Sunday, February 21, 2016

Option Open Interest for 19-02-2016

Inference
The index opened weak around 7170 and stayed in a narrow range of 7146-7227 but closed positive and above the psychological level of 7200 at 7210.75, gain of 19.00 points. The broader market was positive with 834 advances to 702 declines. The range till expiry is now at 6800-7300.
  • Call option 7200-7400 added 4.31 lacs OI with short covering seen at 7100 and below strike prices.
  • Put option 7300-7200 added huge 11.40 lacs OI with profit booking seen at 7100 and below strike prices.
  • Nifty Open Interest is at 2,05,50,225 down by 10,76,700, whereas Mar series added 7.00 lacs with increase in price, mostly roll-over with some short covering.
  • Bank Nifty Open Interest is at 24,39,600 down by 2,01,120, whereas Mar series added 0.24 lacs with increase in price, small roll-over with huge short covering.
  • FII’s sold 4.19 lacs Futures, which includes net 11980 contracts long liquidation and 4794 contracts short build-up, with decrease in net OI by 7186 contracts, includes 33082 longs to 49856 shorts for the day.
  • FII’s Index future open contract as on date is 170690 Longs to 158323 Shorts, Net 12367 down by 16774 contracts.
  • Initial support at 7100, with OI of 45.30 lacs and below that at 7000 with OI of 53.63 lacs.
  • Initial strong resistance at 7300, with OI of 58.45 lacs and above that at 7400 with highest OI of 60.52 lacs.
  • Day Range as per Option Table is 7100 - 7299 and as per VIX is 7132 - 7290 with 7195 as the Pivot.
India VIX : 20.92 down by 0.57 points
Call OI : 50729400
Put OI : 42218100
PCR OI : 0.832
SMR : 25.14 (Neutral : No change in the outlook with support staying around 7100 and huge resistance at 7300, Weakness creeps in below 7146NS...)