Sunday, February 7, 2016

Option Open Interest for 05-02-2016

Inference
The index opened strong above 7418 and stayed strong throughout the entire session of trade to close around the highs at 7489.10, huge gain of 85.10 points. The broader market was strong with 1060 advances to 492 declines. The range stays at 7200-7600.
  • Call option 7600-7900 added 6.97 lacs OI with short covering seen at 7500 and below strike prices.
  • Put option 7500-7200 added huge 23.88 lacs OI with profit booking seen at 7100 and below strike prices.
  • Nifty Open Interest is at 1,84,89,150 down by 4,20,450, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 25,95,120 up by 20,130, with increase in price, most probably small long build-up.
  • FII’s bought 0.15 lacs Futures, which includes net 4033 contracts long build-up and 3433 contracts short build-up, with increase in net OI by 7466 contracts, includes 27836 longs to 27236 shorts for the day.
  • FII’s Index future open contract as on date is 91881 Longs to 125999 Shorts, Net (-)34118 up by 600 contracts.
  • Initial and best support at 7400, with OI of 52.26 lacs and below that at 7300 with OI of 38.82 lacs.
  • Initial resistance at 7500, with OI of 43.05 lacs and above that at 7500 with highest OI of 56.09 lacs.
  • Day Range as per Option Table is 7393 - 7553 and as per VIX is 7418 - 7560 with 7466 as the Pivot.
India VIX : 18.12 down by 0.09 points
Call OI : 38485275
Put OI : 38109900
PCR OI : 0.990
SMR : 18.30 (Neutral : The OI Table has turned neutral, though still long way to go for the Bulls to make it their own, initial range for the time being stays at 7400-7600...)