Tuesday, January 12, 2016

Option Open Interest for 12-01-2016

Inference
The index opened positive around 7587 but saw huge sell-off from the morning itself to move below 7500 but closed just above at 7510.30, loss of 53.55 points. The broader market was weak with 436 advances to 1135 declines. The range for the series stays at 7300-8000.
  • Call option 7200-8000 added huge 25.48 lacs OI with profit booking seen at 8100 and above strike prices.
  • Put option 7500-7200, 7000 added 8.78 lacs OI with short covering seen at 7600 and above strike prices.
  • Nifty Open Interest is at 2,17,93,425 down by 1,70,850, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 28,93,620 up by 3,91,920, with decrease in price, probably huge-huge short build-up.
  • FII’s sold 1.05 lacs Futures, which includes net 1485 contracts long build-up and 5693 contracts short build-up, with increase in net OI by 7178 contracts, includes 27037 longs to 31245 shorts for the day.
  • FII’s Index future open contract as on date is 117646 Longs to 167758 Shorts, Net (-)50112 down by 4208 contracts.
  • Initial and best support still at 7500, with OI of 60.27 lacs and below that at 7400 with OI of 46.43 lacs.
  • Initial resistance at 7600, with OI of 35.20 lacs and above that at 7700 with OI of 58.44 lacs.
  • Day Range as per Option Table is 7455 - 7596 and as per VIX is 7437 - 7584 with 7529 as the Pivot.
India VIX : 18.71 up by 0.02 points
Call OI : 51593775
Put OI : 43086150
PCR OI : 0.835
SMR : 22.40 (Bearish : The CE writers are in no mood to give any leeway to the Bulls with 7700 now turning out to be a huge resistance; break of 7500 can bring 7300 with ease...)