Tuesday, May 31, 2016

Option Open Interest for 31-05-2016

Inference
The index opened strong above 8200 but profit booking saw it close in the red at 8160.10, loss of 18.40 points. The broader market was negative with 590 advances to 970 declines. Range has narrowed down to 8000-8400.
  • Call option 8200-8700 added 16.25 lacs OI with short covering at 8000 and below strike prices.
  • Put option 8500-8000 added 10.28 lacs OI with profit booking at 7900 and below strike prices.
  • Nifty Open Interest is at 2,16,30,150 down by 65,700, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 17,05,950 up by 1,020 with increase in price, probably long build-up.
  • FII’s bought 9821 contracts of Index Futures, which includes net 1395 contracts long build-up and 8426 contracts short covering, with decrease in net OI by 7031 contracts, includes 48947 longs to 39126 shorts for the day.
  • FII’s Index future open contract as on date is 243654 Longs to 44909 Shorts, Net 198745 up by huge 9821 contracts.
  • Initial support stays at 8100, with OI of 29.81 lacs and below that at 8000 with highest OI of 59.74 lacs.
  • Initial resistance still at 8200, with OI of 33.99 lacs and above that at 8300 with OI of 35.87 lacs.
  • Day Range as per Option Table is 8098 - 8235 and as per VIX is 8092 - 8229 with 8169 as the Pivot.
India VIX : 16.05 up by 0.07 points
Call OI : 35856350
Put OI : 41106525
PCR OI : 1.1464
SMR : 14.00 (Bullish : Bulls are strongly in command of the OI table with 8000 the base for the series, upside resistance around 8300-8400...)


Monday, May 30, 2016

Option Open Interest for 30-05-2016

Inference
The index opened flat to positive and went on to make a high around 8200 but closed midway at 8178.50, gain of 21.85 points. The broader market was negative with 775 advances to 790 declines. Range at the start of the series comes to 7900-8400.
  • Call option 8300-8700 added 12.48 lacs OI with short covering at 8100 and below strike prices.
  • Put option 8500-8000 added 29.67 lacs OI with profit booking at 7900 and below strike prices.
  • Nifty Open Interest is at 2,16,95,850 up by 7,57,950, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 17,04,930 down by 35,640 with no change in price, probably long liquidation.
  • FII’s bought 9170 contracts of Index Futures, which includes net 11457 contracts long build-up and 2287 contracts short build-up, with increase in net OI by 13744 contracts, includes 31189 longs to 22019 shorts for the day.
  • FII’s Index future open contract as on date is 242259 Longs to 53335 Shorts, Net 188924 up by huge 9170 contracts.
  • Initial support at 8100, with huge OI addition of 6.75 lacs and below that at 8000 with highest OI of 53.70 lacs.
  • Initial resistance at 8200, with OI of 33.19 lacs and above that at 8300 with OI of 31.70 lacs.
  • Day Range as per Option Table is 8105 - 8247 and as per VIX is 8110 - 8247 with 8176 as the Pivot.
India VIX : 15.98 up by 0.72 points
Call OI : 34325450
Put OI : 39986500
PCR OI : 1.165
SMR : 13.72 (Bullish : Base for the series done at 8000, though ceiling still not in sight, the PE writers in full command, remains a buy on dips...)

Sunday, May 29, 2016

Option Open Interest for 27-05-2016

Inference
The index opened flat to positive but saw huge buying interest from the morning itself to close near the highs of the day at 8156.65, huge gain of 87.00 points. The broader market was strong with 919 advances to 630 declines. Range at the start of the series comes to 7900-8400.
  • Call option 8200-8700 added 35.15 lacs OI with small short covering at 8100 and below strike prices.
  • Put option 8400-7500 added huge 46.16 lacs OI with profit booking at 7600 strike price.
  • Nifty Open Interest is at 2,09,37,900 up by 14,52,225, with increase in price, probably huge long build-up.
  • Bank Nifty Open Interest is at 17,40,570 up by 98,040 with increase in price, probably long build-up.
  • FII’s bought huge 36207 contracts of Index Futures, which includes net 32374 contracts long build-up and 3833 contracts short covering, with increase in net OI by 28541 contracts, includes 81911 longs to 45704 shorts for the day.
  • FII’s Index future open contract as on date is 230802 Longs to 51048 Shorts, Net 179754 up by huge 36207 contracts.
  • Initial support at 8100, with huge OI addition of 10.94 lacs and below that at 8000 with highest OI of 38.77 lacs.
  • Initial resistance at 8200, with OI of 33.34 lacs and above that at 8300 with OI of 30.89 lacs.
  • Day Range as per Option Table is 8062 - 8215 and as per VIX is 8091 - 8222 with 8133 as the Pivot.
India VIX : 15.33 down by 0.07 points
Call OI : 33181525
Put OI : 36494925
PCR OI : 1.100
SMR : 13.87 (Bullish : The OI table is highly Bullish with strong support at 8000 level, initial resistance around 8200 where some consolidation/correction may happen, buy on dips...)


