Wednesday, February 17, 2016

Option Open Interest for 17-02-2016

Inference
The index opened positive but selling pressure saw the index nosedive towards 6960, where value buying saw the index back in green and a strong close above 7100 at 7108.45, gain of 60.20 points. The broader market though was negative with 696 advances to 857 declines. The range till expiry is now at 6800-7400.
  • Call option 6900-7000, 7400 added huge 11.91 lacs OI with short covering seen at 7100 and above strike prices.
  • Put option 7000-6500 added huge 15.71 lacs OI with short covering seen at 7200 and above strike prices.
  • Nifty Open Interest is at 2,11,02,600 down by 84,150, whereas Mar series added 3.34 lacs with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 22,87,680 down by 51,750, whereas Mar series added 0.32 lacs with increase in price, mostly roll-over with small short covering.
  • FII’s sold 0.93 lacs Futures, which includes net 5465 contracts long build-up and 9191 contracts short build-up, with increase in net OI by 14656 contracts, includes 44928 longs to 48654 shorts for the day.
  • FII’s Index future open contract as on date is 155882 Longs to 135228 Shorts, Net 20654 down by 3726 contracts.
  • Initial support at 7100, with OI of 45.26 lacs and below that at 7000 with highest OI of 60.60 lacs.
  • Initial resistance at 7200, with OI of 49.95 lacs and above that at 7300 with OI of 51.43 lacs.
  • Day Range as per Option Table is 6965 - 7188 and as per VIX is 7027 - 7190 with 7064 as the Pivot.
India VIX : 21.83 down by 1.21 points
Call OI : 53295600
Put OI : 43259175
PCR OI : 0.812
SMR : 26.89 (Bearish : The Bulls for a change has made mostly sure of an Expiry above 7000, though huge resistance starts from 7200 onwards, remains a sell on rise...)


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