Thursday, November 26, 2015

Option Open Interest for 26-11-2015

Inference
The index opened flat to positive and stayed positive throughout the entire session of expiry trade and closed near the highs at 7883.80, gain of 52.20 points. The broader market was positive, with 928 advances to 597 declines. The range at the start of series is 7500-8300.
  • Call option 7900-8600 added 39.59 lacs OI.
  • Put option 8500-7300 added 39.05 lacs OI.
  • Nifty Open Interest is at 1,87,77,900 up by 47,10,525, with increase in price, most probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 17,89,800 up by 6,50,430, with increase price, mostly roll-over with small short covering.
  • FII’s sold 1.41 lacs Futures, which includes net 87286 contracts long liquidation and 78604 contracts short covering, with decrease in net OI by 165890 contracts, includes 63308 longs to 68944 shorts for the day.
  • FII’s Index future open contract as on date is 128084 Longs to 124216 Shorts, Net Long 3868 down by 8682 contracts.
  • Initial support at 7800, with OI of 22.81 lacs and below that at 7500 with OI of 43.77 lacs.
  • Initial resistance at 8000, with OI of 30.00 lacs and above that at 8200 with OI of 31.44 lacs.
  • Day Range as per Option Table is 7812 - 7939 and as per VIX is 7815 - 7953 with 7871 as the Pivot.
India VIX : 16.69 up by 0.44 points
Call OI : 32515800
Put OI : 30938000
PCR OI : 0.951
SMR : 17.54 (Neutral : The new series has started with Neutral bias and a huge range of 7500-8300, a follow-up action tomorrow can see some more up-side...)

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