Sunday, December 6, 2015

Option Open Interest for 04-12-2015

Inference
The index opened weak around 7818 and stayed weak for the entire session of trade to close near the lows just below the psychological level of 7800 at 7781.90, huge loss of 82.25 points. The broader market was weak, with 532 advances to 996 declines. The range for series stays at 7500-8200.
  • Call option 7700-8100 added huge 14.95 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7700-7400 added huge 10.21 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 1,95,55,500 up by 1,82,550, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 21,62,100 up by 1,67,940, with decrease price, most probably huge short build-up.
  • FII’s sold 4.14 lacs Futures, which includes net 10509 contracts long liquidation and 6039 contracts short build-up, with decrease in net OI by 4470 contracts, includes 20562 longs to 37110 shorts for the day.
  • FII’s Index future open contract as on date is 124908 Longs to 142137 Shorts, Net (-)17229 down by 16548 contracts.
  • Initial support now at 7700, with OI of 33.05 lacs and below that at 7500 with OI of 51.59 lacs.
  • Initial resistance at 7900, with OI of 26.73 lacs and above that at 8000 with OI of 55.72 lacs.
  • Day Range as per Option Table is 7735 - 7849 and as per VIX is 7716 - 7847 with 7793 as the Pivot.
India VIX : 16.09 up by 0.03 points
Call OI : 48330000
Put OI : 41143100
PCR OI : 0.851
SMR : 18.90 (Bearish : The CE writers are in full control of the OI table with anything above 8000 looks remote for the time being, best support only at 7500...)