Monday, November 2, 2015

Option Open Interest for 02-11-2015

Inference
The Index opened flat to negative and went down to touch the low of the day just below 8000, only to see some pullback towards the end to close at 8050.80, loss of 15.00 points. The broader market was weak, with 581 advances to 921 declines. The range for the series is now at 7800-8500.
  • Call option 7800-8400 added huge 23.29 lacs OI with profit booking at 8500 strike price.
  • Put option 7900-7400 added huge 36.13 lacs OI with short covering at 8000 and above strike prices.
  • Nifty Open Interest is at 1,89,60,600 up by 1,81,425, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 20,73,030 up by 22,290, with decrease in price, most probably short build-up.
  • FII’s sold 1.19 lacs Futures, which includes 4060 contracts long liquidation and 689 contracts short build-up, with decrease in net OI by 3371 contracts, includes 26424 longs to 31173 shorts for the day.
  • FII’s Index future open contract as on date is 192582 Longs to 89285 Shorts, Net Long 103297 down by 4749 contracts.
  • Initial support still at 8000, with OI of 31.43 lacs and below that at 7900 with OI of 34.27 lacs.
  • Initial resistance at 8100, with huge OI addition of 7.33 lacs and above that at 8200 with OI of 28.65 lacs.
  • Day Range as per Option Table is 7980 - 8104 and as per VIX is 7969 - 8133 with 8036 as the Pivot.
India VIX : 19.48 up by 1.60 points
Call OI : 28794300
Put OI : 28098300
PCR OI : 0.976
SMR : 19.96 (Bearish : The OI table stays weak with some short covering at 8000PE level and range expansion on the lower side, upside strong resistance starts from 8200, stays a sell on rise...)