Tuesday, November 3, 2015

Option Open Interest for 03-11-2015

Inference
The Index opened positive around 8086 and went on to touch the highs of the day at 8100, but saw profit booking to the lows at 8032, but closed positive at 8060.70, small gain of 9.90 points. The broader market was positive, with 848 advances to 652 declines. The range for the series stays at 7800-8500.
  • Call option 8000-8500 added 9.74 lacs OI with small short covering at 7900 and below strike prices.
  • Put option 8100-7400 added huge 17.70 lacs OI with short covering at 8300 and above strike prices.
  • Nifty Open Interest is at 1,90,20,225 up by 59,625, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 21,40,530 up by 67,500, with decrease in price, most probably short build-up.
  • FII’s bought 1.72 lacs Futures, which includes 3390 contracts long build-up and 3507 contracts short covering, with decrease in net OI by 117 contracts, includes 24197 longs to 17300 shorts for the day.
  • FII’s Index future open contract as on date is 195972 Longs to 85778 Shorts, Net Long 110194 up by 6897 contracts.
  • Initial support stays at 8000, with OI of 35.25 lacs and below that at 7900 with OI of 35.99 lacs.
  • Initial resistance at 8100, with OI of 24.36 lacs and above that at 8200 with OI of 30.99 lacs.
  • Day Range as per Option Table is 8005 - 8124 and as per VIX is 7978 - 8143 with 8064 as the Pivot.
India VIX : 19.56 up by 0.08 points
Call OI : 29985900
Put OI : 30027000
PCR OI : 1.001
SMR : 19.53 (Bearish with Caution : The OI table is back to Neutral with PCR now above 1, with strong range of support from 8000-7800 level, resistance starts from 8200 onwards...)

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