Sunday, January 3, 2016

Option Open Interest for 01-01-2016

Inference
The index opened flat to negative and after an initial dip, saw huge buying interest to move towards 8000 but closed just below at 7963.20, gain of 16.85 points. The broader market was strong, with 1113 advances to 452 declines. The range at the start of series comes to 7500-8200.
  • Call option 7900-8600 added huge 45.43 lacs OI with small short covering at 7400 and below strike prices.
  • Put option 8000-7400 added huge 28.76 lacs OI with small short covering at 8400 strike price.
  • Nifty Open Interest is at 1,94,37,675 up by 4,60,275, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 17,53,500 up by 58,500, with increase in price, probably long build-up.
  • FII’s sold 0.33 lacs Futures, which includes net 2172 contracts long build-up and 3492 contracts short build-up, with increase in net OI by 5664 contracts, includes 8197 longs to 9517 shorts for the day.
  • FII’s Index future open contract as on date is 126362 Longs to 123505 Shorts, Net 2857 down by 1320 contracts.
  • Initial support at 7900, with OI of 29.13 lacs and below that at 7800 with OI of 31.30 lacs.
  • Initial resistance at 8000, with OI of 33.71 lacs and above that at 8100 with OI of 37.51 lacs.
  • Day Range as per Option Table is 7900 - 8004 and as per VIX is 7904 - 8023 with 7949 as the Pivot.
India VIX : 14.26 up by 0.39 points
Call OI : 26067750
Put OI : 25069275
PCR OI : 0.962
SMR : 14.83 (Bullish : The Index remains positive though the OI table stays neutral with huge resistance starting from 8000 onwards, best support at 7800...)