Wednesday, December 30, 2015

Option Open Interest for 30-12-2015

Inference
The index though opened flat to positive but saw profit booking with each passing hour to close near the lows of the day at 7896.25, loss of 32.70 points. The broader market though was negative, with 732 advances to 810 declines. The range for Expiry is at 7800-8000.
  • Call option 7900-8000 added huge 22.62 lacs OI whereas profit booking was seen at 8100 and above strike prices.
  • Put option 7850 added huge 10.90 lacs OI whereas short covering was seen at 7900 and above strike prices.
  • Nifty Open Interest is at 1,01,55,600 down by 25,34,850, whereas Jan series added 28.14 lacs with decrease in price, 100% roll-over with small short build-up.
  • Bank Nifty Open Interest is at 11,99,550 down by 2,41,980, whereas Jan series added 2.60 lacs with decrease in price, 100% roll-over with short build-up.
  • FII’s bought 1.39 lacs Futures, which includes net 17541 contracts long build-up and 11986 contracts short build-up, with increase in net OI by 29527 contracts, includes 58443 longs to 52888 shorts for the day.
  • FII’s Index future open contract as on date is 163866 Longs to 179364 Shorts, Net (-)15498 up by 5555 contracts.
  • Initial support at 7850, with OI of 33.79 lacs and below that at 7800 with OI of 44.97 lacs.
  • Initial resistance at 7950, with OI of 35.56 lacs and above that at 8000 with OI of 86.49 lacs.
  • Day Range as per Option Table is 7851 - 7962 and as per VIX is 7837 - 7956 with 7910 as the Pivot.
India VIX : 14.35 up by 0.11 points
Call OI : 44859850
Put OI : 44956700
PCR OI : 1.002
SMR : 14.32 (Neutral : The CE came back on Expiry eve and pegged the index below 8000 with ease; Expiry in all probability may happen around 7850-7950 range...)