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...)