Wednesday, November 4, 2015

Option Open Interest for 04-11-2015

Inference
The Index opened strong above 8100, but saw huge profit booking from the morning itself and closed near the lows of the day at 8040.20, loss of 20.50 points. The broader market was negative, with 640 advances to 860 declines. The range for the series stays at 7800-8500.
  • Call option 8100-8500 added huge 12.81 lacs OI with small profit booking seen at 8600 and above strike prices.
  • Put option 8100-7700 added huge 10.51 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 1,87,16,400 down by 3,03,825, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 22,20,480 up by 79,950, with decrease in price, most probably huge short build-up.
  • FII’s sold 1.31 lacs Futures, which includes 2228 contracts long liquidation and 3022 contracts short build-up, with increase in net OI by 794 contracts, includes 19069 longs to 24319 shorts for the day.
  • FII’s Index future open contract as on date is 193744 Longs to 88800 Shorts, Net Long 104944 down by 5250 contracts.
  • Initial support still at 8000, with OI of 37.19 lacs and below that at 7900 with OI of 36.56 lacs.
  • Initial resistance at 8100, with OI of 26.85 lacs and above that at 8200 with OI of 32.41 lacs.
  • Day Range as per Option Table is 7997 - 8117 and as per VIX is 7959 - 8122 with 8061 as the Pivot.
India VIX : 19.36 down by 0.20 points
Call OI : 31364175
Put OI : 31006200
PCR OI : 0.989
SMR : 19.58 (Bearish : The OI table stays Neutral with huge support from 8000-7800 range with the index at 8040, upside resistance starts from 8200 onwards...)