Thursday, January 14, 2016

Option Open Interest for 14-01-2016

Inference
The index opened down by 100 points on bad global cues but saw value buying to move into positive territory but saw the sellers back to close at 7536.80, loss of 25.60 points. The broader market was weak with 382 advances to 1190 declines. The range for the series stays at 7300-8000.
  • Call option 7500-7700, 7900 added 12.72 lacs OI with profit booking seen at 8000 and above strike prices.
  • Put option 7500-7000 added huge 21.43 lacs OI with short covering seen at 7800 and above strike prices.
  • Nifty Open Interest is at 2,23,65,600 up by 1,58,625, with decrease in price, probably huge short build-up.
  • Bank Nifty Open Interest is at 28,08,690 up by 74,610, with decrease in price, probably huge short build-up.
  • FII’s sold 0.37 lacs Futures, which includes net 1836 contracts long build-up and 3316 contracts short covering, with increase in net OI by 5152 contracts, includes 35798 longs to 37278 shorts for the day.
  • FII’s Index future open contract as on date is 122507 Longs to 167819 Shorts, Net (-)45312 down by 1480 contracts.
  • Initial support stays at 7500, with OI of 59.48 lacs and below that at 7400 with OI of 52.87 lacs.
  • Initial resistance at 7600, with OI of 37.64 lacs and above that at 7700 with OI of 57.83 lacs.
  • Day Range as per Option Table is 7449 - 7614 and as per VIX is 7463 - 7610 with 7528 as the Pivot.
India VIX : 18.61 up by 0.26 points
Call OI : 50317950
Put OI : 45597225
PCR OI : 0.906
SMR : 20.54 (Bearish : Not much status change in OI table though support got better at 7500 and below strike prices, stay cautious at lower levels and sell only on rise...)