Sunday, December 27, 2015

Option Open Interest for 24-12-2015

Inference
The index opened up at the highs of the day around 7889 but saw profit booking to close flat at 7861.05, small loss of 4.90 points. The broader market was positive, with 875 advances to 655 declines. The range for series stays at 7500-8000.
  • None of the Call option added any OI whereas short covering was seen at 7900 and below strike prices.
  • Put option 7900-7800 added 0.95 lacs OI with profit booking seen at 7700 and below strike prices.
  • Nifty Open Interest is at 1,64,00,850 down by 7,15,125, whereas Jan series added 6.25 lacs with no change, mostly roll-over with small short covering/long liquidation.
  • Bank Nifty Open Interest is at 18,08,700 down by 76,590, whereas Jan series added 0.62 lacs with decrease in price, mostly roll-over with some long liquidation.
  • FII’s bought 1.52 lacs Futures, which includes net 6129 contracts long build-up and 54 contracts short build-up, with increase in net OI by 6183 contracts, includes 27253 longs to 21178 shorts for the day.
  • FII’s Index future open contract as on date is 110190 Longs to 142979 Shorts, Net (-)32789 up by 6075 contracts.
  • Initial very good support at 7800, with OI of 50.54 lacs and below that at 7700 with OI of 44.52 lacs.
  • Initial resistance at 7900, with OI of 51.83 lacs and above that at 8000 with highest OI of 75.07 lacs.
  • Day Range as per Option Table is 7800 - 7923 and as per VIX is 7804 - 7918 with 7862 as the Pivot.
India VIX : 13.75 up by 0.10 points
Call OI : 50270500
Put OI : 48304725
PCR OI : 0.961
SMR : 14.31 (Bullish : Huge short covering seen at most CE level, though strong resistance stays at 7900-8000, solid support at 7800 and 7500, may stay in range...)