Sunday, December 20, 2015

Option Open Interest for 18-12-2015

Inference
The index opened weak and stayed weak for the entire session of trade closing around the lows of the day at 7761.95, huge loss of 82.40 points. The broader market was negative, with 699 advances to 858 declines. The range for series has come down to 7500-8000.
  • Call option 7800-811 added huge 18.83 lacs OI with profit booking seen at 8200 and above strike prices.
  • Put option 8100 added 1.48 lacs OI with profit booking seen at 7500 and below strike prices.
  • Nifty Open Interest is at 1,86,27,975 down by 4,26,225, with decrease in price, most probably huge long liquidation.
  • Bank Nifty Open Interest is at 22,05,120 down by 64,590, with decrease in price, most probably long liquidation.
  • FII’s bought 1.65 lacs Futures, which includes net 6211 contracts long build-up and 399 contracts short covering, with increase in net OI by 5812 contracts, includes 26245 longs to 19635 shorts for the day.
  • FII’s Index future open contract as on date is 105320 Longs to 151202 Shorts, Net (-)45882 up by 6610 contracts.
  • Initial support at 7700, with OI of 39.14 lacs and below that at 7600 with OI of 46.60 lacs.
  • Initial resistance at 7800, with OI of 49.63 lacs and above that at 7900 with OI of 51.63 lacs.
  • Day Range as per Option Table is 7712 - 7845 and as per VIX is 7703 - 7821 with 7784 as the Pivot.
India VIX : 14.49 up by 0.27 points
Call OI : 54602275
Put OI : 46075075
PCR OI : 0.844
SMR : 19.23 (Bearish : The CE writers are back with huge addition at 7800-8100 level, with 7800 now a strong resistance on closing basis, support range 7600-7500...)