Thursday, January 28, 2016

Option Open Interest for 28-01-2016

Inference
The index opened flat to negative and stayed in a narrow range for the better part of day, with strong selling in the later half to close near the lows at 7424.65, loss of 13.10 points. The broader market was negative with 730 advances to 805 declines. The range at the start of series comes to 7200-7600.
  • Call option 7000-8100 added huge 47.89 lacs OI.
  • Put option 8000-6800 added huge 52.29 lacs OI.
  • Nifty Open Interest is at 1,88,27,850 up by 39,29,775, with small decrease in price, mostly roll-over with small long liquidation.
  • Bank Nifty Open Interest is at 21,05,700 up by 7,90,350, with decrease in price, 100% roll-over with huge short build-up.
  • FII’s sold 7.41 lacs Futures, which includes net 103352 contracts long liquidation and 57774 contracts short covering, with decrease in net OI by 161126 contracts, includes 63330 longs to 92963 shorts for the day.
  • FII’s Index future open contract as on date is 60694 Longs to 103352 Shorts, Net (-)74811 down by 45578 contracts.
  • Initial support at 7400, with OI of 32.41 lacs and below that at 7200 with OI of 32.78 lacs.
  • Initial resistance at 7500, with OI of 32.18 lacs and above that at 7600 with OI of 30.97 lacs.
  • Day Range as per Option Table is 7352 - 7512 and as per VIX is 7355 - 7494 with 7434 as the Pivot.
India VIX : 17.90 down by 1.16 points
Call OI : 26388825
Put OI : 29267125
PCR OI : 1.109
SMR : 16.14 (Neutral : New series starts within a narrow range of 7200-7600, with initial edge to the CE writers, remains a Sell on Rise...)