Thursday, March 31, 2016

Option Open Interest for 31-03-2016

Inference
The index opened flat and went up to touch the highs of the day within the first hour itself and stayed in a narrow only to dip to the lows around 7700 but closed flat at 7738.40, gain of 3.20 points. The broader market was positive with 784 advances to 769 declines. The range at the start of series comes to 7400-8000.
  • Call option 7000-8300 added 65.67 lacs OI.
  • Put option 8300-7000 added 51.84 lacs OI with profit booking seen at 7100 strike price.
  • Nifty Open Interest is at 1,88,68,800 up by 46,78,125, with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 16,48,110 up by 3,56,910, with increase in price, 100% roll-over with small long build-up.
  • FII’s bought 55941 contracts of Index Futures, which includes net 96897 contracts long liquidation and 96897 contracts short covering, with decrease in net OI by 192648 contracts, includes 147379 longs to 91438 shorts for the day.
  • FII’s Index future open contract as on date is 173931 Longs to 64800 Shorts, Net 109131 down by 1146 contracts.
  • Initial support at 7700, with huge OI addition of 7.08 lacs and below that at 7600 with OI of 21.89 lacs.
  • Initial resistance at 7800, with OI of 31.28 lacs and above that at 7900 with OI of 33.50 lacs.
  • Day Range as per Option Table is 7663 - 7814 and as per VIX is 7671 - 7806 with 7739 as the Pivot.
India VIX : 16.58 down by 0.23 points
Call OI : 30292350
Put OI : 25968675
PCR OI : 0.857
SMR : 19.34 (Bullish : New series starts with not so Bullish OI table amid PCR below 1 and strong resistance in the 7800-8000 range, though early days but could see a range bound month...)

Wednesday, March 30, 2016

Option Open Interest for 30-03-2016

Inference
The index opened strong and stayed strong for the entire session of trade closing at the highest point of the month at 7735.20, huge gain of 138.20 points. The broader market was strong with 1235 advances to 337 declines. The range for expiry is 7700-7800.
  • Call option 7750 added 4.66 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 7800-7600 added huge 45.24 lacs OI with profit booking seen at 7500 and below strike prices.
  • Nifty Open Interest is at 1,44,63,975 down by 15,88,725, whereas Apr series added 28.62 lacs with increase in price, 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 12,00,420 down by 3,39,630, whereas Apr series added 3.56 lacs with increase in price, 100% roll-over with small long build-up.
  • FII’s bought 1.97 lacs Futures, which includes net 27648 contracts long build-up and 19774 contracts short build-up, with increase in net OI by 47422 contracts, includes 89577 longs to 81703 shorts for the day.
  • FII’s Index future open contract as on date is 270828 Longs to 160551 Shorts, Net 110277 up by 7874 contracts.
  • Initial support at 7700, with OI of 54.68 lacs and below that at 7600 with OI of 56.04 lacs.
  • Initial resistance at 7750, with OI addition of 4.66 lacs and above that at 7800 with highest OI of 60.28 lacs.
  • Day Range as per Option Table is 7637 - 7794 and as per VIX is 7667 - 7803 with 7707 as the Pivot.
India VIX : 16.81 down by 0.83 points
Call OI : 39116425
Put OI : 57593525
PCR OI : 1.472
SMR : 11.42 (Bullish : The bulls on the back of solid global cues and huge short covering by the sellers saw the index close at the highest point of the month just a day before expiry, a dash towards 7800 possible tomorrow...)


Tuesday, March 29, 2016

Option Open Interest for 29-03-2016

Inference
The index opened flat and oscillated within a narrow range to close weak below the psychological level 7600 at 7597.00, loss of 18.10 points. The broader market was weak with 623 advances to 942 declines. The range till expiry is 7400-7700.
  • Call option 7600-7700 added huge 12.89 lacs OI with profit booking seen at 7800 and above strike prices.
  • Put option 7650-7400 added 10.77 lacs OI with short covering seen at 7700 and above strike prices.
  • Nifty Open Interest is at 1,60,52,700 down by 26,94,750, whereas Apr series added 47.54 lacs with decrease in price, 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 15,40,050 down by 4,70,940, whereas Apr series added 4.54 lacs with increase in price, mostly roll-over with small short covering.
  • FII’s bought 0.99 lacs Futures, which includes net 30324 contracts long build-up and 26356 contracts short build-up, with increase in net OI by 56680 contracts, includes 154024 longs to 150056 shorts for the day.
  • FII’s Index future open contract as on date is 243180 Longs to 140777 Shorts, Net 102403 up by 3968 contracts.
  • Initial and best support stays at 7600, with OI of 51.58 lacs and below that at 7500 with OI of 50.97 lacs.
  • Initial resistance at 7650, with huge OI addition of 2.01 lacs and above that at 7700 with highest OI of 69.47 lacs.
  • Day Range as per Option Table is 7533 - 7680 and as per VIX is 7527 - 7667 with 7611 as the Pivot.
India VIX : 17.64 up by 0.15 points
Call OI : 46702250
Put OI : 55826150
PCR OI : 1.195
SMR : 14.76 (Bullish : Though the index closed in red for the 2nd day in a row, not much weakness was seen at 7600-7500PE level, but resistance got better at 7700...)


