Tuesday, December 1, 2015

Option Open Interest for 01-12-2015

Inference
The index opened positive and stayed positive throughout the entire session of trade albeit in a very narrow range of 43 points and closed at 7958.15, small gain of 22.90 points. The broader market was positive, with 882 advances to 656 declines. The range at the start of series stays at 7500-8300.
  • Call option 8000-8600 added huge 30.81 lacs OI with short covering seen at 7900 and below strike prices.
  • Put option 8000-7700 added 3.44 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 1,95,05,850 up by 3,03,825, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 20,07,630 up by 86,970, with decrease price, most probably short build-up.
  • FII’s sold 1.16 lacs Futures, which includes net 5936 contracts long build-up and 10562 contracts short build-up, with increase in net OI by 17195 contracts, includes 23123 longs to 27749 shorts for the day.
  • FII’s Index future open contract as on date is 145623 Longs to 128428 Shorts, Net Long 17195 down by 4626 contracts.
  • Initial support stays at 7900, with OI of 27.97 lacs and below that at 7500 with OI of 47.34 lacs.
  • Initial resistance at 8000, with OI of 41.81 lacs and above that at 8200 with OI of 40.88 lacs.
  • Day Range as per Option Table is 7886 - 7995 and as per VIX is 7890 - 8020 with 7954 as the Pivot.
India VIX : 15.64 down by 0.79 points
Call OI : 39418425
Put OI : 39482600
PCR OI : 1.002
SMR : 15.61 (Neutral : The CE writers are back in business with huge addition at 8000-8500 level, and the OI table is back to Neutral, upside if any will laboured from hereon...)