Thursday, February 18, 2016

Option Open Interest for 18-02-2016

Inference
The index opened strong and stayed positive for the entire period of trade with the only dip around 7127 bought with ease and closed strong at 7191.75, huge gain of 83.30 points. The broader market was positive with 929 advances to 603 declines. The range till expiry is now at 6900-7400.
  • Call option 7300-7500 added huge 10.75 lacs OI with short covering seen at 7200 and below strike prices.
  • Put option 7200-7100 added huge 14.07 lacs OI with profit booking seen at 7000 and below strike prices.
  • Nifty Open Interest is at 2,16,26,925 up by 5,24,325, whereas Mar series also added 7.41 lacs with increase in price, most probably long build-up in both series.
  • Bank Nifty Open Interest is at 24,39,600 up by 1,51,920, whereas Mar series also added 0.16 lacs with increase in price, most probably long build-up in both series.
  • FII’s bought 2.12 lacs Futures, which includes net 26788 contracts long build-up and 18301 contracts short build-up, with increase in net OI by 45089 contracts, includes 69119 longs to 60632 shorts for the day.
  • FII’s Index future open contract as on date is 182670 Longs to 153529 Shorts, Net 29141 up by 8487 contracts.
  • Initial support at 7100, with OI of 50.07 lacs and below that at 7000 with OI of 57.21 lacs.
  • Initial resistance at 7200, with OI of 41.03 lacs and above that at 7300 with OI of 58.55 lacs.
  • Day Range as per Option Table is 7076 - 7289 and as per VIX is 7111 - 7273 with 7178 as the Pivot.
India VIX : 21.49 down by 0.34 points
Call OI : 51718050
Put OI : 43826550
PCR OI : 0.847
SMR : 25.36 (Neutral : The index is perfectly poised around the middle of the Option Table range, with strong resistance at 7300 and initial support at 7100, Range bound...)