Monday, March 28, 2016

Option Open Interest for 28-03-2016

Inference
The index positive around 7741 but saw huge selling pressure from the onset to break one psychological support after another and closed just above 7600 at 7615.10, huge loss of 101.40 points. The broader market was weak with 347 advances to 1254 declines. The range till expiry is 7300-7700.
  • Call option 7600-7700 added huge 21.90 lacs OI with profit booking seen at 7800 and above strike prices.
  • Put option 7200 added 1.04 lacs OI with short covering seen at 7600 and above strike prices.
  • Nifty Open Interest is at 1,87,47,450 down by 29,86,875, whereas Apr series added 16.71 lacs with decrease in price, mostly roll-over with huge long liquidation.
  • Bank Nifty Open Interest is at 20,10,990 down by 3,91,470, whereas Apr series added 1.36 lacs with decrease in price, mostly rollover with huge long liquidation.
  • FII’s sold 0.56 lacs Futures, which includes net 17354 contracts long liquidation and 15113 contracts short covering, with decrease in net OI by 32467 contracts, includes 64464 longs to 66705 shorts for the day.
  • FII’s Index future open contract as on date is 212856 Longs to 114421 Shorts, Net 98435 down by 2241 contracts.
  • Initial and best support at 7600, with OI of 49.16 lacs and below that at 7500 with OI of 46.17 lacs.
  • Initial resistance at 7650, with huge OI addition of 9.46 lacs and above that at 7700 with OI of 65.22 lacs.
  • Day Range as per Option Table is 7564 - 7718 and as per VIX is 7545 - 7685 with 7651 as the Pivot.
India VIX : 17.49 up by 1.14 points
Call OI : 48879800
Put OI : 56968050
PCR OI : 1.165
SMR : 15.01 (Bullish : Huge selling for the first time this series saw the PE writers in shock with huge short covering at most of the level, a follow on action can see expiry around 7500...)

Wednesday, March 23, 2016

Option Open Interest for 23-03-2016

Inference
The index opened flat and stayed weak for the major part of the day only to see huge short covering towards the end of the day to close flat to positive at 7716.50, gain of 1.60 points. The broader market was negative with 759 advances to 783 declines. The range till expiry is 7300-7800.
  • Call option 7700-8200 added 8.29 lacs OI with short covering seen at 7600 and below strike prices.
  • Put option 7800-7700 added 10.66 lacs OI with profit booking seen at 7600 and below strike prices.
  • Nifty Open Interest is at 2,17,34,325 up by 6,39,300, whereas Apr series added 3.07 lacs with increase in price, most probably long build-up in both series.
  • Bank Nifty Open Interest is at 24,02,460 down by 55,440, whereas Apr series added 0.31 lacs with decrease in price, most probably some roll-over with small long liquidation.
  • FII’s bought 3.08 lacs Futures, which includes net 7812 contracts long build-up and 4501 contracts short covering, with increase in net OI by 3311 contracts, includes 35441 longs to 23128 shorts for the day.
  • FII’s Index future open contract as on date is 230210 Longs to 129534 Shorts, Net 100676 up by 12313 contracts.
  • Initial support at 7700, with OI of 43.62 lacs and below that at 7600 with OI of 53.72 lacs.
  • Initial resistance at 7750, with OI addition of 3.78 lacs and above that at 7800 with highest OI of 66.57 lacs.
  • Day Range as per Option Table is 7635 - 7778 and as per VIX is 7650 - 7783 with 7705 as the Pivot.
India VIX : 16.35 down by 0.08 points
Call OI : 47726150
Put OI : 61350125
PCR OI : 1.285
SMR : 12.72 (Bullish : The index is consolidating around 7700 for the last 2 days, upside if any seems limited till expiry, but still stays a buy on dips...)


