Monday, February 8, 2016

Option Open Interest for 08-02-2016

Inference
The index opened flat and stayed in a narrow range for the better part of the day, only to see huge sell-off in the last hour of trade to close below the psychological level of 7400 at 7387.25, huge loss of 101.85 points. The broader market was weak with 727 advances to 824 declines. The range stays at 7200-7600.
  • Call option 7300-7800 added huge 30.71 lacs OI with profit booking seen at 7900 strike price.
  • Put option 7600, 7100, 6900-6800 added 7.89 lacs OI with short covering seen at 7400 and above strike prices.
  • Nifty Open Interest is at 1,93,00,125 up by 8,10,975, with decrease in price, most probably huge short build-up.
  • Bank Nifty Open Interest is at 25,88,970 down by 6,100, with decrease in price, most probably small long liquidation.
  • FII’s sold 0.77 lacs Futures, which includes net 1556 contracts long liquidation and 1506 contracts short build-up, with decrease in net OI by 50 contracts, includes 32093 longs to 35155 shorts for the day.
  • FII’s Index future open contract as on date is 90325 Longs to 127505 Shorts, Net (-)37180 down by 3062 contracts.
  • Initial and best support at 7300, with OI of 37.15 lacs and below that at 7200 with OI of 43.53 lacs.
  • Initial resistance at 7500, with OI of 51.36 lacs and above that at 7600 with highest OI of 66.20 lacs.
  • Day Range as per Option Table is 7329 - 7496 and as per VIX is 7309 - 7466 with 7421 as the Pivot.
India VIX : 20.26 up by 2.14 points
Call OI : 41835900
Put OI : 37656825
PCR OI : 0.900
SMR : 22.51 (Bearish : Weakness is back with OI Table in control of the Bears, ceiling for the series around 7600, still in search for a base, stays a Sell on Rise...)