Tuesday, December 15, 2015

Option Open Interest for 15-12-2015

Inference
The index opened flat and after an initial dip towards 7625, saw the buyers back in action to move the index above 7700 and closed at 7700.90, gain of 50.85 points. The broader market was positive, with 968 advances to 545 declines. The range for series is 7500-8200.
  • Call option 8200-8300 added 1.82 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7800-7400 added huge 13.68 lacs OI with profit booking seen at 7300 strike price.
  • Nifty Open Interest is at 2,02,66,650 up by 4,34,250, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 25,66,020 down by 23,760, with increase in price, most probably short covering.
  • FII’s sold 2.06 lacs Futures, which includes net 6956 contracts long liquidation and 1285 contracts short build-up, with decrease in net OI by 5671 contracts, includes 18821 longs to 27062 shorts for the day.
  • FII’s Index future open contract as on date is 116667 Longs to 161335 Shorts, Net (-)44668 down by 8241 contracts.
  • Initial super support at 7600, with OI of 49.11 lacs and below that at 7500 with highest OI of 80.22 lacs.
  • Initial resistance at 7800, with OI of 45.77 lacs and above that at 7900 with OI of 49.90 lacs.
  • Day Range as per Option Table is 7618 - 7749 and as per VIX is 7631 - 7771 with 7677 as the Pivot.
India VIX : 17.34 down by 0.46 points
Call OI : 55127575
Put OI : 50190050
PCR OI : 0.910
SMR : 19.23 (Neutral : The PE writers for a change has made sure that 7500 is held for the series, whereas resistance starts from 7800, OI Table right now is Neutral...)


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