Wednesday, January 27, 2016

Option Open Interest for 27-01-2016

Inference
The index opened strong but went down within minutes to touch the lows of the day at 7420. Intermittent buying and selling saw the index in a narrow range and closed flat at 7437.75, gain of 1.60 points. The broader market was positive with 842 advances to 697 declines. The range for the week till expiry comes to 7300-7500.
  • Call option 7450-7500 added 11.52 lacs OI with profit booking seen at 7600 and above strike prices.
  • Put option 7450-7400 added 17.11 lacs OI with profit booking seen at 7300 and below strike prices.
  • Nifty Open Interest is at 1,22,15,6625 down by 29,89,275, whereas Feb series added 69.00 lacs with no change in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 14,60,070 down by 7,18,320, whereas Feb series added 6.63 lacs with no much change in price, mostly roll-over with small long liquidation.
  • FII’s sold 2.93 lacs Futures, which includes net 17414 contracts long build-up and 29135 contracts short build-up, with increase in net OI by 46549 contracts, includes 141062 longs to 152783 shorts for the day.
  • FII’s Index future open contract as on date is 164046 Longs to 193279 Shorts, Net (-)29233 down by 11721 contracts.
  • Initial super support at 7400, with OI of 57.48 lacs and below that at 7300 with OI of 51.34 lacs.
  • Initial resistance at 7450, with huge OI addition of 7.38 lacs and above that at 7500 with highest OI of 60.10 lacs.
  • Day Range as per Option Table is 7358 - 7529 and as per VIX is 7364 - 7512 with 7445 as the Pivot.
India VIX : 19.06 up by 0.79 points
Call OI : 48378525
Put OI : 40637400
PCR OI : 0.840
SMR : 22.69 (Neutral : The range for expiry has boiled down to 7400-7500 range with a small edge to the CE writers; an Expiry around 7450 would be writers delight...)