Thursday, November 12, 2015

Option Open Interest for 11-11-2015

Inference
Mahurat day say strong open above 7800 and stayed within a narrow range to close positive after many days at 7825.00, gain of 41.65 points. The broader market was also strong, with 1259 advances to 179 declines. The range for the series stays at 7700-8200.
  • Call option 7900-8100 added huge 11.73 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7800-7700 added 4.98 lacs OI with profit booking seen at 7600 strike price.
  • Nifty Open Interest is at 1,76,33,325 down by 1,04,250, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 24,34,920 down by 35,010, with increase in price, most probably short covering.
  • FII’s sold 0.07 lacs Futures, which includes net 211 contracts long liquidation and 85 contracts short build-up, with decrease in net OI by 126 contracts, includes 949 longs to 1245 shorts for the day.
  • FII’s Index future open contract as on date is 158816 Longs to 123952 Shorts, Net Long 34864 down by 296 contracts.
  • Initial support stays at 7800, with OI of 42.39 lacs and below that at 7700 with OI of 55.42 lacs.
  • Initial resistance at 7900, with OI of 34.44 lacs and above that at 8000 with OI of 52.87 lacs.
  • Day Range as per Option Table is 7758 - 7901 and as per VIX is 7756 - 7894 with 7831 as the Pivot.
India VIX : 16.91 up by 0.08 points
Call OI : 47900775
Put OI : 33134775
PCR OI : 0.692
SMR : 24.45 (Bearish : The CE writers are still piling on the agony with 8000 now a huge resistance, support still stays at 7800-7700 range, Stays a sell on rise...)