Monday, December 7, 2015

Option Open Interest for 07-12-2015

Inference
The index opened strong above 7816 but saw un-winding from the onset to close weak near the lows of the day at 7765.40, loss of 16.50 points. The broader market was negative, with 745 advances to 798 declines. The range for series stays at 7500-8200.
  • Call option 7600-8100 added huge 16.84 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 7800, 7600-7300 added 6.28 lacs OI with short covering seen at 8000 and above strike prices.
  • Nifty Open Interest is at 1,93,54,950 down by 2,00,550, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 21,33,390 down by 28,710, with increase price, most probably short covering.
  • FII’s bought 0.20 lacs Futures, which includes net 3244 contracts long liquidation and 4045 contracts short covering, with decrease in net OI by 7289 contracts, includes 18738 longs to 17937 shorts for the day.
  • FII’s Index future open contract as on date is 121664 Longs to 138092 Shorts, Net (-)16428 up by 801 contracts.
  • Initial support at 7700, with OI of 29.92 lacs and below that at 7500 with OI of 53.29 lacs.
  • Initial resistance at 7900, with OI of 31.65 lacs and above that at 8000 with highest OI of 60.75 lacs.
  • Day Range as per Option Table is 7720 - 7834 and as per VIX is 7701 - 7830 with 7779 as the Pivot.
India VIX : 15.87 down by 0.22 points
Call OI : 50380775
Put OI : 41464300
PCR OI : 0.823
SMR : 16.22 (Bearish : OI at 8000CE level has crossed 60 lacs and now will be the resistance for the series, upside if any will be sold-off, best support at 7500...)