Monday, November 30, 2015

Option Open Interest for 30-11-2015

Inference
The index opened flat to negative and stayed in a narrow range of 43 points to close flat at 7935.25, small loss of 7.45 points. The broader market was positive, with 915 advances to 623 declines. The range at the start of series stays at 7500-8300.
  • Call option 8000-8500 added huge 13.87 lacs OI with short covering seen at 7900 and below strike prices.
  • Put option 8000-7400 added huge 10.85 lacs OI with short covering seen at 8200 and above strike prices.
  • Nifty Open Interest is at 1,92,02,025 up by 4,74,975, with no change in price, most probably short/long build-up.
  • Bank Nifty Open Interest is at 19,20,660 down by 53,190, with increase price, most probably short covering.
  • FII’s bought 3.11 lacs Futures, which includes net 7545 contracts long build-up and 4909 contracts short covering, with increase in net OI by 2636 contracts, includes 36754 longs to 24300 shorts for the day.
  • FII’s Index future open contract as on date is 139687 Longs to 117866 Shorts, Net Long 21821 up by 12454 contracts.
  • Initial support stays at 7900, with OI of 27.40 lacs and below that at 7500 with OI of 47.91 lacs.
  • Initial resistance at 8000, with OI of 37.03 lacs and above that at 8300 with OI of 35.87 lacs.
  • Day Range as per Option Table is 7882 - 7999 and as per VIX is 7867 - 8003 with 7941 as the Pivot.
India VIX : 16.73 down by 0.30 points
Call OI : 36690075
Put OI : 38821675
PCR OI : 1.058
SMR : 15.81 (Bullish : The OI Table stays positive but resistance for the time being coming up around 8000; stays a Buy on dips ...)