Monday, November 23, 2015

Option Open Interest for 23-11-2015

Inference
The index opened flat and stayed in a narrow range of 52 points for the entire session of trade and closed flat at 7849.25, loss of 7.30 points. The broader market was positive, with 831 advances to 705 declines. The range till expiry stays at 7700-8000.
  • Call option 7850-8000 added huge 15.74 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7850-7800 added 3.32 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,37,72,100 down by 20,15,025, whereas Dec series added 45.63 lacs with not much change in price, most probably 100% roll-over with long/short build-up.
  • Bank Nifty Open Interest is at 18,03,210 down by 3,79,080, whereas Dec series added 4.55 lacs with no change in price, most probably 100% roll-over long/short build-up.
  • FII’s bought 1.67 lacs Futures, which includes net 38902 contracts long build-up and 32235 contracts short build-up, with increase in net OI by 71137 contracts, includes 126733 longs to 120066 shorts for the day.
  • FII’s Index future open contract as on date is 198162 Longs to 183187 Shorts, Net Long 14975 up by 6667 contracts.
  • Initial support at 7800, with OI of 42.45 lacs and below that at 7700 with OI of 48.71 lacs.
  • Initial and very good resistance at 7900, with OI of 48.43 lacs and above that at 8000 with highest OI of 65.65 lacs.
  • Day Range as per Option Table is 7782 - 7918 and as per VIX is 7779 - 7919 with 7851 as the Pivot.
India VIX : 17.08 up by 1.18 points
Call OI : 44002350
Put OI : 33592725
PCR OI : 0.763
SMR : 22.37 (Bearish : The OI table is tightly bound within the 7700-8000 range, though the bias remains negative, higher side selling has been the order of the day...)