Friday, January 1, 2016

Option Open Interest for 31-12-2015

Inference
The index opened flat but stayed positive for the better part of trade and closed strong near the highs of the day at 7946.35, gain of 50.10 points. The broader market was positive, with 880 advances to 660 declines. The range at the start of series comes to 7500-8200.
  • Call option 7700-8500 added huge 29.03 lacs OI.
  • Put option 8500-7200 added huge 35.77 lacs OI.
  • Nifty Open Interest is at 1,89,77,400 up by 46,49,850, with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 16,95,000 up by 4,25,820, with increase in price, mostly roll-over with small short covering.
  • FII’s sold 2.80 lacs Futures, which includes net 39676 contracts long liquidation and 59351 contracts short covering, with decrease in net OI by 99027 contracts, includes 52212 longs to 63424 shorts for the day.
  • FII’s Index future open contract as on date is 124190 Longs to 120013 Shorts, Net 4177 up by 19675 contracts.
  • Initial support at 7900, with OI of 20.05 lacs and below that at 7800 with OI of 28.17 lacs.
  • Initial resistance at 8000, with OI of 29.02 lacs and above that at 8100 with OI of 31.21 lacs.
  • Day Range as per Option Table is 7881 - 7988 and as per VIX is 7889 - 8004 with 7931 as the Pivot.
India VIX : 13.87 down by 0.48 points
Call OI : 21454350
Put OI : 21785400
PCR OI : 1.015
SMR : 13.66 (Bullish : The New series starts with a wide range of 7500-8200, with slight edge with the CE writers, upside if any will be laboured from hereon...)