Tuesday, March 22, 2016

Option Open Interest for 22-03-2016

Inference
The index opened flat to negative around 7695 and stayed weak for the major part of the day but saw huge short covering rally in the last hour of trade to close positive at 7714.90, gain of 10.65 points. The broader market was positive with 843 advances to 717 declines. The range till expiry is 7300-7800.
  • Call option 7800-8200 added 18.74 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 7800-7600 added 12.61 lacs OI with profit booking seen at 7500 and below strike prices.
  • Nifty Open Interest is at 2,10,95,025 down by 4,13,400, whereas Apr series added 3.06 lacs with increase in price, mostly roll-over with short covering.
  • Bank Nifty Open Interest is at 24,57,900 up by 1,07,550, whereas Apr series added 0.20 lacs with increase in price, most probably huge long build-up in both series.
  • FII’s bought 0.72 lacs Futures, which includes net 4980 contracts long build-up and 2104 contracts short build-up, with increase in net OI by 7084 contracts, includes 36909 longs to 34033 shorts for the day.
  • FII’s Index future open contract as on date is 222398 Longs to 134035 Shorts, Net 88363 up by 2876 contracts.
  • Initial support at 7700, with huge OI addition of 7.25 lacs and below that at 7600 with OI of 55.11 lacs.
  • Initial and best resistance at 7800, with highest OI of 64.53 lacs.
  • Day Range as per Option Table is 7625 - 7776 and as per VIX is 7649 - 7781 with 7696 as the Pivot.
India VIX : 16.43 up by 0.10 points
Call OI : 49009625
Put OI : 62829275
PCR OI : 1.282
SMR : 12.82 (Bullish : No weakness seen with Option Table strong support now at 7600 with huge OI of 55 lacs, and best resistance at 7800, stays a buy in dips...)


Monday, March 21, 2016

Option Open Interest for 21-03-2016

Inference
The index opened positive around 7619 and stayed strong for the entire session of trade and closed near the highs of the day at 7704.25, huge gain of 99.90 points. The broader market was positive with 989 advances to 595 declines. The range till expiry is 7300-7800.
  • Call option 7800-8000 added 14.07 lacs OI with short covering seen at 7700 and below strike prices.
  • Put option 7800-7600 added huge 49.34 lacs OI with profit booking seen at 7500 and below strike prices.
  • Nifty Open Interest is at 2,15,08,425 down by 7,51,800, whereas Apr series added 3.92 lacs with increase in price, mostly roll-over with huge short covering.
  • Bank Nifty Open Interest is at 23,50,350 up by 1,94,280, whereas Apr series added 0.23 lacs with increase in price, most probably huge long build-up in both series.
  • FII’s bought 0.72 lacs Futures, which includes net 4334 contracts long liquidation and 7195 contracts short covering, with decrease in net OI by 11529 contracts, includes 61152 longs to 58291 shorts for the day.
  • FII’s Index future open contract as on date is 217418 Longs to 131931 Shorts, Net 85487 up by 2861 contracts.
  • Initial support at 7700, with huge OI addition of 19.93 lacs and below that at 7600 with OI of 53.76 lacs.
  • Initial resistance at 7700, with OI of 59.55 lacs and above that at 7800 with OI of 56.69 lacs.
  • Day Range as per Option Table is 7607 - 7762 and as per VIX is 7638 - 7770 with 7679 as the Pivot.
India VIX : 16.33 down by 0.05 points
Call OI : 49057625
Put OI : 64232775
PCR OI : 1.309
SMR : 12.47 (Bullish : OI Table support has shifted to 7600 with huge OI addition of 27 lacs, no resistance looking good for the time being, Buy on dips...)

Sunday, March 20, 2016

Option Open Interest for 18-03-2016

Inference
The index opened strong around 7535 and stayed strong for the entire session of trade and closed near the highs of the day at 7604.35, huge gain of 91.80 points. The broader market was positive with 814 advances to 753 declines. The range has narrowed down to 7300-7700.
  • Call option 7700-7900 added 5.89 lacs OI with short covering seen at 7600 and below strike prices.
  • Put option 7700-7300 added huge 24.94 lacs OI with profit booking seen at 7200 and below strike prices.
  • Nifty Open Interest is at 2,22,60,225 up by 7,71,525, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 21,56,070 up by 2,89,110, with increase in price, most probably huge long build-up.
  • FII’s bought 1.92 lacs Futures, which includes net 16113 contracts long build-up and 8419 contracts short build-up, with increase in net OI by 24532 contracts, includes 41803 longs to 34109 shorts for the day.
  • FII’s Index future open contract as on date is 221752 Longs to 139126 Shorts, Net 82626 up by 7694 contracts.
  • Initial support at 7500, with OI of 59.00 lacs and below that at 7400 with highest OI of 72.72 lacs.
  • Initial and best resistance at 7700, with OI of 68.87 lacs and above that at 7800 with OI of 47.15 lacs.
  • Day Range as per Option Table is 7506 - 7662 and as per VIX is 7539 - 7670 with 7579 as the Pivot.
India VIX : 16.38 down by 0.46 points
Call OI : 51091250
Put OI : 61540050
PCR OI : 1.205
SMR : 13.60 (Bullish : The index closed above 7600 for the first time this month on the back of strong OI table, major support now shifting to 7500, resistance best at 7700...)


