Monday, December 14, 2015

Option Open Interest for 14-12-2015

Inference
The index opened weak around 7558, but saw huge buying interest to scale 7600 with ease and stayed positive to close at 7650.05, gain of 39.60 points. The broader market was positive, with 871 advances to 663 declines. The range for series stays at 7500-8100.
  • Call option 7200-7900 added huge 13.32 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7600-7200 added huge 36.53 lacs OI with short covering seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,98,32,400 up by 3,87,600, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 25,89,780 down by 54,000, with no change in price, most probably short covering/long liquidation.
  • FII’s bought 0.69 lacs Futures, which includes net 8458 contracts long build-up and 5712 contracts short build-up, with increase in net OI by 14170 contracts, includes 28451 longs to 25705 shorts for the day.
  • FII’s Index future open contract as on date is 123623 Longs to 160050 Shorts, Net (-)36427 up by 2746 contracts.
  • Initial support at 7600, with OI of 46.30 lacs and below that at 7500 with highest OI of 77.21 lacs.
  • Initial resistance at 7700, with OI of 33.14 lacs and above that at 7800 with OI of 46.95 lacs.
  • Day Range as per Option Table is 7563 - 7696 and as per VIX is 7579 - 7721 with 7622 as the Pivot.
India VIX : 17.80 up by 0.62 points
Call OI : 55816575
Put OI : 48298350
PCR OI : 0.865
SMR : 20.57 (Bearish : For a change huge PE was added at 7600-7300 level, with 7500 now an immediate super support, resistance starts from 7800 onwards...)