Thursday, December 17, 2015

Option Open Interest for 17-12-2015

Inference
The index opened strong around 7783, but saw small profit booking to the lows of the day at 7738, but strong short covering saw the index close near the highs of the day at 7844.35, huge gain of 93.45 points. The broader market was strong, with 1239 advances to 322 declines. The range for series is 7500-8200.
  • Most of the Call option did not add any OI with short covering seen at 7800 and below strike prices.
  • Put option 7900-7700 added huge 20.40 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 1,90,54,200 down by 4,50,975, with increase in price, most probably huge short covering.
  • Bank Nifty Open Interest is at 22,69,710 down by 1,12,380, with increase in price, most probably huge short covering.
  • FII’s sold 2.43 lacs Futures, which includes net 13397 contracts long liquidation and 3690 contracts short covering, with decrease in net OI by 17087 contracts, includes 26628 longs to 36335 shorts for the day.
  • FII’s Index future open contract as on date is 99109 Longs to 151601 Shorts, Net (-)52492 down by 9707 contracts.
  • Initial support at 7800, with huge OI addition of 7.07 lacs and below that at 7700 with OI of 41.71 lacs.
  • Initial resistance at 7900, with OI of 45.23 lacs and above that at 8000 with highest OI of 77.97 lacs.
  • Day Range as per Option Table is 7753 - 7887 and as per VIX is 7786 - 7903 with 7812 as the Pivot.
India VIX : 14.22 down by 2.51 points
Call OI : 54135325
Put OI : 48276850
PCR OI : 0.892
SMR : 15.95 (Bullish : Huge short covering at each and every CE level has brought the Bulls back with visible resistance only at 7900-8000 level, initial support at 7700...)

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