Thursday, May 26, 2016

Option Open Interest for 26-05-2016

Inference
The index opened above 7974 and stayed in a narrow range, but short covering rally saw the index close strong near the highs of the day at 8069.65, huge gain of 134.75 points. The broader market was strong with 916 advances to 627 declines. Range at the start of the series comes to 7500-8200.
  • Call option 8100-8600 added 40.24 lacs OI with small short covering at 8000 strike price.
  • Put option 8300-7700, 7500 added huge 57.19 lacs OI with profit booking at 7600 strike price.
  • Nifty Open Interest is at 1,94,85,675 up by 46,00,275, with increase in price, probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 16,42,530 up by 6,37,470 with increase in price, probably 100% roll-over with huge long build-up.
  • FII’s bought huge 39244 contracts of Index Futures, which includes net 29269 contracts long liquidation and 102263 contracts short covering, with decrease in net OI by 131532 contracts, includes 123751 longs to 84507 shorts for the day.
  • FII’s Index future open contract as on date is 198428 Longs to 54881 Shorts, Net 143547 up by huge 72994 contracts.
  • Initial support at 8000, with huge OI addition of 10.59 lacs and below that at 7900 with OI of 28.23 lacs.
  • Initial resistance at 8100, with OI of 28.16 lacs and above that at 8200 with highest OI of 30.62 lacs.
  • Day Range as per Option Table is 7963 - 8120 and as per VIX is 8005 - 8134 with 8034 as the Pivot.
India VIX : 15.33 down by 0.19 points
Call OI : 29943200
Put OI : 31478175
PCR OI : 1.051
SMR : 14.58 (Bullish : Bulls in 2 days has changed the scenario of Indian Stock Market, with 7700 now a solid base moving forward, upside resistance of note around 8200...)


Wednesday, May 25, 2016

Option Open Interest for 25-05-2016

Inference
The index opened strong above 7800 and stayed strong, toppling one resistance after another to close near the highs of the day at 7934.90, huge gain of 186.05 points. The broader market was strong with 1073 advances to 471 declines. Range for expiry comes to 7900-8000.
  • Call option 7950, 8100 added 20.52 lacs OI with short covering at 7900 and below strike prices.
  • Put option 8000-7800 added huge 58.22 lacs OI with profit booking at 7700 and below strike prices.
  • Nifty Open Interest is at 1,15,06,050 down by 21,61,125, whereas June series added 62.31 lacs with increase in price, probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 11,19,900 down by 2,84,670, whereas June series added 5.09 lacs with increase in price, probably 100% roll-over with huge long build-up.
  • FII’s bought huge 58209 contracts of Index Futures, which includes net 69968 contracts long build-up and 11759 contracts short build-up, with increase in net OI by 81727 contracts, includes 190077 longs to 131868 shorts for the day.
  • FII’s Index future open contract as on date is 227697 Longs to 157144 Shorts, Net 70553 up by huge 58209 contracts.
  • Initial and best support at 7900, with OI of 58.29 lacs and below that at 7800 with OI of 58.11 lacs.
  • Initial resistance at 7950, with OI of 28.65 lacs and above that at 8000 with highest OI of 78.10 lacs.
  • Day Range as per Option Table is 7833 - 7982 and as per VIX is 7870 - 7999 with 7895 as the Pivot.
India VIX : 15.52 down by 0.70 points
Call OI : 37935375
Put OI : 43304250
PCR OI : 1.145
SMR : 13.60 (Bullish : A great turn-around just a day before expiry, with the OI table turning full green, could see a small range bound day for expiry...)

