Thursday, November 5, 2015

Option Open Interest for 05-11-2015

Inference
The Index opened weak and stayed weak throughout the entire session of trade closing below the psychological level of 8000 at 7955.45, huge loss of 84.75 points. The broader market was weak, with just 346 advances to 1165 declines. The range for the series is now at 7800-8300.
  • Call option 8000-8500 added huge 38.90 lacs OI with profit booking seen at 8600 and above strike prices.
  • Put option 7900-7300 added huge 19.03 lacs OI with short covering seen at 8000 and above strike prices.
  • Nifty Open Interest is at 1,90,72,950 up by 3,56,550, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 23,69,130 up by 1,48,650, with decrease in price, most probably huge short build-up.
  • FII’s sold 3.83 lacs Futures, which includes 5846 contracts long liquidation and 9466 contracts short build-up, with increase in net OI by 3620 contracts, includes 28616 longs to 43928 shorts for the day.
  • FII’s Index future open contract as on date is 187898 Longs to 98266 Shorts, Net Long 89632 down by 15312 contracts.
  • Initial support down to 7900, with OI of 37.69 lacs and below that at 7800 with OI of 44.69 lacs.
  • Initial resistance at 8100, with OI of 32.13 lacs and above that at 8200 with OI of 40.26 lacs.
  • Day Range as per Option Table is 7912 - 8036 and as per VIX is 7875 - 8036 with 7977 as the Pivot.
India VIX : 19.29 down by 0.07 points
Call OI : 35609250
Put OI : 32721075
PCR OI : 0.919
SMR : 20.99 (Bearish : The OI table has turned Bearish, with strong resistance coming up at 8200-8300 level, best support around 7900-7800, waiting for the next course of action...)