Sunday, December 13, 2015

Option Open Interest for 11-12-2015

Inference
The index opened flat to positive but saw huge selling pressure from the onset to dip below 7600 but closed just above at 7610.45, still a huge loss of 72.85 points. The broader market was weak, with 456 advances to 1082 declines. The range for series is back to 7500-8100.
  • Call option 7500-7900 added huge 20.53 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7200, 7400 added 5.45 lacs OI with short covering seen at 7500 and above strike prices.
  • Nifty Open Interest is at 1,94,44,800 up by 5,79,000, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 26,43,780 up by 1,13,880, with decrease price, most probably huge short build-up.
  • FII’s sold 4.00 lacs Futures, which includes net 8189 contracts long liquidation and 7791 contracts short build-up, with decrease in net OI by 398 contracts, includes 24251 longs to 40231 shorts for the day.
  • FII’s Index future open contract as on date is 115165 Longs to 154338 Shorts, Net (-)39173 down by 15980 contracts.
  • Initial support stays at 7600, with OI of 42.60 lacs and below that at 7500 with OI of 59.72 lacs.
  • Initial resistance at 7700, with OI of 32.01 lacs and above that at 7800 with OI of 42.35 lacs.
  • Day Range as per Option Table is 7562 - 7689 and as per VIX is 7542 - 7679 with 7630 as the Pivot.
India VIX : 17.18 up by 0.89 points
Call OI : 55031000
Put OI : 44332300
PCR OI : 0.806
SMR : 21.33 (Bearish : The Weak OI table pulled the index back in red with huge resistance coming up around 7800-8000 level, best support still at 7500...)