Tuesday, December 22, 2015

Option Open Interest for 22-12-2015

Inference
The index opened flat and stayed in a narrow range but saw huge sell-off to close weak near the lows at 7786.10, loss of 48.35 points. The broader market was negative, with 737 advances to 821 declines. The range for series stays at 7500-8000.
  • Call option 7700-7900 added huge 11.77 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7700-7600 added 2.55 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 1,84,30,425 down by 1,08,675, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 19,60,050 down by 1,24,620, with decrease in price, most probably huge long liquidation.
  • FII’s sold 0.73 lacs Futures, which includes net 1910 contracts long liquidation and 1008 contracts short build-up, with decrease in net OI by 902 contracts, includes 17924 longs to 20842 shorts for the day.
  • FII’s Index future open contract as on date is 101719 Longs to 150004 Shorts, Net (-)48285 down by 2918 contracts.
  • Initial support at 7700, with OI of 42.87 lacs and below that at 7600 with OI of 47.95 lacs.
  • Initial resistance at 7800, with OI of 49.09 lacs and above that at 7900 with OI of 56.12 lacs.
  • Day Range as per Option Table is 7730 - 7865 and as per VIX is 7727 - 7845 with 7803 as the Pivot.
India VIX : 14.48 up by 0.25 points
Call OI : 52983525
Put OI : 46985275
PCR OI : 0.887
SMR : 16.33 (Neutral : Range play stays with 7700-7900 with 7900 now a strong resistance, support comes around 7700-7600, play the support-resistance range...)