Tuesday, January 5, 2016

Option Open Interest for 05-01-2016

Inference
The index opened strong but saw huge short build-up from the morning itself to close near the lows of the day at 7784.65, loss of 6.65 points. The broader market was though was strong, with 1099 advances to 478 declines. The range for the series stays at 7500-8200.
  • Call option 7700-8400 added huge 43.97 lacs OI with small profit booking at 8500 and above strike prices.
  • Put option 7700-7300 added huge 21.28 lacs OI with short covering at 7800 and above strike prices.
  • Nifty Open Interest is at 2,07,17,700 up by 4,75,500, with decrease in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 22,57,410 up by 1,72,200, with decrease in price, probably huge short build-up.
  • FII’s bought 0.13 lacs Futures, which includes net 6411 contracts long build-up and 5891 contracts short build-up, with increase in net OI by 12302 contracts, includes 30221 longs to 29701 shorts for the day.
  • FII’s Index future open contract as on date is 139960 Longs to 137237 Shorts, Net 2723 up by 520 contracts.
  • Initial super support at 7700, with OI of 44.84 lacs and below that at 7500 with OI of 53.88 lacs.
  • Initial resistance at 7900, with OI of 32.14 lacs and above that at 8000 with OI of 56.03 lacs.
  • Day Range as per Option Table is 7729 - 7856 and as per VIX is 7717 - 7853 with 7793 as the Pivot.
India VIX : 16.70 down by 0.14 points
Call OI : 36108525
Put OI : 34928625
PCR OI : 0.967
SMR : 17.26 (Bearish : Huge build-up at 8000CE has made the level a strong resistance, the best support comes at 7500, range could be 7500-8000 for the next 2 weeks...)