Thursday, March 17, 2016

Option Open Interest for 17-03-2016

Inference
The index opened strong just below 7600, but saw profit booking from the onset to close near the lows of the day at 7512.55, still a gain of 13.80 points. The broader market was positive with 823 advances to 714 declines. The range stays at 7000-7700.
  • Call option 7500-7600 added 6.05 lacs OI with short covering seen at 7400 and below strike prices.
  • Put option 7700-7300 added huge 28.36 lacs OI with profit booking seen at 7200 and below strike prices.
  • Nifty Open Interest is at 2,14,88,700 down by 2,28,600, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 18,66,960 down by 16,890, with decrease in price, most probably long liquidation.
  • FII’s bought 2.68 lacs Futures, which includes net 7100 contracts long build-up and 3639 contracts short covering, with increase in net OI by 3461 contracts, includes 42361 longs to 31622 shorts for the day.
  • FII’s Index future open contract as on date is 205639 Longs to 130707 Shorts, Net 74932 up by 10739 contracts.
  • Initial and best support at 7400, with OI of 66.09 lacs and below that at 7300 with OI of 58.15 lacs.
  • Initial and best resistance at 7500, with highest OI of 71.32 lacs and above that at 7600 with OI of 65.21 lacs.
  • Day Range as per Option Table is 7442 - 7599 and as per VIX is 7446 - 7579 with 7526 as the Pivot.
India VIX : 16.84 down by 0.28 points
Call OI : 52267250
Put OI : 60008125
PCR OI : 1.148
SMR : 14.67 (Bullish : OI Table range has narrowed down to 7400-7500, premium eating range bound movement possible for the next few days...)


Wednesday, March 16, 2016

Option Open Interest for 16-03-2016

Inference
The index opened flat and went down to touch the lows of the day around 7405, but saw the responsive buyers back in action to move the index back in green and close strong at 7498.75, gain of 38.15 points. The broader market though was negative with 668 advances to 873 declines. The range stays at 7000-7700.
  • Call option 7400, 7600-7800 added huge 12.14 lacs OI with short covering seen at 7300 and below strike prices.
  • Put option 7500-6700 added huge 24.23 lacs OI with profit booking seen at 7200 strike price.
  • Nifty Open Interest is at 2,17,17,300 up by 1,22,400, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 18,83,850 up by 59,610, with increase in price, most probably long build-up.
  • FII’s sold 0.60 lacs Futures, which includes net 10969 contracts long build-up and 13372 contracts short build-up, with increase in net OI by 24341 contracts, includes 44957 longs to 47360 shorts for the day.
  • FII’s Index future open contract as on date is 198539 Longs to 134346 Shorts, Net 64193 down by 2403 contracts.
  • Initial strong support at 7400, with OI of 59.34 lacs and below that at 7300 with OI of 50.36 lacs.
  • Initial resistance still at 7500, with highest OI of 70.46 lacs and above that at 7600 with OI of 60.02 lacs.
  • Day Range as per Option Table is 7400 - 7555 and as per VIX is 7430 - 7568 with 7471 as the Pivot.
India VIX : 17.12 down by 0.48 points
Call OI : 52122350
Put OI : 59048475
PCR OI : 1.133
SMR : 15.11 (Bullish : OI table saw a topsy-turvy ride with the morning CE writers covering fast in the face of huge bounce from support level of 7400, No weakness at all...)

