Saturday, November 28, 2015

Option Open Interest for 27-11-2015

Inference
The index opened positive above 7910 and stayed positive throughout the entire session of trade to close near the highs at 7942.70, gain of 58.90 points. The broader market was positive, with 795 advances to 733 declines. The range at the start of series stays at 7500-8300.
  • Call option 7900-8600 added huge 23.13 lacs OI with short covering seen at 7800 and below strike prices.
  • Put option 8300-7300 added huge 43.63 lacs OI.
  • Nifty Open Interest is at 1,87,27,050 down by 50,850, with increase in price, most probably small short covering.
  • Bank Nifty Open Interest is at 19,73,850 up by 1,84,050, with increase price, most probably huge long build-up.
  • FII’s bought 1.37 lacs Futures, which includes net 4058 contracts long build-up and 1441 contracts short covering, with increase in net OI by 2617 contracts, includes 28173 longs to 22674 shorts for the day.
  • FII’s Index future open contract as on date is 132142 Longs to 122775 Shorts, Net Long 9367 up by 5499 contracts.
  • Initial support now at 7900, with OI of 25.81 lacs and below that at 7500 with OI of 46.99 lacs.
  • Initial resistance at 8000, with OI of 32.89 lacs and above that at 8300 with OI of 35.09 lacs.
  • Day Range as per Option Table is 7869 - 7995 and as per VIX is 7873 - 8012 with 7927 as the Pivot.
India VIX : 16.73 up by 0.04 points
Call OI : 35135150
Put OI : 37396900
PCR OI : 1.064
SMR : 15.72 (Bullish : The OI table has turned positive with PCR moving above 1 and strong support at 7500, resistance of note starts from 8200 level...)