Tuesday, January 26, 2016

Option Open Interest for 25-01-2016

Inference
The index opened strong and went on to make a high of 7487 but saw selling pressure near the highs to close nearly flat at 7436.15, gain of 13.70 points. The broader market was also strong with 1059 advances to 517 declines. The range for the week till expiry comes to 7300-7600.
  • Call option 7450-7600 added huge 21.05 lacs OI with short covering seen at 7400 and below strike prices.
  • Put option 7500-7450 added 3.97 lacs OI with profit booking seen at 7300 and below strike prices.
  • Nifty Open Interest is at 1,52,04,900 down by 32,82,600, whereas Feb series added 31.77 lacs with increase in price, mostly rollover with small short covering.
  • Bank Nifty Open Interest is at 21,78,390 down by 3,24,870, whereas Feb series added 3.06 lacs with increase in price, mostly roll-over with small short covering.
  • FII’s sold 4.54 lacs Futures, which includes net 5702 contracts long liquidation and 12461 contracts short build-up, with increase in net OI by 6759 contracts, includes 86182 longs to 104345 shorts for the day.
  • FII’s Index future open contract as on date is 146632 Longs to 164144 Shorts, Net (-)17512 down by 18163 contracts.
  • Initial support at 7400, with OI of 46.66 lacs and below that at 7300 with OI of 58.25 lacs.
  • Initial resistance at 7450, with huge OI addition of 2.75 lacs and above that at 7500 with OI of 55.96 lacs.
  • Day Range as per Option Table is 7352 - 7538 and as per VIX is 7365 - 7507 with 7448 as the Pivot.
India VIX : 18.27 down by 0.55 points
Call OI : 49845000
Put OI : 42751725
PCR OI : 0.858
SMR : 21.30 (Neutral : The range has been narrowed down to 7300-7500 for the series, may see some range bound moves for the next 2 days till Expiry...)