Thursday, February 25, 2016

Option Open Interest for 25-02-2016

Inference
The index opened flat to positive and stayed in a narrow range but saw huge sell-off after the first few hours of trade to see expiry below 7000 at 6970.60, loss of 48.10 points. The broader market was weak with 523 advances to 994 declines. The range at the start of the series comes to 6800-7500.
  • Call option 6500-7700 added huge 44.17 lacs OI.
  • Put option 7500-6400 added huge 41.96 lacs OI.
  • Nifty Open Interest is at 1,86,63,000 up by 44,91,150, with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 23,41,920 up by 5,11,080, with decrease in price, mostly roll-over with huge long liquidation.
  • FII’s sold huge 12.61 lacs Futures, which includes net 104776 contracts long liquidation and 37750 contracts short covering, with decrease in net OI by 142526 contracts, includes 86487 longs to 136946 shorts for the day.
  • FII’s Index future open contract as on date is 84349 Longs to 151336 Shorts, Net -66987 down by 67026 contracts.
  • Initial and best support at 7000, with highest OI of 43.66 lacs and below that at 6800 with OI of 28.64 lacs.
  • Initial resistance at 7100, with huge OI addition of 4.55 lacs and above that at 7200 with OI of 25.74 lacs.
  • Day Range as per Option Table is 6900 - 7074 and as per VIX is 6888 - 7054 with 6989 as the Pivot.
India VIX : 22.75 down by 0.21 points
Call OI : 33571475
Put OI : 31142950
PCR OI : 0.928
SMR : 24.52 (Bearish : The new series starts with PCR below 1, but around the best support range of 7000-6800, resistance coming up at 7500, Remains a Sell on rise...)