Monday, January 11, 2016

Option Open Interest for 11-01-2016

Inference
The index opened weak around 7527 and went below 7500 within the first few minutes but saw some value buying to move back above 7600 but closed just lower at 7563.85, loss of 37.50 points. The broader market was negative with 578 advances to 994 declines. The range for the series now comes to 7300-8000.
  • Call option 7400-8000 added huge 37.88 lacs OI with profit booking seen at 8100 and above strike prices.
  • Put option 7500-7100 added huge 31.04 lacs OI with short covering seen at 7600 and above strike prices.
  • Nifty Open Interest is at 2,19,64,275 up by 3,50,175, with decrease in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 25,01,700 up by 93,750, with decrease in price, probably huge short build-up.
  • FII’s sold 1.41 lacs Futures, which includes net 814 contracts long liquidation and 4825 contracts short build-up, with increase in net OI by 4011 contracts, includes 35212 longs to 40851 shorts for the day.
  • FII’s Index future open contract as on date is 116161 Longs to 162065 Shorts, Net (-)45904 down by 5639 contracts.
  • Initial and best support at 7500, with OI of 59.99 lacs and below that at 7400 with OI of 46.93 lacs.
  • Initial resistance at 7700, with OI of 50.18 lacs and above that at 7800 with OI of 53.40 lacs.
  • Day Range as per Option Table is 7488 - 7629 and as per VIX is 7490 - 7638 with 7554 as the Pivot.
India VIX : 18.69 up by 0.89 points
Call OI : 49020300
Put OI : 42652875
PCR OI : 0.870
SMR : 21.48 (Bearish : The bounces from the lows are getting sold off as OI table is not in sync and stays very weak with 7700 now a very strong resistance...)