Monday, December 28, 2015

Option Open Interest for 28-12-2015

Inference
The index opened flat but saw buying interest from the morning itself to move above 7900 and closed at 7925.15, gain of 64.10 points. The broader market was positive, with 875 advances to 677 declines. The range for series stays at 7500-8000.
  • Call option 8000 added 2.04 lacs OI whereas short covering was seen at 7900 and below strike prices.
  • Put option 7900-7800 added 23.50 lacs OI whereas profit booking was seen at 7700 and below strike prices.
  • Nifty Open Interest is at 1,50,98,100 down by 13,02,750, whereas Jan series added 29.73 lacs with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 17,24,190 down by 84,510, whereas Jan series added 1.15 lacs with increase in price, 100% roll-over with long build-up.
  • FII’s sold 0.28 lacs Futures, which includes net 3027 contracts long build-up and 4136 contracts short build-up, with increase in net OI by 7163 contracts, includes 66382 longs to 67491 shorts for the day.
  • FII’s Index future open contract as on date is 113217 Longs to 147115 Shorts, Net (-)33898 down by 1109 contracts.
  • Initial and best support at 7800, with OI of 57.66 lacs and below that at 7700 with OI of 43.00 lacs.
  • Initial and best resistance at 8000, with highest OI of 77.11 lacs and above that at 8100 with OI of 31.96 lacs.
  • Day Range as per Option Table is 7850 - 7974 and as per VIX is 7865 - 7985 with 7908 as the Pivot.
India VIX : 14.40 up by 0.65 points
Call OI : 48358000
Put OI : 49081000
PCR OI : 1.015
SMR : 14.19 (Bullish : The CE writers felt the heat for the second day in a row with huge short covering below 7900 level, best support has moved up to 7800 now, 7800-8000 range...)