Sunday, November 22, 2015

Option Open Interest for 20-11-2015

Inference
The index opened flat and after an initial dip saw huge buying interest to move above 7900, but saw the sellers back in action to close flat at 7856.55, gain of 13.80 points. The broader market though was positive, with 893 advances to 635 declines. The range for the series stays at 7700-8000.
  • Call option 7850-7900 added 1.10 lacs OI with short covering seen at 7800 and below strike prices.
  • Put option 7900-7850 added 5.25 lacs OI with profit booking seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,57,87,125 down by 8,92,350, whereas Dec series added 12.00 lacs with not much change in price, most probably 100% roll-over with long/short build-up.
  • Bank Nifty Open Interest is at 21,82,290 down by 94,590, whereas Dec series added 1.07 lacs with decrease in price, most probably 100% roll-over small short build-up.
  • FII’s bought 1.22 lacs Futures, which includes net 10370 contracts long build-up and 5478 contracts short build-up, with increase in net OI by 15848 contracts, includes 56086 longs to 51194 shorts for the day.
  • FII’s Index future open contract as on date is 159260 Longs to 150952 Shorts, Net Long 8308 up by 4892 contracts.
  • Initial support at 7800, with OI of 40.75 lacs and below that at 7700 with OI of 51.71 lacs.
  • Initial resistance stays at 7900, with OI of 41.68 lacs and above that at 8000 with highest OI of 59.38 lacs.
  • Day Range as per Option Table is 7786 - 7933 and as per VIX is 7791 - 7922 with 7860 as the Pivot.
India VIX : 15.90 up by 0.06 points
Call OI : 43120350
Put OI : 34604250
PCR OI : 0.803
SMR : 19.81 (Bearish to Neutral : The OI moves into truncated Expiry week with range of 7700-8000 and neutral bias, could see some choppy range bound moves...)