Tuesday, November 17, 2015

Option Open Interest for 17-11-2015

Inference
The index opened strong around 7849 but saw profit booking towards the lows at 7793, but responsive buying saw Nifty close positive at 7837.55, gain of 30.95 points. The broader market was positive, with 821 advances to 702 declines. The range for the series stays at 7700-8000.
  • Call option 7900-8100 added 2.86 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7900-7800 added 6.16 lacs OI with profit booking seen at 7700 and below strike prices.
  • Nifty Open Interest is at 1,69,96,425 down by 1,56,000, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 24,58,500 up by 3,600, with increase in price, most probably short covering.
  • FII’s sold 0.52 lacs Futures, which includes net 2056 contracts long liquidation and 5 contracts short build-up, with decrease in net OI by 2051 contracts, includes 27457 longs to 29518 shorts for the day.
  • FII’s Index future open contract as on date is 141375 Longs to 141498 Shorts, Net Short 123 down by 2061 contracts.
  • Initial support at 7800, with OI of 43.46 lacs and below that at 7700 with OI of 56.65 lacs.
  • Initial resistance at 7900, with OI of 43.83 lacs and above that at 8000 with OI of 66.13 lacs.
  • Day Range as per Option Table is 7762 - 7902 and as per VIX is 7768 - 7907 with 7830 as the Pivot.
India VIX : 16.97 down by 0.91 points
Call OI : 48127500
Put OI : 33825900
PCR OI : 0.703
SMR : 24.14 (Bearish : The index has closed around the centre point of the OI table range, may see some range bound moves within the perimeter of 7750-7950...)