Tuesday, May 24, 2016

Option Open Interest for 24-05-2016

Inference
The index opened flat to positive and stayed in a narrow range only to strong buying around the dying minutes to close near the highs of the day at 7748.85, gain of 17.80 points. The broader market though was weak with 492 advances to 1075 declines. Range till expiry comes to 7700-7900.
  • Call option did not add any OI with profit booking at 7900 and above strike prices.
  • Put option 7700-7600 added 9.08 lacs OI with short covering at 7800 and above strike prices.
  • Nifty Open Interest is at 1,36,67,175 down by 9,52,800, whereas June series added 21.81 lacs with increase in price, probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 14,04,570 down by 1,66,560, whereas June series added 2.22 lacs with increase in price, probably 100% roll-over with long build-up.
  • FII’s sold 6620 contracts of Index Futures, which includes net 9333 contracts long build-up and 15953 contracts short build-up, with increase in net OI by 25286 contracts, includes 92030 longs to 98650 shorts for the day.
  • FII’s Index future open contract as on date is 157729 Longs to 145385 Shorts, Net 12344 down by 6620 contracts.
  • Initial and best support still at 7700, with OI of 57.92 lacs and below that at 7600 with OI of 42.30 lacs.
  • Initial resistance at 7800, with OI of 58.65 lacs and above that at 7900 with OI of 66.22 lacs.
  • Day Range as per Option Table is 7682 - 7806 and as per VIX is 7683 - 7815 with 7742 as the Pivot.
India VIX : 16.22 up by 0.06 points
Call OI : 49382175
Put OI : 40898100
PCR OI : 0.828
SMR : 19.58 (Bearish : The index moved up from the best support level at 7700 though strong resistance stays at 7800-7900, range till expiry 7700-7900...)


Monday, May 23, 2016

Option Open Interest for 23-05-2016

Inference
The index opened strong above 7800 but saw huge liquidation from the onset to close near the lows of the day at 7731.05, loss of 18.65 points. The broader market was weak with 587 advances to 982 declines. Range till expiry comes to 7600-7900.
  • Call option 7700-7800 added 11.63 lacs OI with profit booking at 7900 and above strike prices.
  • Put option 7700 added 0.06 lacs OI with short covering at 7800 and above strike prices.
  • Nifty Open Interest is at 1,46,19,975 down by 10,05,975, whereas June series added 28.21 lacs with decrease in price, probably 100% roll-over with huge short build-up.
  • Bank Nifty Open Interest is at 15,71,130 down by 83,610, whereas June series added 0.63 lacs with decrease in price, mostly roll-over with small long liquidation.
  • FII’s bought 6015 contracts of Index Futures, which includes net 9689 contracts long build-up and 3674 contracts short build-up, with increase in net OI by 13363 contracts, includes 70830 longs to 64815 shorts for the day.
  • FII’s Index future open contract as on date is 148396 Longs to 129432 Shorts, Net 18964 up by 6015 contracts.
  • Initial and best support still at 7700, with OI of 52.06 lacs and below that at 7600 with OI of 39.08 lacs.
  • Initial resistance at 7800, with OI of 59.32 lacs and above that at 7900 with OI of 70.73 lacs.
  • Day Range as per Option Table is 7685 - 7819 and as per VIX is 7666 - 7796 with 7758 as the Pivot.
India VIX : 16.16 down by 0.26 points
Call OI : 53174625
Put OI : 40542675
PCR OI : 0.762
SMR : 21.19 (Bearish : Option Table stays weak, upside if any till 7846NF may get sold; support still the best around 7700, Sell on rise...)


Sunday, May 22, 2016

Option Open Interest for 20-05-2016

Inference
The index opened flat and stayed in narrow range but saw huge unwinding towards the end of the day to close weak at 7749.70, loss of 33.70 points. The broader market was weak with 455 advances to 1107 declines. Range for the series is at 7500-8000.
  • Call option 7700-7900 added 13.38 lacs OI with profit booking at 8000 and above strike prices.
  • Put option 7600 added 2.46 lacs OI with short covering at 7800 and above strike prices.
  • Nifty Open Interest is at 1,56,25,950 down by 8,73,450, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 16,54,740 down by 75,540, with decrease in price, probably long liquidation.
  • FII’s sold 751 contracts of Index Futures, which includes net 4141 contracts long liquidation and 3390 contracts short covering, with decrease in net OI by 7531 contracts, includes 25706 longs to 26457 shorts for the day.
  • FII’s Index future open contract as on date is 138707 Longs to 125758 Shorts, Net 12949 down by 751 contracts.
  • Initial and best support still at 7700, with OI of 52.00 lacs and below that at 7600 with OI of 39.94 lacs.
  • Initial resistance at 7800, with OI of 50.75 lacs and above that at 7900 with OI of 80.40 lacs.
  • Day Range as per Option Table is 7696 - 7829 and as per VIX is 7683 - 7816 with 7766 as the Pivot.
India VIX : 16.42 down by 0.64 points
Call OI : 55056750
Put OI : 41690025
PCR OI : 0.757
SMR : 21.69 (Bearish : Option Table is in control of the Bears moving in to the expiry week, with support at 7700 and ceiling at 7900, Sell on rise...)