Tuesday, March 15, 2016

Option Open Interest for 15-03-2016

Inference
The index opened flat and stayed weak throughout the entire session of trade to close near the lows of the day at 7460.60, huge loss of 78.15 points. The broader market was weak with 506 advances to 1037 declines. The range stays at 7000-7700.
  • Call option 7400-7800 added huge 16.28 lacs OI with profit booking seen at 7900 and above strike prices.
  • Put option 7400, 7100-6700 added 5.15 lacs OI with profit booking seen at 7200 strike price.
  • Nifty Open Interest is at 2,15,94,900 down by 1,60,425, with decrease in price, most probably long liquidation.
  • Bank Nifty Open Interest is at 18,24,240 down by 51,540, with increase in price, most probably short covering.
  • FII’s bought 2.53 lacs Futures, which includes net 2748 contracts long build-up and 7389 contracts short covering, with decrease in net OI by 4641 contracts, includes 35287 longs to 25150 shorts for the day.
  • FII’s Index future open contract as on date is 187570 Longs to 120974 Shorts, Net 66596 up by 10137 contracts.
  • Initial support at 7400, with OI of 50.03 lacs and below that at 7300 with OI of 48.61 lacs.
  • Initial and best resistance at 7500, with highest OI of 70.93 lacs and above that at 7600 with OI of 55.73 lacs.
  • Day Range as per Option Table is 7398 - 7558 and as per VIX is 7392 - 7529 with 7486 as the Pivot.
India VIX : 17.60 up by 0.50 points
Call OI : 51530075
Put OI : 56624175
PCR OI : 1.099
SMR : 16.02 (Bullish : The 7500-7600 range resistance played out to move the index back below 7500, though strong support stays at 7400...)


Monday, March 14, 2016

Option Open Interest for 14-03-2016

Inference
The index opened strong around 7543 and went up to the highs of the day around 7584 within the first few minutes of trade. Profit booking at higher level saw the index close a bit lower at 7538.75, gain of 28.55 points. The broader market was positive with 822 advances to 735 declines. The range stays at 7000-7700.
  • Call option 7600-7700, 7900-8000 added huge 15.86 lacs OI with short covering seen at 7400 and below strike prices.
  • Put option 7600-7300 added huge 13.97 lacs OI with profit booking seen at 7200 and below strike prices.
  • Nifty Open Interest is at 2,17,55,325 down by 2,49,600, with increase in price, most probably short covering.
  • Bank Nifty Open Interest is at 18,75,780 up by 23,670, with increase in price, most probably long build-up.
  • FII’s bought 3.71 lacs Futures, which includes net 8012 contracts long build-up and 6841 contracts short covering, with increase in net OI by 1171 contracts, includes 34300 longs to 19447 shorts for the day.
  • FII’s Index future open contract as on date is 184822 Longs to 128363 Shorts, Net 56459 up by 14853 contracts.
  • Initial support at 7500, with huge OI addition of 4.67 lacs and below that at 7400 with OI of 49.52 lacs.
  • Initial and best resistance at 7600, with OI of 54.31 lacs and above that at 7700 with OI of 57.15 lacs.
  • Day Range as per Option Table is 7461 - 7623 and as per VIX is 7471 - 7606 with 7546 as the Pivot.
India VIX : 17.10 no change
Call OI : 50413625
Put OI : 56414175
PCR OI : 1.119
SMR : 15.25 (Bullish : The OI Table stays strong though the index is near the middle of the best resistance range of 7500-7600, risk reward ratio diminishing for Bulls, though still remains buy on dips...)


Friday, March 11, 2016

Option Open Interest for 11-03-2016

Inference
The index opened flat but went up to touch the highs around 7544, but saw some profit booking to the lows of the day at 7460 but close positive at 7510.20, gain of 24.05 points. The broader market was negative with 650 advances to 903 declines. The range stays at 7000-7700.
  • Call option 7500-8000 added 7.04 lacs OI with short covering seen at 7400 and below strike prices.
  • Put option 7600-7200 added 10.21 lacs OI with profit booking seen at 7100 and below strike prices.
  • Nifty Open Interest is at 2,20,04,925 up by 2,21,250, with increase in price, most probably long build-up.
  • Bank Nifty Open Interest is at 18,52,110 down by 37,530, with decrease in price, most probably long liquidation.
  • FII’s bought 4.16 lacs Futures, which includes net 15726 contracts long build-up and 917 contracts short covering, with increase in net OI by 14809 contracts, includes 37585 longs to 20942 shorts for the day.
  • FII’s Index future open contract as on date is 176810 Longs to 135204 Shorts, Net 41606 up by 16643 contracts.
  • Initial support stays at 7400, with OI of 45.22 lacs and below that at 7300 with OI of 46.68 lacs.
  • Initial and best resistance at 7500, with OI of 66.51 lacs and above that at 7600 with OI of 49.11 lacs.
  • Day Range as per Option Table is 7418 - 7590 and as per VIX is 7443 - 7577 with 7505 as the Pivot.
India VIX : 17.10 down by 0.80 points
Call OI : 50003700
Put OI : 55823875
PCR OI : 1.116
SMR : 15.32 (Bullish : Not much change in OI table with the index closing right around the resistance zone, support stays at 7400, could see some more range bound days...)