Thursday, December 3, 2015

Option Open Interest for 03-12-2015

Inference
The index opened weak around 7902 and saw it dip below 7900 with ease and stayed below to close near the lows at 7864.15, loss of 67.20 points. The broader market was weak, with 570 advances to 969 declines. The range for series stays at 7500-8200.
  • Call option 7800-8600 added huge 54.59 lacs OI with small short covering seen at 7700 and below strike prices.
  • Put option 7800-7300 added huge 11.23 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,93,72,950 up by 30,750, with decrease in price, most probably short build-up.
  • Bank Nifty Open Interest is at 19,94,160 up by 83,790, with decrease price, most probably huge short build-up.
  • FII’s sold 2.16 lacs Futures, which includes net 5594 contracts long liquidation and 3030 contracts short build-up, with decrease in net OI by 2564 contracts, includes 15619 longs to 24243 shorts for the day.
  • FII’s Index future open contract as on date is 135417 Longs to 136098 Shorts, Net (-)681 down by 8624 contracts.
  • Initial support now at 7800, with OI of 31.39 lacs and below that at 7500 with OI of 46.55 lacs.
  • Initial and super resistance at 8000, with OI of 52.23 lacs and above that at 8100 with OI of 54.24 lacs.
  • Day Range as per Option Table is 7819 - 7929 and as per VIX is 7798 - 7930 with 7877 as the Pivot.
India VIX : 16.06 up by 0.57 points
Call OI : 47235050
Put OI : 40840475
PCR OI : 0.865
SMR : 18.57 (Bearish : The CE writers have taken full control of the OI table with huge resistance from 8000 onwards, best support for the time being only around 7500, Sell on rise...)