Thursday, May 19, 2016

Option Open Interest for 19-05-2016

Inference
The index opened flat but saw huge unwinding from the morning itself and closed weak below 7800 at 7783.40, huge loss of 86.75 points. The broader market was weak with 436 advances to 1105 declines. Range for the series is at 7700-8000.
  • Call option 7700-8200 added huge 54.16 lacs OI with profit booking at 8300 and above strike prices.
  • Put option 7600-7500 added 1.96 lacs OI with short covering at 7800 and above strike prices.
  • Nifty Open Interest is at 1,64,99,400 up by 4,07,700, with decrease in price, probably short build-up.
  • Bank Nifty Open Interest is at 17,30,280 down by 11,280, with decrease in price, probably long liquidation.
  • FII’s sold 4774 contracts of Index Futures, which includes net 3105 contracts long liquidation and 1669 contracts short build-up, with decrease in net OI by 1436 contracts, includes 35394 longs to 40168 shorts for the day.
  • FII’s Index future open contract as on date is 142848 Longs to 129148 Shorts, Net 13700 down by 4774 contracts.
  • Initial and best support at 7700, with OI of 56.76 lacs and below that at 7600 with OI of 37.47 lacs.
  • Initial resistance at 7800, with OI of 43.02 lacs and above that at 7900 with OI of 77.17 lacs.
  • Day Range as per Option Table is 7733 - 7870 and as per VIX is 7714 - 7853 with 7809 as the Pivot.
India VIX : 17.06 up by 0.60 points
Call OI : 54732900
Put OI : 42685575
PCR OI : 0.780
SMR : 21.87 (Bearish : Option Table gave up, with the Bears taking control with huge addition at 7900-8000 level, best support still around 7700...)


Wednesday, May 18, 2016

Option Open Interest for 18-05-2016

Inference
The index opened weak and went on to make low around 7810 but saw value buying to close higher but still in red at 7870.15, loss of 20.60 points. The broader market was negative with 734 advances to 779 declines. Range for the series is at 7700-8000.
  • Call option 7800 added 7.80 lacs OI with profit booking at 7900 and above strike prices.
  • Put option 7800-7800 added 9.97 lacs OI with profit booking at 7600 and below strike prices.
  • Nifty Open Interest is at 1,60,91,700 down by 5,12,325, with decrease in price, probably long liquidation.
  • Bank Nifty Open Interest is at 17,41,560 up by 28,680, with decrease in price, probably short build-up.
  • FII’s sold huge 22179 contracts of Index Futures, which includes net 980 contracts long build-up and 23159 contracts short build-up, with increase in net OI by 24139 contracts, includes 28591 longs to 50770 shorts for the day.
  • FII’s Index future open contract as on date is 145953 Longs to 127479 Shorts, Net 18474 down by 22179 contracts.
  • Initial and best support at 7800, with OI of 63.16 lacs and below that at 7700 with OI of 59.40 lacs.
  • Initial resistance at 7900, with OI of 54.07 lacs and above that at 8000 with highest OI of 78.81 lacs.
  • Day Range as per Option Table is 7792 - 7925 and as per VIX is 7802 - 7938 with 7854 as the Pivot.
India VIX : 16.46 up by 0.09 points
Call OI : 48778350
Put OI : 45366075
PCR OI : 0.930
SMR : 17.69 (Bullish : Option Table has been cramped down to 7800-8000, a big move is waiting to happen, though option writers would try to keep it within the range till expiry...)


