Wednesday, December 23, 2015

Option Open Interest for 23-12-2015

Inference
The index opened up around 7830 and stayed strong throughout the entire session of trade and closed near the highs at 7865.95, huge gain of 79.85 points. The broader market was strong, with 931 advances to 614 declines. The range for series stays at 7500-8000.
  • Call option 7900 added 0.93 lacs OI with short covering seen at 7800 and below strike prices.
  • Put option 7900-7700 added huge 22.20 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 1,71,15,975 down by 13,14,450, whereas Jan series added 12.68 lacs with increase in price, mostly roll-over with small short covering.
  • Bank Nifty Open Interest is at 18,85,290 down by 74,760, whereas Jan series added 0.49 lacs with increase in price, mostly roll-over with some short covering.
  • FII’s bought 2.36 lacs Futures, which includes net 2342 contracts long build-up and 7079 contracts short covering, with decrease in net OI by 4737 contracts, includes 43388 longs to 33967 shorts for the day.
  • FII’s Index future open contract as on date is 104061 Longs to 142925 Shorts, Net (-)38864 up by 9421 contracts.
  • Initial very good support at 7800, with OI of 50.37 lacs and below that at 7700 with OI of 46.61 lacs.
  • Initial resistance at 7900, with OI of 57.05 lacs and above that at 8000 with highest OI of 75.33 lacs.
  • Day Range as per Option Table is 7792 - 7922 and as per VIX is 7810 - 7922 with 7855 as the Pivot.
India VIX : 13.65 down by 0.83 points
Call OI : 51398500
Put OI : 48789150
PCR OI : 0.949
SMR : 14.38 (Bullish : The See-Saw of the index continues, though the PE writers have made huge inroads with 7800 now a strong support, resistance from 7900 onwards...)