Wednesday, December 2, 2015

Option Open Interest for 02-12-2015

Inference
The index opened positive around 7977 but saw profit booking from the onset and went on to touch 7910, pullback if any were sold-off and the index closed at 7931.35, loss of 23.55 points. The broader market was also negative, with 761 advances to 774 declines. The range for series is at 7500-8200.
  • Call option 7900-8600 added huge 19.75 lacs OI with small short covering seen at 7800 and below strike prices.
  • Put option 7700-7600 added 3.14 lacs OI with small short covering seen at 8100 and above strike prices.
  • Nifty Open Interest is at 1,93,42,200 down by 1,63,650, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 19,10,370 down by 97,260, with decrease price, most probably long liquidation.
  • FII’s sold 2.31 lacs Futures, which includes net 4612 contracts long liquidation and 4640 contracts short build-up, with increase in net OI by 28 contracts, includes 11254 longs to 20506 shorts for the day.
  • FII’s Index future open contract as on date is 141011 Longs to 133068 Shorts, Net Long 7943 down by 9252 contracts.
  • Initial support stays at 7900, with OI of 28.31 lacs and below that at 7500 with OI of 46.12 lacs.
  • Initial and best resistance at 8000, with OI of 47.42 lacs and above that at 8100 with OI of 42.97 lacs.
  • Day Range as per Option Table is 7885 - 7993 and as per VIX is 7867 - 7996 with 7940 as the Pivot.
India VIX : 15.49 down by 0.15 points
Call OI : 41601350
Put OI : 39726875
PCR OI : 0.955
SMR : 16.22 (Bearish to Neutral : The CE writers have taken back control of the OI table with PCR volume below 1, upside if any will be sold as highest OI is at 8000CE level...)