Sunday, November 15, 2015

Option Open Interest for 13-11-2015

Inference
The opened weak and stayed weak albeit in a narrow range and closed at the lowest point of the series at 7762.25, loss of 62.75 points. The broader market was also weak, with 454 advances to 1076 declines. The range for the series stays at 7700-8200.
  • Call option 7500-8200 added huge 16.55 lacs OI with profit booking seen at 8300 and above strike prices.
  • Put option 7700-7300 added 5.56 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 1,75,51,350 down by 81,975, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 24,23,880 down by 11,040, with decrease in price, most probably long liquidation.
  • FII’s sold 5.50 lacs Futures, which includes net 10090 contracts long liquidation and 11901 contracts short build-up, with increase in net OI by 1811 contracts, includes 20119 longs to 42110 shorts for the day.
  • FII’s Index future open contract as on date is 148726 Longs to 135853 Shorts, Net Long 12873 down by 21991 contracts.
  • Initial and best support at 7700, with OI of 58.33 lacs.
  • Initial resistance at 7800, with OI of 34.82 lacs and above that at 7900 with OI of 37.36 lacs.
  • Day Range as per Option Table is 7688 - 7830 and as per VIX is 7694 - 7831 with 7756 as the Pivot.
India VIX : 17.65 up by 0.91 points
Call OI : 48657975
Put OI : 33221550
PCR OI : 0.683
SMR : 25.85 (Bearish : The CE writers have more or less made sure of 8000 as the top for the series whereas the only support stays at 7700, PCR OI at 0.683, time to be cautious at lower levels...)