.07 lacs.
  • Day Range as per Option Table is 8066 - 8185 and as per VIX is 8037 - 8186 with 8130 as the Pivot.
India VIX : 17.58 up by 0.54 points
Call OI : 20724150
Put OI : 20005200
PCR OI : 0.965
SMR : 18.21 (Bearish with Caution : The OI table for the new series starts weak with PCR below 1, though support building up around 8100-8000 level, the best resistance coming up at 8500...)