Monday, January 4, 2016

Option Open Interest for 04-01-2016

Inference
The index opened weak around 7924 and stayed weak making newer lows with each passing to close very weak at 7791.30, huge loss of 171.90 points. The broader market was weak, with 533 advances to 1063 declines. The range for the series stays at 7500-8200.
  • Call option 7700-8200 added huge 46.03 lacs OI with small profit booking at 8300 strike price.
  • Put option 7800-7300 added huge 67.59 lacs OI with short covering at 7900 and above strike prices.
  • Nifty Open Interest is at 2,02,42,200 up by 8,04,525, with decrease in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 20,85,210 up by 3,31,710, with decrease in price, probably huge short build-up.
  • FII’s sold 0.16 lacs Futures, which includes net 7187 contracts long build-up and 7841 contracts short build-up, with increase in net OI by 15028 contracts, includes 41349 longs to 42003 shorts for the day.
  • FII’s Index future open contract as on date is 133549 Longs to 131346 Shorts, Net 2203 down by 654 contracts.
  • Initial support at 7800, with OI of 39.53 lacs and below that at 7700 with OI of 36.91 lacs.
  • Initial resistance at 7900, with OI of 24.60 lacs and above that at 8000 with OI of 42.47 lacs.
  • Day Range as per Option Table is 7762 - 7890 and as per VIX is 7723 - 7860 with 7837 as the Pivot.
India VIX : 16.84 up by 2.58 points
Call OI : 31309950
Put OI : 32470575
PCR OI : 1.037
SMR : 16.24 (Bearish : The Option has seen some strong resistance build-up around 8000-8200 level whereas the best support has been pushed down to 7500, Sell on rise...)

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