Thursday, November 19, 2015

Option Open Interest for 19-11-2015

Inference
The index opened up around 7788 and went on to scale back 7800 with ease and closed near the highs of the day at 7842.75, huge gain of 110.95 points. The broader market was strong, with 1078 advances to 433 declines. The range for the series stays at 7700-8000.
  • Call option added nil OI with short covering seen at 7800 and below strike prices.
  • Put option 7900-7500 added huge 29.30 lacs OI with short covering seen at 8000 and above strike prices.
  • Nifty Open Interest is at 1,66,79,475 down by 9,69,450, whereas Dec series added 2.94 lacs with increase in price, most probably huge short covering with some roll-over.
  • Bank Nifty Open Interest is at 22,76,880 down by 3,07,290, whereas Dec series added just 0.37 lacs with increase in price, most probably huge short covering with small roll-over.
  • FII’s bought 0.16 lacs Futures, which includes net 277 contracts long liquidation and 935 contracts short covering, with decrease in net OI by 1212 contracts, includes 43397 longs to 42739 shorts for the day.
  • FII’s Index future open contract as on date is 148890 Longs to 145474 Shorts, Net Long 3416 up by 658 contracts.
  • Initial support back at 7800, with OI of 45.58 lacs and below that at 7700 with OI of 61.36 lacs.
  • Initial resistance at 7900, with OI of 40.83 lacs and above that at 8000 with highest OI of 63.69 lacs.
  • Day Range as per Option Table is 7751 - 7901 and as per VIX is 7778 - 7908 with 7821 as the Pivot.
India VIX : 15.84 down by 1.58 points
Call OI : 45276975
Put OI : 36724950
PCR OI : 0.811
SMR : 19.53 (Bearish : After many a days, the PE writers got the better of the exchanges with huge addition at 7850-7750 level, whereas the CE writers covered en-mass, range till expiry stays at 7700-8000...)