Tuesday, May 17, 2016

Option Open Interest for 17-05-2016

Inference
The index opened positive at 7897 and stayed strong for the entire session of trade but profit booking towards the end saw Nifty close just below 7900 at 7890.75, gain of 30.00 points. The broader market was flat with 774 advances to 773 declines. Range for the series is at 7700-8000.
  • Call option did not add any OI with short covering at 7900 and below strike prices.
  • Put option 8100-7800 added huge 25.59 lacs OI with profit booking at 7700 and below strike prices.
  • Nifty Open Interest is at 1,66,04,025 up by 4,05,150, with increase in price, probably long build-up.
  • Bank Nifty Open Interest is at 17,12,880 up by 44,730, with increase in price, probably long build-up.
  • FII’s bought 5149 contracts of Index Futures, which includes net 12472 contracts long build-up and 7323 contracts short build-up, with increase in net OI by 19795 contracts, includes 35590 longs to 30441 shorts for the day.
  • FII’s Index future open contract as on date is 144973 Longs to 104320 Shorts, Net 40653 up by 5149 contracts.
  • Initial and best support at 7800, with OI of 60.48 lacs and below that at 7700 with OI of 52.12 lacs.
  • Initial resistance at 7900, with OI of 57.52 lacs and above that at 8000 with highest OI of 79.23 lacs.
  • Day Range as per Option Table is 7831 - 7969 and as per VIX is 7823 - 7958 with 7904 as the Pivot.
India VIX : 16.37 down by 0.66 points
Call OI : 48904875
Put OI : 46074450
PCR OI : 0.942
SMR : 17.38 (Bullish : Huge CE liquidation at all levels saw the Bulls take control of the OI table with 7800 now a very good support, upside still capped around 8000...)

Monday, May 16, 2016

Option Open Interest for 16-05-2016

Inference
The index opened flat to positive but profit booking saw the index dip below 7800, but value buying saw the index close strong at 7860.75, gain of 45.85 points. The broader market was flat with 761 advances to 787 declines. Range for the series is at 7600-8000.
  • Call option 7900 added 2.29 lacs OI with short covering at 7800 and below strike prices.
  • Put option 7900-7500 added 13.81 lacs OI with short covering at 8000 and above strike prices.
  • Nifty Open Interest is at 1,61,98,875 down by 87,525, with increase in price, probably short covering.
  • Bank Nifty Open Interest is at 16,68,150 down by 46,320, with increase in price, probably short covering.
  • FII’s sold 3259 contracts of Index Futures, which includes net 2210 contracts long liquidation and 1049 contracts short build-up, with decrease in net OI by 1161 contracts, includes 29808 longs to 33067 shorts for the day.
  • FII’s Index future open contract as on date is 132501 Longs to 96997 Shorts, Net 35504 down by 3259 contracts.
  • Initial support at 7800, with OI of 53.67 lacs and below that at 7700 with OI of 54.31 lacs.
  • Initial resistance at 7900, with OI of 59.09 lacs and above that at 8000 with highest OI of 82.93 lacs.
  • Day Range as per Option Table is 7773 - 7911 and as per VIX is 7791 - 7931 with 7836 as the Pivot.
India VIX : 17.03 up by 0.03 points
Call OI : 50036175
Put OI : 43654200
PCR OI : 0.872
SMR : 1.52 (Neutral to Bullish : Strong close by the bulls has pulled back the OI table in Neutral Zone, still within the 7700-8000 range; upside for the time being seems capped at 8000...)


Sunday, May 15, 2016

Option Open Interest for 13-05-2016

Inference
The index opened weak and stayed weak for the entire session of trade with a dip below 7800 but closed just above at 7814.90, huge loss of 85.50 points. The broader market was weak with 564 advances to 992 declines. Range for the series is at 7600-8000.
  • Call option 7800-8400 added huge 44.65 lacs OI with small short covering at 7600 and below strike prices.
  • Put option 7100 added 3.10 lacs OI with huge short covering at 7800 and above strike prices.
  • Nifty Open Interest is at 1,62,86,400 down by 7,57,575, with decrease in price, probably huge long liquidation.
  • Bank Nifty Open Interest is at 17,14,470 down by 61,770, with decrease in price, probably long liquidation.
  • FII’s sold 4052 contracts of Index Futures, which includes net 6593 contracts long liquidation and 2541 contracts short covering, with decrease in net OI by 9134 contracts, includes 31340 longs to 35392 shorts for the day.
  • FII’s Index future open contract as on date is 134711 Longs to 95948 Shorts, Net 38763 down by 4052 contracts.
  • Initial support at 7800, with OI of 51.89 lacs and below that at 7700 with OI of 50.85 lacs.
  • Initial resistance at 7900, with OI of 56.80 lacs and above that at 8000 with highest OI of 85.52 lacs.
  • Day Range as per Option Table is 7755 - 7892 and as per VIX is 7745 - 7884 with 7827 as the Pivot.
India VIX : 17.00 up by 0.67 points
Call OI : 51331800
Put OI : 42127500
PCR OI : 0.821
SMR : 20.71 (Bearish : The OI table has turned weak with ceiling confirmed at 8000 though the range stays at 7700-8000, turns out to be a Sell on rise...)