Tuesday, December 29, 2015

Option Open Interest for 29-12-2015

Inference
The index opened flat and stayed in a narrow range for the first few hours only to dip towards 7900 which was bought with ease and Nifty closed at 7928.95, small gain of 3.80 points. The broader market though was negative, with 650 advances to 916 declines. The range for series stays at 7500-8000.
  • Call option 8000 added 4.12 lacs OI whereas short covering was seen at 7900 and below strike prices.
  • Put option 7950-7850 added 14.95 lacs OI whereas profit booking was seen at 7800 and below strike prices.
  • Nifty Open Interest is at 1,26,90,450 down by 24,07,650, whereas Jan series added 44.32 lacs with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 14,41,530 down by 2,82,660, whereas Jan series added 5.75 lacs with increase in price, 100% roll-over with long build-up.
  • FII’s bought 3.21 lacs Futures, which includes net 33108 contracts long build-up and 20263 contracts short build-up, with increase in net OI by 53371 contracts, includes 152468 longs to 139623 shorts for the day.
  • FII’s Index future open contract as on date is 146325 Longs to 167378 Shorts, Net (-)21053 up by 12845 contracts.
  • Initial support at 7900, with OI of 43.43 lacs and below that at 7800 with OI of 49.88 lacs.
  • Initial and best resistance at 8000, with highest OI of 81.23 lacs and above that at 8100 with OI of 30.96 lacs.
  • Day Range as per Option Table is 7868 - 7984 and as per VIX is 7869 - 7989 with 7925 as the Pivot.
India VIX : 14.24 down by 0.16 points
Call OI : 45369200
Put OI : 47397625
PCR OI : 1.045
SMR : 13.63 (Bullish : Though the PE writers are in control for the last 3-4 days, but the best resistance still stay firmly at 8000, upside for the series maybe capped...)